Calder Capital is pleased to announce the acquisition of Bridge Tool & Die, Inc. of Buckley, MI to an individual investor.
Bridge Tool & Die is a precision machining and injection mold company located in Northern Michigan. The Company specializes in the manufacturing of carbide and steel tooling for extrusion, deep draw, cold heading, and end form tooling markets that are used in a wide variety of industries. Bridge Tool & Die provides a consistent and precise manufacturing process by integrating the sourcing process for tooling seamlessly into its customers’ overall production.
Glenn Bridgman founded Bridge Tool and Die in 2005 and has been the 100% owner of the Company ever since. After seventeen years of successfully running the business, Mr. Bridgman engaged with Calder Capital to find an ideal successor for the Company. Rick Purcey, Mergers and Acquisitions Advisors at Calder Capital, served as the lead advisor on the transaction.
“There was a lot of interest in Bridge Tool & Die and the seller had multiple buyer options to choose from. Ultimately, the party chosen was who the seller felt was the best fit for the future of the organization and its employees. The buyer, Rick Watson, possesses the skill set needed to grow and improve the business and continue to build upon what Glenn started,” stated Calder M&A Advisor, Rick Purcey.
The buyer, Rick Watson, is an engineer and MBA with experiences spanning in small company ownership to large company technical and executive positions including OEM, Tier One and Tier Two companies in the aerospace, automotive, and industrial sectors.
According to Calder Capital founder, Max Friar, “We are pleased to see manufacturing transactions continue to resurge after two years of lower activity in the space. We continue to see vast numbers of entrepreneurs seeking to purchase small businesses and owners of established businesses grow weary of dealing with inflation, the labor market, and supply chain disruptions. Calder is very well-positioned to continue to handle record transactions!”
Calder Capital, LLC served as the exclusive Mergers and Acquisitions Advisor to Bridge Tool and Die.
The terms of the transaction were not disclosed.
About Bridge Tool & Die
Founded in 2005, Bridge Tool & Die manufactures high-quality carbide and steel products that are utilized in a wide array of industries. The Company services industries such oil and natural gas, electronics, home appliances, medical devices, automotive, packaging, and irrigation. Bridge Tool and Die operates out of a 6,000 square foot facility located in Buckley, MI.
