Calder Capital is proud to announce the acquisition of C&L Cylinder and Machine, LLC of Rome, Georgia by Caerus Equity Partners of Atlanta, Georgia.
With 25 years of operational and leadership experience, Ben Eugrin established Caerus Equity Partners (Caerus) in 2021, focusing his expertise on acquiring and managing a manufacturing business. As the lead of Caerus, Ben prioritizes a partnership-oriented approach, working closely with business owners to understand the unique aspects of their operations and to formulate growth strategies that honor and enhance their established legacies. To enhance his deal flow exponentially, Ben engaged Calder Capital’s Buy-Side team.
Founded in 2000, C&L Cylinder and Machine is a provider of heavy machinery services with a team of 20+ employees specializing in machining, welding, grinding, repair, and manufacturing. The acquisition by Caerus Equity Partners positions the company to enhance its services for existing clients while putting the pedal on the floor for new growth opportunities. Eddie Terry, the founder of C&L Cylinder, is eager to collaborate with Ben and his team in this new chapter.
“I’m excited about the future of C&L,” Eddie commented. “We built a solid foundation over the past 20 years and I see so much potential with the projects that Ben and I have been talking about. I’m also excited to be able to explore other interests that have been on hold.”
“I am most excited to work with the team at C&L,” Ben shared. “We have a great culture where people take care of each other, have intense pride in their work, and love taking care of our customers – not to mention they are extremely skilled. We also have amazing long-term relationships with our customers and I’m excited to work with them and learn more about their needs and how we can grow with them. C&L has the perfect combination of a solid base with incredible opportunities for growth. I am so grateful to Calder for connecting me with Eddie.”
Jonathan Stanton and Hannah Nabhan served as the lead Mergers and Acquisitions Advisors to Caerus Equity Partners.
When asked about his experience working with Calder’s Buy-Side team, Eddie shared, “In short, [Calder was] 10 out of 10. They made me feel comfortable about both Ben’s background and the possibility of selling my business.”
“From start to finish, Calder ran a very professional process that delivered leads,” Ben expressed. “Hannah was outstanding as my primary contact, she provided updates on the deal flow process and gave me confidence they were doing everything possible to find the right partner – which we found with Eddie! Jonathan received great feedback from sellers about his approach and Sam [Scharich] helped provide some great advice on how to keep things moving in the right direction.”
Calder’s Buy-Side team made 16 introductions and set up 10 serious meetings for Caerus Equiry Partners before going under a signed Letter of Intent with C&L Cylinder and Machine.
“After unwavering efforts from both Ben and Eddie to make this transaction a reality, it’s exciting to see Ben fulfill his dream of owning and operating a business,” Hannah commented. “Our team is eager to see what the future has in store for C&L Cycliner under Ben’s leadership and we wish Eddie all the success as he embarks on the next chapter in his life!”
“Congratulations to Caerus and C&L Cylinder and Machine on a successful transaction,” noted Calder’s Managing Partner, Max Friar. “Hats off to Ben Eugrin for understanding early in his process that sufficient deal flow is key to getting a deal done. One interesting statistic that we’ve learned along the way is that, on average, a buyer needs to make six offers before they will get a deal done. Ben wasted no time and now he has an excellent company to grow.”
Calder Capital, LLC served as the exclusive Mergers and Acquisitions Advisor to Caerus Equity Partners.
The terms of the transaction were not disclosed.
About Caerus Equity Partners
Caerus Equity Partners, a lower middle market private equity firm, partners with business owners poised to sell, aiming to understand and elevate the unique qualities of their businesses. Established by Ben Eugrin in 2021, Caerus operates from its headquarters in Atlanta, Georgia.
About C&L Cylinder and Machine, LLC
C&L Cylinder and Machine was founded in 2000. The Company has grown to 20+ employees over the last 23 years. C&L offers an array of services including machining, welding, grinding, repair, and manufacturing. The Company serves a variety of industries and is headquartered in Rome, Georgia.
About Calder Capital, LLC
Calder Capital, LLC is a lower middle market investment bank providing mergers and acquisitions advisory services to business owners, entrepreneurs, family offices, and investors across the United States. Our dedicated team of professionals combines extensive industry experience, technological innovation, negotiation savvy, and key relationships to exhibit exceptional execution. Calder’s services include mergers and acquisitions advisory, private funds and capital markets advisory, and business valuations.