Calder Capital, LLC, was Exclusive Merger and Acquisition Advisor to Otsego Crane & Hoist Co. OTSEGO, Michigan – April 7, 2021 – (Newswire.com)
Calder Capital, LLC is pleased to announce that Otsego, MI-based Otsego Crane & Hoist Company has been acquired by individual investment partners.
Otsego Crane & Hoist Company is a distributor, designer, manufacturer, and service provider of overhead material handling equipment. Founded in 1989 by Ron Hill, Otsego is a family business that has grown into a stable local leader in the overhead material handling industry. The company’s integrity and commitment to its customers have helped Otsego Crane & Hoist attract a wide range of industrial companies to their loyal customer base.
After owning and operating Otsego Crane & Hoist for over 30 years, Ron and his wife Charlotte were ready to retire. In late 2019, Ron hired Calder Capital to find a buyer who would enable the company and its employees to continue to thrive and grow.
“The Calder team has been incredibly helpful,” said Ron of the transaction. “It took longer than any of us expected, but Sam and Matt were professional and patient, and were always available to answer questions.”
Otsego was bought by two individual investors who are both intellectual property attorneys based in Grand Rapids, Michigan. The partners strive to further expand this 30-year-old company.
Sam Scharich and Matt Uhl, merger and acquisition advisors at Calder Capital, LLC, were the primary advisors to the transaction. They worked closely with Ron Hill to find the right buyer to continue the company’s future. “This was a nail bite of a transaction for everyone involved,” said Sam Scharich about the acquisition. “Because of the pandemic, which added many additional steps to the process, there were many hurdles to overcome, but everyone persevered and the process ultimately culminated in a successful transaction with both sides eager to take the next steps.”
“”[My partner] and I was delighted when we came across this opportunity, “remarked one of the buyers from Otsego Crane & Hoist Co.” We’ve been in the market for a while trying to find an investment opportunity and we’re excited to see where we will be able to take the company. A big thank you to Sam and Matt for all of their help and support during the negotiation process. “
Calder Capital, LLC, was the exclusive advisor on mergers and acquisitions to Otsego Crane & Hoist Co.
About Otsego Crane & Hoist Co.
Otsego Crane & Hoist Co. was founded in 1989 by Ron Hill and sells material handling equipment services to an industrial customer base spanning the entire United States with a strong concentration in Michigan. The company sells complete bridge crane systems, powered and manual hoists, garland systems and other accessories and parts for material handling equipment. Otsego also offers services like preventive maintenance, inspections, repairs, upgrades and more.
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Original source: Otsego Crane & Hoist Company of Otsego, Michigan, acquired by individual investors