Calder Capital is pleased to announce the successful sale of Grand Rapids-based Squeegee Squad to an Individual Investor, Troy Butler, of West Michigan.
Squeegee Squad is a profitable and growing window cleaning franchise operating in Grand Rapids, MI and the surrounding areas. The Company serves both the residential and commercial markets, including buildings ranging from single-story homes to 15-story high-rises. Additionally, the Company offers its customers pressure washing, gutter cleaning, and ancillary services.
Squeegee Squad is a franchise partner that has a superior commitment to excellence and a growing list of first-rate customers.
Matt and Jamie Graif were very pleased with the outcome, “We’ve worked very hard over the past ten years to bring quality and reliability to our customers. We are excited to transition the business to Troy and believe that his skills, drive, and connections will take SqueeGee Squad to the next level.”
Troy Butler, the acquirer, was equally excited. “I’ve been looking for the right business for some time. Squeegee Squad proved to be a great fit for my entrepreneurial interests. Matt and Jamie did a tremendous job of building the company from a start-up to an established and well-respected name serving commercial, residential and municipal clients throughout West Michigan. The phenomenal team at Squeegee Squad has successfully completed over 65,000 jobs in the area and we look forward to many more. I am very excited to take the reins and move things forward!”
Max Friar, Managing Partner of Calder Capital, LLC, noted that the pace of Squeegee Squad’s continuous growth occurs at an opportune time to capitalize on a growing Grand Rapids market. “Squeegee Squad is at a prime time to take advantage of record level demand and with the key customers relationships they have developed they are in an excellent spot,” Friar noted that the pace of acquisitions continues to be strong. “We have closed 7 transactions with number 8 on the way. This is a record amount of closings for us through May and we do not see interest waning. It’s a great time to be in M&A in West Michigan!”
Calder Capital served as the exclusive M&A advisor to Squeegee Squad.