December 2019 – Calder Capital is pleased to announce the successful acquisition of Wyoming, MI-based Precise CNC Routing, Inc. by local investors David and Carey Lefere.
Established in 1995 by Rick Lemson, Precise CNC Routing is a family business that values commitment to problem-solving and customer service above all things. Precise CNC Routing offers a wide range of services to its customers including CNC machining, digital and screen printing, wood powder coating, plastic fabrication, and fulfillment.
Having operated the business for almost 25 years, Mr. Lemson engaged with Calder Capital as he desired to pursue retirement with his wife, Laura. After spending years building the Company, Rick strongly desired a new owner who would carry on the outstanding reputation Precise CNC Routing had established with their customers and ensure the Company was successful long into the future. Calder Capital immediately began searching for a buyer for Precise CNC Routing. Mr. Lemson made his decision when Calder introduced him to David and Carey Lefere, who pursued the acquisition diligently and expediently. From start to finish, the transaction took only 4 months.
The buyers of Precise CNC Routing are a perfect fit for the Company. Mr. Lefere is well-versed in the industry, as over the past 13 years he had developed a thriving practice representing manufacturing businesses in Michigan related to his unique expertise on the Michigan Special Tools and Mold Lien Acts as an attorney with Mika Meyers PLC.
Calder Capital’s Managing Partner, Max Friar, was very pleased with the transaction stating, “working with Rick and David was a pleasure. There is a strong buyer pool interested in local manufacturing companies. Mr. Lefere stood out as exceptionally motivated and qualified. It was a quick and smooth transaction. Precise CNC Routing has a strong management team in place and a great customer base; with the addition of the Leferes the Company is in very good hands to continue successfully into the future!”
The Precise CNC Routing transaction marked the 22nd and final transaction of 2019 for the Calder Capital/Small Business Deal Advisors team. The transaction adds to the company record of annual transactions, surpassing a cumulative 19 transactions in 2018. “While 2019 was overall a good year for us, we are not content and will not sit idle as we progress into the new year. As we start 2020 with a clean slate, there continues to be strong buyer demand for West Michigan businesses and we are more motivated than ever and fully expect to exceed the number of business owners we assist this year,” Friar stated.
Calder Capital, LLC served as the exclusive M&A Advisor for Precise CNC Routing with Matt Uhl, Calder Capital Mergers & Acquisitions Associate, serving as the Lead Advisor.