Calder Capital LLC - Mergers & Acquisitions

09/02/2026

A strong team is built on more than our work.

Recently, the Calder Capital team came together in Grand Rapids for our second company-wide meeting of 2026 and to celebrate Calder Capital’s 13th anniversary with an afternoon of beach volleyball, good food, and even better company. 🏐

With team members joining from across the country, these gatherings are an opportunity to step away from the normal day-to-day workflow, share ideas, celebrate progress, and strengthen the relationships that help us deliver exceptional outcomes for business owners and buyers.

The work we do is deeply collaborative, and time spent together like this reminds us that our greatest asset is our people.

09/01/2026

Calder Capital is pleased to announce that Behnke Dedicated & Logistics of Battle Creek, Michigan, has acquired AG Freight, LLC of Piedmont, South Carolina.

Behnke Logistics partnered with Calder Capital’s Buy-Side team to identify opportunities that could expand its transportation platform into South Carolina and surrounding markets.

"Patrick and Edson did what they said they'd do. They brought us real off-market opportunities, kept the process moving, and were straight with us when issues came up in diligence. Going from engagement to close in about six months on an out-of-state deal says a lot about how they run their process."

- Ben Behnke (Buyer)

Congratulations to Ben Behnke, Garrett Boulware, Patrick Robey, Edson Ramirez, Hannah Nabhan, Logan Theodorou, and everyone involved in bringing this transaction to a successful close.

👉 Read the full announcement: https://www.caldergr.com/tombstone/behnke-dedicated-logistics-of-battle-creek-mi-acquires-ag-freight-llc-of-piedmont-sc/

08/31/2026

Ask an owner off-market what they’d want for their business and you’ll rarely get a real number. You’ll get “make me an offer,” or a number well above anything they’d actually take. They weren’t planning to sell. You showed up. So they anchor high.

The gap is normal. Walking away because of it is the mistake.

In our July Buy-Side Update, Calder Capital M&A Advisor Jake McDonald joins Sam Scharich, Calder Capital’s Buy-Side Managing Director, to walk through a deal where the buyer and seller started far apart on price, and the structure that got it closed.

Watch the update: https://www.caldergr.com/july-2026-recap-calder-capitals-monthly-buy-side-update/

08/29/2026

Digital Commerce 360 published a story on Home Depot’s expanding HVAC strategy, and Max Friar, Calder Capital’s Founder and Managing Partner, was featured for his perspective on what this means for the industry.

Friar, also a partner and co‑owner of Weinkauf Plumbing & Heating, Inc., weighed in with firsthand insight. Max noted, “Home Depot’s slogan is ‘how doers get more done.’ Its continued investment in SRS suggests that it increasingly sees those doers as professional contractors, not just DIY customers.”

To read the full article, click here: https://www.digitalcommerce360.com/2026/08/14/home-depot-srs-hvac-lohmiller-acquisition/

Thank you, Kevin Williams and Digital Commerce 360, for featuring us!

Experts say the acquisition of Colorado-based Lohmiller & Company strengthens SRS Distribution's growing HVAC platform as Home Depot continues expanding its reach among professional contractors.

08/28/2026

In this buyer testimonial, Paul Callahan, Founder and Managing Partner of Seddon Point Capital, shares his experience working with Calder's team in acquiring Metro Metal Works. He shares the challenges that come with sourcing opportunities, navigating due diligence, securing financing, and getting a deal across the finish line.

Paul also discusses the importance of having advisors who provide candid feedback, challenge assumptions, and help maintain momentum throughout the acquisition process.

Whether you're pursuing entrepreneurship through acquisition or preparing for your next transaction, Paul's perspective is a valuable reminder that patience, discipline, and process matter.

▶️ Watch the full testimonial here: https://www.caldergr.com/buyer-testimonial-paul-callahan-metro-metal-works/

08/27/2026

A great client experience starts with great people.

We're excited to recognize Francesco Pizzo for the impact he's making at Calder Capital.

Recently, a Buy-Side client took the time to share their appreciation for Francesco's efforts and professionalism throughout their acquisition process.

While transactions are what bring us together, it's the relationships built along the way that often leave the greatest impression.

Thank you, Francesco, for representing Calder Capital so well and for the dedication you bring to our clients every day.

Congratulations, Francesco! 👏

08/26/2026

Please join us in congratulating Max Friar, Founder and Managing Partner of Calder Capital, on being named a 2026 Michigan Inspiring Leader by Corp! Magazine.

Since founding Calder Capital in 2013, Max has grown the firm from a one-person operation in Grand Rapids into a nationwide M&A advisory firm serving business owners, buyers, and investors across the country.

“As we've grown from a small team into a national firm, he's never been satisfied with maintaining the status quo. He's never lost sight of the people behind the work; our team, our partners, and the business owners and buyers who trust us during some of the most important moments of their lives.”
- Hannelore Jones, Director of Operations

Congratulations, Max, on this well-deserved honor!

Thank you for your leadership, vision, and commitment to raising the standard in lower middle market M&A.

🏆 Read more about the recognition: https://www.caldergr.com/calder-capitals-max-friar-honored-as-a-corp-magazine-2026-michigan-inspiring-leader/

08/25/2026

Calder Capital is excited to announce the successful acquisition of Richfield Trailer Supply by Brad Morrill of Morrill Enterprises.

Brad's path to business ownership was a very intentional one.

After dedicating significant time to learning the acquisition process, refining his criteria, and pursuing opportunities independently, he partnered with Calder Capital's Buy-Side team to identify the right fit. That search ultimately led to Richfield Trailer Supply, a Michigan-based distributor with a 70-year history serving the trailer and RV industry.

“I greatly appreciated the team approach that Calder takes with its buyside clients. Hannah, Alex, Matt, and the people in the background supporting them all had a role to play in my acquisition journey and ultimate success... Calder has invested in the human and technological resources to make the process much easier on an individual searcher like me.”
-Brad Morrill, Buyer

Calder's Buy-Side team generated 66 off-market seller introductions, leading to 34 pursued opportunities, five offers, and ultimately a successful acquisition.

Congratulations to Brad Morrill, Colleen Duncan, Eric Warsin, Matt Baas, Hannah Nabhan, Alex Flechsig, and everyone involved in bringing this transaction to a successful close.

👉 Read the full announcement here: https://www.caldergr.com/tombstone/richfield-trailer-supply-of-flint-mi-acquired-by-morrill-enterprises-of-grand-rapids-mi/

08/24/2026

Calder Capital is thrilled to announce the successful acquisition of ARK Engineering & Technical Services, Inc. and ARK Field Services, LLC of Braintree, Massachusetts, and Winter Haven, Florida, by Michael Sargent of Marblehead, Massachusetts.

Founded in 1991, ARK Engineering & Technical Services and ARK Field Services provide specialized electrical interference analysis, corrosion control, cathodic protection, and field installation services for clients across the energy, oil & gas, and infrastructure sectors.

Calder's Buy-Side team generated 14 off-market seller introductions for Michael Sargent, resulting in eight client-selected pursuits and ultimately the successful acquisition of ARK Engineering & Technical Services and ARK Field Services.

“I enjoyed working with Shane and Francesco and their team through this sale process. I will be referring them to people who are considering Buy-side representation.”
- Bob Allen, Seller

Congratulations to Michael Sargent, Bob Allen, Shane Kissack, Parker Schaap, Francesco Pizzo, and everyone involved in reaching this successful outcome.

👉 Read the full announcement below: https://www.caldergr.com/tombstone/individual-entrepreneur-of-marblehead-ma-acquires-ark-engineering-technical-services-inc-and-ark-field-services-llc-of-braintree-ma-and-winter-haven-fl/

08/21/2026

The best client relationships don't end at closing. 🤝

When Joe Prudden and Big Shoulders Capital first worked with Calder Capital, it was as a buyer acquiring a business we represented. Since then, they've engaged Calder's Sell-Side team on a divestiture and are now working with our Buy-Side team on a platform acquisition search.

For us, one of the strongest indicators of success is when clients return for their next transaction.

🎥 Watch the full conversation with Joe Prudden: https://www.caldergr.com/client-testimonial-joe-prudden-big-shoulders-capital/