Ada Logistics of Ada, MI, Acquired by The AGL Group of Boston, MA
Michimich.com/10295191

GRAND RAPIDS, Mich. - Michimich -- Calder Capital is pleased to announce the successful acquisition of Ada Logistics, based in Ada, MI, by The AGL Group, headquartered in Boston, MA.

Ada Logistics, founded by Todd and Sheri Konwinski in 2004, specializes in comprehensive freight brokering services, providing truckload, less-than-truckload, and specialized freight solutions throughout 49 states and Canada. With Todd and Sheri planning for retirement, the owners engaged Calder's Sell-Side team. The AGL Group, led by entrepreneur Steve Zambo, is a Boston-based organization specializing in logistics and transportation solutions. Matt Baas of Calder Capital served as the Mergers & Acquisitions Advisor for the transaction.

Ada Logistics went to market on December 4 and the transaction attracted substantial interest. Steve Zambo and AGL distinguished themselves early in the process, moving quickly and decisively; this brought the buyer and seller under LOI on December 20. The transaction closed on March 31.

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"I'm incredibly grateful to Calder Capital and Matt Baas for their professionalism throughout this process," added buyer Steve Zambo. "They did an outstanding job bringing both parties together for a successful outcome."

"It was important to us to find a buyer who appreciated our model and values, and Calder delivered," stated Todd Konwinski.

"Although we obtained multiple offers, the strength and alignment of AGL made it the right move for Ada Logistics. I am happy that these parties could align so well on their values and on the future of the company," shared Matt Baas.

Max Friar, Calder Capital's Founder and Managing Partner, added: "Ada Logistics represents everything we admire in a sell-side client: lean, efficient, and built to last. We're proud to have helped facilitate this successful outcome for the Konwinskis."

Calder Capital served as the exclusive Mergers and Acquisitions Advisor to Todd and Sheri Konwinski.

About Ada Logistics:
Ada Logistics is a freight brokerage firm based in Ada, MI, offering full-service transportation solutions across 49 states and Canada. To learn more, please visit https://adalogistics.com/home.

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About The AGL Group:
The AGL Group is a Boston, MA-based logistics and transportation services company with a focus on strategic acquisitions and growth across the freight and supply chain ecosystem. To learn more, please visit https://www.theaglgroup.com.

About Calder Capital:
Founded in 2013, Calder Capital is a lower middle market investment bank providing mergers and acquisitions advisory services to business owners, entrepreneurs, family offices, and investors across the United States. Calder's services include mergers and acquisitions advisory, private funds and capital markets advisory, and business valuations. To learn more, please visit http://caldergr.com.