SBDA/Calder Celebrate Blowout January, Hammer Home 10 Closings in January 2020!

After closing a record 22 transactions in 2019, the Calder Capital/Small Business Deal Advisors team cranked up the volume and drove home 10 closings in January 2020, breaking the record for most closings in a single month.

“I’m not sure it gets much better than this,” affirmed SBDA/Calder Managing Partner, Max Friar. “As I noted on LinkedIn earlier in the month, I remember looking back at the closing schedule in December and feeling almost apprehensive about acknowledging the potential for Q1 2020. I almost couldn’t believe it could happen and I continue to pinch myself. It did!”

“The greatest part about January’s successes was how widespread they were shared among the team,” Friar continued. Five transactions occurred under the Calder banner and five under the SBDA flag. The advisors that shared in the firms’ closings in January were Rick Purcey, Matt Baas, Doug Yntema, Sam Scharich, Garrett Monroe, Ghazey Aleck, and Matt Uhl. Eight of the clients’ businesses are located in Michigan, one in Indiana and one in Iowa.

Due to confidentiality and out of respect for smooth transitions, Calder/SBDA will not publish the entire list of buyer and seller names at this time, but here is a partial list. We will issue full releases and names once the buyer and seller have had time to let the dust settle.

Overview of 2020 Calder/SBDA Closings

ClientCity of ClientAdvisorBuyer TypeIndustry
Metal Fabrication CompanyWest MichiganCalderIndividualManufacturing
Topps Safety ApparelRochester, INCalderStrategicManufacturing
Premier Paper & SuppliesGrand Rapids, MISBDAStrategicDistribution
Family Wellness CenterMidland, MISBDAIndividualService
Local Fitness BusinessHolland, MISBDAIndividualService
Established Industrial Equipment DistributorGrand Rapids, MICalderStrategicDistribution
HVAC Services BusinessSouthwest, MICalderIndividualService
Niche Web Development CompanyGrand Rapids, MICalderIndividualService
Established Engraving CompanyMattawan, MISBDAStrategicManufacturing
Profitable Moving BusinessDes Moines, IASBDAIndividualService

Friar noted, “So far, four sales have happened with strategic buyers seeking to expand their service offering and/or geographic footprint and six closings have gone to individual investors. The size of transactions has ranged from $175,000 on the low end to $5,000,000+ on the upper end thus far.”

“We are looking forward to continuing momentum into 2020. We have 10+ opportunities under contract and we are hopeful that we will smash our 2019 record this year!”

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