News & Insights

Rua Associates Successfully Sells Niche Contract Manufacturing Company

Monday, October 01, 2012
 

Rua Associates, West Michigan's premier mergers and acquisitions firm, is pleased to announce the successful sale of a niche contract manufacturer headquartered in Grand Rapids, Michigan.  The company, which manufactures specialty machines, has demonstrated consistent growth and profitability since its founding in 2003. 

The seller, who will remain actively involved as a machine builder for the company, decided to sell based on his personal desire to spend more time on other ventures and also to delegate the growing administrative responsibilities to a buyer better suited to take the company to the next level. 

The buyer comes equipped with decades of experience in manufacturing, particularly in lean manufacturing as a division leader of a large publicly traded manufacturing company.

Rua Associates, LLC proudly served as the exclusive mergers & acquisitions representative for the seller

Prime Focus Technologies of Grand Rapids Acquired by i3 Business Solutions

Tuesday, July 17, 2012
 

Rua Associates, West Michigan's Premier Mergers & Acquisitions Firm, is pleased to announce the successful sale of Prime Focus Technologies, an information technologies service company located in Grand Rapids, MI, to i3 Business Solutions, an information technologies service company located in Grand Rapids, MI.

For over 10 years Prime Focus Technologies has been providing premium services such as network and infrastructure planning, design and implementation, system design and integration, and ongoing support for small businesses in the great Grand Rapids, MI area.

Established over 20 years ago by former IBM employees,  i3 Business Solutions, LLC is an established technology support company headquartered in Grand Rapids. i3 is a regional IT services leader serving customers in Grand Rapids, Michigan and throughout the State of Michigan. i3 Business Solutions professional staff includes more than 25 talented individuals.

The seller is planning on staying on with the business and is excited to work closely with the buyer in the future.

Rua Associates, LLC proudly served as the exclusive mergers & acquisitions representative for i3 Business Solutions

Snelling Staffing of Grand Rapids Acquired by Financial Buyer

Tuesday, July 17, 2012
 

Rua Associates, West Michigan's Premier Mergers & Acquisitions Firm, is pleased to announce the successful sale of Snelling Staffing, a franchise staffing company located in Grand Rapids, MI, to a financial buyer.

For over 20 years Snelling Staffing has been providing premium light industrial, administrative and professional staffing solutions for local businesses

Snelling Staffing has proven to be sustainable and successful in both favorable and unfavorable economic conditions. A strong, positive 3-year revenue trend is the result of maintaining solid relationships with core customers and reaching out to new ones through an aggressive sales team.    

The seller is very pleased with the transition and the buyers are looking forward to bright future as they navigate the business.

Rua Associates, LLC proudly served as the exclusive mergers & acquisitions representative for Snelling Staffing. 

Abcor Industries Acquired by a Strategic Partner Group

Monday, April 30, 2012
 

Rua Associates, West Michigan's premier mergers and acquisitions firm, is pleased to announce the successful purchase of Abcor Industries, a privately held wood surfaces technology company.   Abcor’s roots come from Herman Miller’s powder coating on wood technology initiative completed in 2001.  

Abcor has the critical process knowledge for powder coating wood.  Additionally, the company has 70,000 sq. ft and significant equipment capacity to serve its North American markets.  State-of-the-art equipment, technologies, and processes for heating, application, curing and quality control of powder on wood are core to the company’s sustainable competitive advantage.

The sellers are very pleased with the transition, and the acquirer will be implementing a top-tier management team to drive aggressive growth strategies.

The company is located in Holland, MI, and the buyers are based in West Michigan. You can visit its website here:

http://abcorindustries.com/

Rua Associates, LLC proudly served as the exclusive mergers & acquisitions representative

AVPI Limited (Van Pelt Industries) of Spring Lake Acquired by Financial Buyer

Tuesday, January 10, 2012
 

Rua Associates, West Michigan's premier mergers & acquisitions Firm, is pleased to announce the successful sale of AVPI Limited (Van Pelt Industries), a privately held tube bender & fabricator located in Spring Lake, MI, to a financial buyer.

Founded over 60 years ago, Van Pelt Industries specializes in value added tube bending and metal fabricating for a diverse array of furniture, signage and specialty manufacturing customers concentrated in Western Michigan. 

Ownership attributes Van Pelt Industries' success to the provision of quality products and the versatility to add value by providing welding, punching, drilling, fabricating and limited design and engineering services. 

The sellers are very pleased with the transition and the buyers are looking forward to bright future as they navigate the business into its seventh decade of service. 

Rua Associates, LLC proudly served as the exclusive mergers & acquisitions representative of the shareholders of AVPI, Limited. 

Mitco, Inc. Acquired by Riverside as an add-on to DuBois Chemicals

Monday, March 28, 2011
 

Rua Associates, West Michigan's premier mergers and acquisitions firm, is pleased to announce the successful sale of Mitco, Inc, a Grand Rapids, Michigan manufacturer of specialty chemical water  and wastewater management products to The Riverside Company, an award-winning private equity firm with locations worldwide. Mitco, Inc. is an add-on to DuBois Chemicals of Sharonville, OH. 

Founded in 1949, Mitco provides a strong line of wastewater, boiler water and cooling tower treatment chemical solutions for companies in Michigan, Indiana, Illinois, Ohio and others across the greater Midwest. The addition of Mitco roughly doubles the size of DuBois’ water treatment operations while adding a portfolio of complementary products. Mitco has a history of innovative product development, allowing the company to match a customer’s needs while creating trial samples within a couple of days instead of the weeks or months that is typical for the larger companies in the industry.

“We’re thrilled with the portfolio of products that Mitco brings to DuBois,” said Riverside Partner Tim Gosline. “The acquisition will really strengthen DuBois’ water treatment product offering, and we see a lot of opportunities to better serve both companies customers through this combination.”

DuBois CEO Jeff Welsh is enthusiastic about this acquisition and the added value that the combined organization can bring to its customers, noting that “Since 1949, Mitco has built an outstanding reputation for problem-solving and delivering results.  Integrating their capabilities into the DuBois organization will allow us to provide more innovative solutions to more completely meet our customers’ needs.”

Justin Mitchell, President of Mitco, adds, “We at Mitco are proud of what we have built over the past 62 years, and are excited about our association with DuBois, a formidable – and growing – force in the industrial specialty chemicals industry.  Our companies share a deep commitment to customer service and to providing cleaner, more efficient and profitable facilities for our customers.” For more information, please visit www.mitcoinc.com.

Founded in 1920, DuBois makes specialty chemical solutions for the manufacturing industry in North America, and is expanding into selected market sectors around the world. The company is committed to building sustainable partnerships with customers that also reduce total cost through the delivery of innovative solutions that are lean, green and clean. DuBois specializes in the areas of metal finishing/paint pretreatment, metalworking/lubricants, water/wastewater treatment, maintenance/equipment cleaning, paper chemicals, food processing cleaning/sanitizing, and transportation cleaning. For more information, please visit www.duboischemicals.com.

The Riverside Company is a global private equity firm focused on acquiring growing enterprises valued at up to $200 million (€200 million in Europe). The firm partners with strong management teams and enhances its investments through acquisitions and organic growth. Since its founding in 1988, Riverside has invested in more than 240 transactions with a total enterprise value of more than $5.4 billion/€4.4 billion. The firm’s portfolio in North America, Europe and the Asia Pacific region includes more than 70 companies with roughly 14,000 employees. Riverside completes acquisitions smoothly thanks to $3.4 billion/€2.7 billion in assets under management, more than 195 professionals in 19 offices, and longstanding relationships with partner lenders. For more information, please visit www.riversidecompany.com

Rua Associates, LLC was the exclusive mergers & acquisitions advisor to the shareholders of Mitco, Inc. 

Rua Associates Successfully Sells Proactive Record Copy Solutions, LLC

Friday, February 25, 2011
 

Rua Associates, West Michigan's premier mergers and acquisitions firm, is pleased to announce the successful sale of Proactive Record Copy Solutions, LLC, located in Dorr, MI.

Founded in 2001, the Company provides services for litigation attorneys on a regular basis and has developed a reputation for excellent customer service, reliability and efficiency.

The buyer and seller are very optimistic about the future of this 10-year established company and have been able to identify several growth opportunities based on the company’s established customer relationships and unique service offering.

Rua Associates, LLC, a West Michigan mergers & acquisitions firm, was the exclusive representative of the seller.

Essential Bean LLC Acquired by Financial Buyer

Friday, October 22, 2010
 

Rua Associates, Grand Rapids' premier mergers and acquisitions firm, is pleased to announce the successful sale of Essential Bean LLC to a financial buyer. Essential Bean is a 10+ year established coffee shop in Caledonia, MI. The Company provides a variety of coffees, smoothies and baked goods to a growing & established customer base.

Essential Bean maintains a website, a Twitter account with over 50 followers and a blog. Each of these venues promotes daily specials and offers promotions to entice customers into the shop.

The buyer, an individual from the West Michigan area, is excited about the opportunity to grow and expand the business.

Rua Associates, LLC, a West Michigan mergers & acquisitions firm, was the exclusive representative of the seller.

Agritek Acquires Grand Rapids Manufacturer Autotek, LLC

Friday, October 01, 2010
 

Rua Associates is pleased to announce the successful sale of Autotek, LLC of Grand Rapids, MI to Agritek Industries, Inc. of Holland, MI.

Founded in 2007, Autotek, LLC, is a contract manufacturer of a proprietary automatic parts feeding system utilized primarily in high volume metal manufacturing. The Company has multiple patents in place covering the various features of its product.

Agritek Industries, Inc. is a recognized metal products manufacturing company located in Holland, MI. Larry Kooiker started Agritek in 1987, manufacturing material handling equipment for agricultural uses. Today Agritek serves customers in a variety of areas ranging from the transportation, recreation and furniture industries, to specialty agricultural manufacturing.

Rua Associates, LLC, a West Michigan mergers & acquisitions firm, was the exclusive representative of the seller.

Exordium Acquired by Macatawa Technologies

Tuesday, September 07, 2010
 

Rua Associates, Grand Rapids premier mergers and acquisitions firm, is pleased to announce the successful sale of Construction News Service (“CNS”) to Florida-based construction information provider, Construction Data. The acquisition will expand Construction Data’s regional coverage to thirty-two states, expand the breadth of information to the construction community and add additional resources to expand its informational service to its strong subscriber base.

Located in Wyoming, Michigan, CNS has been in business over 12 years, employs over 12 people and has a long tradition of serving its customers in Michigan and Indiana. “After searching the country for the right fit for both our employees and customers, we found Construction Data was the perfect home to continue the healthy rapport with CNS employees, as well as, the resources to maintain and grow the customer base. We could not be happier knowing that CNS will continue to prosper for years to come,” said Heather Monroe, President of CNS.

Construction Data, founded over 30 years ago, serves the commercial construction industry with regionally focused commercial construction projects. “The acquisition of CNS expands our coverage area, brings us new products, new people and leverages our business for other similar expansion opportunities. We continue to expand with new market launches and great add-on acquisitions such as CNS,” said Bill Black, President of Construction Data.

About Construction Data:

Construction Data (www.cdcnews.com) is a leading provider of regionally focused information to the commercial construction industry. Founded in 1977, CDC has expanded to thirty-two states by providing comprehensive commercial construction project information and construction leads to its subscribers in web based formats. Construction Data is based in Vero Beach, Florida with over 300 employees and offices in Pennsylvania, North Carolina, Florida, Texas, Alabama and Illinois.

About CNS:

CNS is a provider of regionally focused information to the commercial construction industry in Michigan and Indiana. Founded in 1998 by Lloyd Monroe, CNS has expanded in Michigan and Indiana by providing its subscribers with a wide range of commercial construction project information on-line and via email. CNS is based in Wyoming, Michigan with over 12 employees.

Rua Associates, LLC, a West Michigan mergers & acquisitions firm, was the exclusive representative of the seller.


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