Michimich.com - Bush Concrete Products of Muskegon, MI, Acquired by Wieser Concrete Products of Maiden Rock, WI

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MUSKEGON, Mich. - Michimich -- Transaction Summary

Calder Capital, a nationwide mergers and acquisitions advisory firm, is pleased to announce the successful sale of Bush Concrete Products, Inc. of Muskegon, Michigan, to Wieser Concrete Products, Inc. of Maiden Rock, Wisconsin.

The Acquisition Story

For nearly a century, Bush Concrete has manufactured high-quality standard and custom precast concrete products. Owner Jerry McGrath, engaged Calder's Sell-Side team as he prepared to exit the company, seeking a disciplined process designed to identify not only the most qualified buyer, but the right buyer for Bush's next chapter. Although achieving a strong outcome was important, his objective was never solely to maximize value. McGrath was equally focused on finding a long-term steward who would invest in the company's future, protect its employees, and preserve the reputation and values Bush Concrete Products had built over generations.

Bush Concrete's engagement led to Calder Capital marketing and advising the sale of the business to Wieser Concrete Products.

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Founded in 1965, Wieser Concrete is a family-owned manufacturer of precast concrete products for agricultural, underground, highway, commercial, wastewater, and stormwater applications. Wieser's Midwestern roots, complementary product capabilities, and long-term operating outlook made Bush Concrete a strong strategic fit.

Andy Wieser, CEO of Wieser Concrete Products, noted, "Both Wieser and Bush have been built around the same values – hard work, quality products, taking care of customers and treating employees like family. We are hoping to bring additional support, resources, manufacturing capabilities and a broader range of precast products that will allow the Michigan operation to continue to grow and serve its customers."

Calder Capital's Transaction Team and Sale Process

Garrett Monroe of Calder Capital served as the Lead Mergers & Acquisitions Advisor to Bush Concrete Products. Serving as Lead Associate was Jonathan Dykstra, with Nick Browning as Lead Analyst.

Calder's Sell-Side team generated strong market interest, distributing 307 Confidential Information Memorandums (CIMs) to qualified buyers and receiving 39 indications of interest. After reviewing the proposals, the Bush Concrete Products team chose to focus on three buyers it believed represented the strongest fit for the company's next chapter, resulting in three letters of intent for consideration.

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McGrath stated, "Calder Capital did an excellent job of generating interest in the company and delivering bona fide offers in the price range they said was achievable. The process was very well organized. Most importantly, Garrett Monroe was easy to work with and did an excellent job. I would certainly recommend Calder to prospective business sellers."

Wieser noted, "Calder and Garrett in particular were very responsive to our needs as the buyer, ensuring that we had the documentation, information and access as required to feel confident in the purchase."

Learn more at www.CalderGR.com.