Grand Rapids Business Journal Courtesy Otsego Crane & Hoist
A pair of local attorneys have acquired an overhead material handling equipment company in Allegan County.
Otsego Crane & Hoist Company, based in Otsego, was recently acquired by two Grand Rapids-based intellectual property attorneys who wish to remain anonymous, according to Calder Capital, which served as the exclusive mergers and acquisitions adviser to Otsego Crane & Hoist in the transaction.
Terms of the deal were not disclosed.
Founded by Ron Hill in 1989, Otsego Crane & Hoist is a distributor, designer, fabricator and service provider of overhead material handling equipment to industrial customers across the U.S., primarily in Michigan. The company has six employees and sells complete bridge crane systems, powered and manual hoists, festoon systems, and other material handling equipment accessories and parts. Otsego also offers preventive maintenance, inspections, repairs, upgrades and more.
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Comments Custom Millwork & Display specializes in intricate projects that require specialized manufacturing and skillsets.
SOUTH BEND, Ind. - Family-owned architectural millwork and cabinetmaker Custom Millwork & Display has been acquired by lone private investor Kurt Madvig.
Founded in 2005 in South Bend, Indiana, Custom Millwork makes custom-made millwork, architectural millwork, and furniture for universities, schools, churches, and businesses. The company has been owned and operated by its founder, Jerrel Mead and his son and partner, Dustin Mead since its inception.
“We have aligned ourselves with a network of very good vendors, suppliers and other quality millwork shops,” said Jerrel Mead, president. The strategy worked, as 2018 sales grew 35.1% for the providers of architectural millwork to the commercial and educational sectors.
Bus Parts OEM Supplier Acquired insideindianabusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insideindianabusiness.com Daily Mail and Mail on Sunday newspapers.
Grand Rapids Business Journal
Photo by iStock
The owner of a trio of companies in the fasteners industry has sold his businesses to a pair of local brothers.
Tim Irwin sold his companies based in Walker The Bolt Bin, West Michigan Technical Supply and Clear Vision Inspection to brothers and West Michigan natives Jordan and Travis Vander Kolk, according to Grand Rapids mergers and acquisitions firm Calder Capital on Monday, Jan. 11, which advised the seller on the transaction.
Terms of the deal were not disclosed.
Irwin founded his businesses in 2007, and together they supply maintenance, repair and operations (MRO) fasteners; production fasteners; and sorting, quality and inspection services from one location at 11331 3rd Ave. NW in Walker with 16 employees. The companies offer a one-stop-shop that Calder Capital said is “not customary” within the fastener manufacturing and distribution industry.