Spray Patch of Madison Heights, MI Acquired by Detroit-Area Entrepreneurs Joel and Tanya Duncan
Michimich.com/10290498

MADISON HEIGHTS, Mich. - Michimich -- The Duncan family has been searching for a business acquisition opportunity for the past few years. Joel worked in General Motors' Financial Planning & Analysis department, while Tanya serves as a technology consultant. The Duncan's engaged Calder Capital's Buy-Side team because of Calder's experience in deal structuring and Calder's proprietary deal-flow process.

Founded in 2009 by Mark and Jeanne Meek, Spray Patch specializes in asphalt and concrete road surface repair. Spray Patch services municipalities, counties, and commercial parking lots throughout Southeast Michigan. Utilizing specialized spray injection equipment, Spray Patch has built a strong reputation for offering a more durable road repair solution compared to traditional patching methods. The company has cultivated lasting relationships with several local governments and commercial entities, providing cost-effective and long-lasting pavement repair solutions.

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After over 15 years of dedicated service, Mark and Jeanne Meek sought to transition the business to new ownership while preserving its strong community presence and reputation. Calder Capital successfully brokered the purchase, securing the Duncan Family as the ideal buyers.

"We are thrilled to take the helm at Spray Patch and continue its tradition of excellence," commented Joel Duncan. "Mark and Jeanne have built an incredible business with a strong customer base, and we are excited to build upon that foundation while expanding its capabilities."

Garrett Monroe of Calder Capital served as the lead M&A Advisor for the transaction. Calder's Buy-Side team made forty introductions and set up twenty-four serious meetings for the Duncan Family before going under a signed Letter of Intent with Spray Patch.

"We were honored to have served as the buy-side advisor to the Duncan Family," said Max Friar, Founder of Calder Capital. "This transaction is a testament to the strength of the business that Mark and Jeanne built and the vision that Joel and Tanya have for the future. At Calder Capital, we take great pride in helping entrepreneurs and business owners navigate these transitions smoothly, ensuring that both buyers and sellers achieve their goals. We look forward to seeing Spray Patch continue to grow under its new leadership."

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Calder Capital served as the Duncan's buy-side M&A advisor.

About Calder Capital:

Founded in 2013, Calder Capital, LLC 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. Our dedicated team of professionals combines extensive industry experience, technological innovation, negotiation savvy, and key relationships to exhibit exceptional execution. 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