December 2020 – Grand Rapids, MI-based Small Business Deal Advisors (“SBDA”) is pleased to announce Great Lakes Industrial Service Company’s investment in a Michigan-based metalworking lubricant and cleaner distributor.
Great Lakes Industrial Service is a Grandville, MI-based distributor of metalworking fluids, fluid application equipment, filtration, and mixing systems.
The investment was made into a wholesale and distribution company that sells metalworking lubricants and cleaners throughout Michigan, Indiana, Ohio, Florida, and South Carolina. The Company’s products include drawing, stamping, and blanking compounds; cutting and grinding fluids; metal component cleaners; rust preventatives; and maintenance, forging, and metal forming lubricants.
The founder commented, “After almost 4 decades of growing the business, we were excited to collaborate with SBDA to find the right partner. Great Lakes Industrial Service has built a fantastic reputation in the manufacturing fluids market. I’m pleased with the thoughtful work and support SBDA and Garrett provided.”
Small Business Deal Advisors advised the metalworking lubricant company on the sale through the development of marketing materials, comprehensive marketing of the acquisition opportunity, and consulting through the negotiation, due diligence, and closing periods. The transaction was managed by SBDA Associate, Garrett Monroe.
Terms of the transaction were not disclosed.