Press
We are eternally thankful to all of the fine organizations that discuss Calder transactions as well as call on Calder for our perceptions of market trends. The following is a collection of those articles.
2016Central Interconnect enters next phase of ownership with sale – Mibiz.com 11/18/16
The deal marked Calder Capital’s longest transaction, largely because of Smith’s care and concern for the business he had built from the ground up, said Managing Partner Max Friar. “It’s one where we really had to fight tooth and nail to get this across the finish line,” Friar said.
Plateau at last? M&A outlook levels out, although Michigan firms remain optimistic – Mibiz.com 11/13/16
“West Michigan seems to be really hot. Buyer interest is strong,” said Friar, who typically handles transactions with a value of $1.5 million to $2 million. “I feel like the fundamentals in this area are as good as they’ve ever been,” he said. “I think West Michigan will hold up just fine.”
M&A activity may peak, but should remain elevated in 2016 – Mibiz.com 1/24/16
In the small business market, “there’s no shortage of buyers” for the right opportunity, said business broker Max Friar of Calder Capital LLC in Grand Rapids. “If you have a company that makes money and is not entirely dependent on that owner, there’s a buyer for that company,” Friar said. “It makes the appetite for making an offer in those types of businesses much higher.”
2015New owner seeks to grow Allegan fabricator by broadening customer base – Mibiz.com 7/16/15 A custom fabrication shop, D&J manufactures hoppers, top bins, support bins and other containers for the agriculture and general industrial market. The company also manufactures industrial cellulose blowing machines for insulation. Grand Rapids-based Calder Capital LLC worked with the seller to broker the deal.
New owners hope to diversify Jireh Metal, continue company’s growth – Mibiz.com 5/10/15
“Deals are getting done, but as M&A advisers, some of us are scratching our heads and wondering why there’s not more owners selling,” Friar said. “I don’t know (why) other than to say things are good again,” Friar said of his explanation of the lack of sellers. “I think people are returning to that 2005 mentality, and owners are thinking it’s time to milk it and ride the good times out a little bit…There is a lot of organic growth going on right now and because of that, acquisitions might be on the back-burner for strategic buyers. A lot of them don’t have the time to deal with an acquisition.”
SELLER’S MARKET: Generational shifts, economic recovery drive M&A activity in West Michigan and beyond – Mibiz.com 3/15/16
“To a certain extent, I feel like buyers are more confident than they were a few years ago, and that’s good and bad. It’s good because they’re slightly more ready to take a risk. It’s bad because they’re more discerning about the opportunity they take that risk with than they have been in the past,” Friar said. “Sometimes, there’s not that sense of urgency to buy a business. They’re going to wait and they’re going to be patient for the right opportunity.”