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WIXOM, Mich. - Michimich -- Transaction Summary
Calder Capital, a nationwide mergers and acquisitions advisory firm, is delighted to announce the successful acquisition of Wholesale Builder Supply of Wixom, Michigan, by Three Thirteen Capital of Bloomfield Hills, Michigan.
The Acquisition Story
Wholesale Builder Supply has become a trusted cabinet supplier and custom kitchen and bathroom design partner throughout southeastern Michigan. As Lachhman Jindal, the Owner, prepared for retirement, he sought a successor who would prioritize employees while continuing to nurture long-standing customer relationships. He engaged Calder Capital's Sell-Side team to identify the right cultural and strategic fit to carry the business forward.
Three Thirteen Capital brings decades of financial leadership and investment experience to Wholesale Builder Supply. The firm's leadership has experience in residential real estate development, structured real estate financing, and global financial services.
Calder Capital's Transaction Team and Sale Process
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Scott Nicholson and Pankaj Rajadhyaksha of Calder Capital served as the Mergers & Acquisitions Co-Advisors to Wholesale Builder Supply. Serving as Lead Associate was Nick Browning of Calder Capital.
Calder's Sell-Side team generated strong market interest during the sale process, with 166 Confidential Information Memorandums (CIMs) distributed to qualified buyers, and 10 offers received. The company closed within four months of signing the letter of intent.
Jindal shared, "Scott, Pankaj, and the Calder team were excellent. We had some great talks these last few months. Scott was there to resolve those issues, and he delivered for me. He and Pankaj really did a great job, and they have become good friends of mine."
When asked about their experience in working with Calder, Three Thirteen commented, "The team at Calder was great to work with and did a good job managing the negotiation process and keeping everyone focused on execution. Scott and Pankaj are great professionals and their experience proved valuable in bringing the transaction to a timely closing."
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Garrett Monroe, Calder's Sell-Side Managing Director, commented, "Calder Capital takes pride in advising founder-owned distribution and construction-related companies, and we are happy to have helped Lachhman transition his life's work to a highly accomplished financial operator in Three Thirteen Capital."
Calder Capital (https://www.linkedin.com/company/calder-capital/) served as the Exclusive Sell-Side Mergers and Acquisitions Advisor to Wholesale Builder Supply.
To learn more about Wholesale Builder Supply, Inc., please visit WBSCabinets.com.
About Calder Capital:
Founded in 2013, Calder Capital is a cross-industry mergers and acquisitions advisory firm with offices across the United States. Calder provides valuation, sell-side, and buy-side services. We are nationally recognized for excellence in advising $1-100M enterprise value transactions in manufacturing, construction, distribution, and business services. Calder serves business owners, entrepreneurs, family offices, financial buyers, and investors. Learn more at www.CalderGR.com.
Calder Capital, a nationwide mergers and acquisitions advisory firm, is delighted to announce the successful acquisition of Wholesale Builder Supply of Wixom, Michigan, by Three Thirteen Capital of Bloomfield Hills, Michigan.
The Acquisition Story
Wholesale Builder Supply has become a trusted cabinet supplier and custom kitchen and bathroom design partner throughout southeastern Michigan. As Lachhman Jindal, the Owner, prepared for retirement, he sought a successor who would prioritize employees while continuing to nurture long-standing customer relationships. He engaged Calder Capital's Sell-Side team to identify the right cultural and strategic fit to carry the business forward.
Three Thirteen Capital brings decades of financial leadership and investment experience to Wholesale Builder Supply. The firm's leadership has experience in residential real estate development, structured real estate financing, and global financial services.
Calder Capital's Transaction Team and Sale Process
More on Michimich.com
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Scott Nicholson and Pankaj Rajadhyaksha of Calder Capital served as the Mergers & Acquisitions Co-Advisors to Wholesale Builder Supply. Serving as Lead Associate was Nick Browning of Calder Capital.
Calder's Sell-Side team generated strong market interest during the sale process, with 166 Confidential Information Memorandums (CIMs) distributed to qualified buyers, and 10 offers received. The company closed within four months of signing the letter of intent.
Jindal shared, "Scott, Pankaj, and the Calder team were excellent. We had some great talks these last few months. Scott was there to resolve those issues, and he delivered for me. He and Pankaj really did a great job, and they have become good friends of mine."
When asked about their experience in working with Calder, Three Thirteen commented, "The team at Calder was great to work with and did a good job managing the negotiation process and keeping everyone focused on execution. Scott and Pankaj are great professionals and their experience proved valuable in bringing the transaction to a timely closing."
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Garrett Monroe, Calder's Sell-Side Managing Director, commented, "Calder Capital takes pride in advising founder-owned distribution and construction-related companies, and we are happy to have helped Lachhman transition his life's work to a highly accomplished financial operator in Three Thirteen Capital."
Calder Capital (https://www.linkedin.com/company/calder-capital/) served as the Exclusive Sell-Side Mergers and Acquisitions Advisor to Wholesale Builder Supply.
To learn more about Wholesale Builder Supply, Inc., please visit WBSCabinets.com.
About Calder Capital:
Founded in 2013, Calder Capital is a cross-industry mergers and acquisitions advisory firm with offices across the United States. Calder provides valuation, sell-side, and buy-side services. We are nationally recognized for excellence in advising $1-100M enterprise value transactions in manufacturing, construction, distribution, and business services. Calder serves business owners, entrepreneurs, family offices, financial buyers, and investors. Learn more at www.CalderGR.com.
Source: Calder Capital
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