Kelm-Acubar of Benton Harbor has been acquired by The Armor Group of Mason, Ohio. The Calder Group filled us in:
Calder Capital, LLC is thrilled to announce that Kelm-Acubar of Benton Harbor, Michigan has been acquired by The Armor Group of Mason, Ohio.
Kelm-Acubar is an industry-renowned provider of precision machining services, with a wealth of expertise and experience in the field. Kelm-Acubar prides itself on supplying only the highest quality OE and aftermarket machined components. The owner, Andy Bodnar, ready to tackle new projects and spend more time with family, engaged Calder Capital to find his successor.
Kelm-Acubar was acquired by The Armor Group.The Armor Group is a corporation whose divisions manufacture highly engineered products and provide aftermarket services. Armor holds nine companies that offer diverse capabilities serving a variety of industries. Armor’s mission is to earn business by being a trusted provider of on-time quality manufactured solutions, engineered equipment, and aftermarket services.
When asked about the process, Andy Bodnar had the following to say, “There were definitely ups and downs along the way, but I sincerely applaud the efforts of Calder and Advisor Shane Kissack. Shane is patient and knowledgeable. He always took the time to answer my questions and I felt he was always on my side. He did an excellent job.”
Shane Kissack of Calder Capital served as the lead Mergers and Acquisitions Advisor to Kelm Acubar.
“I am happy we could connect Armor with Andy for his divestiture of Kelm-Acubar, it is a great fit. After dedicating myself to this process, it is satisfying that we have the right outcome for Andy and the legacy of Kelm.” Shane shared regarding the transaction.
According to Calder Managing Partner Max Friar, “Kelm-Acubar is a long-standing and well-respected manufacturer in Southwest Michigan. Both Andy and Shane (Advisor) exhibited tremendous patience and determination in getting this transaction to the finish line. I am extremely happy for Andy and that Kelm will continue to flourish in the hands of such a capable buyer.”
Calder Capital, LLC served as the exclusive Mergers and Acquisitions Advisor to Kelm-Acubar.
