Calder Capital is thrilled to announce the successful acquisition of OJS Building Services, Inc. of Mishawaka, Indiana by Mno-Bmadsen of Dowagiac, Michigan.
Led by Steve Meyer since 2007, OJS Building Services, known as “OJS”, has established itself as a leading mechanical and building systems automation contractor with locations in Mishawaka and Indianapolis, Indiana. OJS provides three main services: building automation installation and service, HVAC equipment replacement, and HVAC equipment maintenance.
After more than 40 years of innovation in the industry and 15 years of commitment to expanding OJS, Steve Meyer decided to engage Calder Capital to facilitate his retirement, ensuring the legacy of OJS would continue under capable new leadership.
Mno-Bmadsen promotes economic self-sufficiency through the acquisition of profitable, sustainable companies. Mno-Bmadsen offers a wide array of services, including architecture, engineering, environmental mitigation, construction, and more, serving diverse markets to support the Pokagon Band Tribe’s growth and sustainability goals. The recent acquisition of OJS Building Services expands Mno-Bmadsen’s building services capabilities and extends its reach into Indiana, aligning with its vision to enhance economic resilience for future generations of the Pokagon Band.
“This acquisition offers a unique opportunity to grow our largest portfolio company, DA Dodd, by adding and expanding the services we provide and keeping and building on the excellent reputation OJS Building Services has built in the area,” noted Julio Martinez, CEO of Mno-Bmadsen. “As the non-gaming investment arm of the Pokagon Band of Potawatomi, investments in their ancestral lands provide an important reminder that the Pokagon people have lived in the area for generations and are proud to be part of the growth and success of Mishawaka”.
Matt Uhl of Calder Capital served as the lead Mergers and Acquisitions Advisor to OJS Building Services, Inc.
The Calder Capital team attracted the attention of 116 qualified buyers and secured 5 offers.
“We have worked with Calder before and have always come away satisfied with the high level of service and sophistication,” Julio noted. “In this transaction, Matt Uhl was instrumental in getting this deal done. He represented his client well and facilitated the flow of information and communication accurately and expeditiously”.
“We’re thrilled to have guided the strategic acquisition of OJS Building Services,” Matt commented. “This deal continues the legacy of a family-founded business under the new stewardship of a respected tribal entity. It represents a perfect synergy between preserving a legacy and fostering growth. Congratulations to all parties!”
“Congratulations to OJS and Mno-Bmadsen on a successful transaction,” stated Calder Founder Max Friar, “Calder remains committed to the construction M&A space and this deal serves as another competitive and successful notch in our belt. We are very happy for Steve, his team, and the Pokagon Band, and wish them the best of success going forward!”
Calder Capital, LLC served as the exclusive Mergers and Acquisitions Advisor to OJS Building Systems. Amanda Zaluckyj of Athora Law served as legal counsel to OJS Building Systems. Fred Schubkegel and Elliott Berlin of Varnum Law served as legal counsel to Mno-Bmadsen.
The terms of the transaction were not disclosed.
About OJS Building Systems, Inc.
OJS, established in 2007 by Steve Meyer, evolved from his family’s original construction business, OJ Shoemaker, which dates back to the 1920s. OJS specializes in three primary services: building automation installation and service, HVAC equipment replacement, and HVAC equipment maintenance. The company has two locations with 25+ employees.
About Mno-Bmadsen
Launched in 2012, Mno-Bmadsen is a wholly owned instrumentality of the Pokagon Band of Potawatomi Indians of Michigan and Indiana, and independently managed with the mandate to diversify the Tribe’s business interests, revenue streams, and wealth for future generations. The Mno-Bmadsen family of operating companies are organized under six actively managed investment portfolio sectors including Professional Services, Construction Services, Manufacturing Services, Commercial Real Estate Services, Retail Services, and Passive Investment Holdings. Mno-Bmadsen also has a number of real estate investments including several mixed-use properties, and a hotel. More information is available at www.mno-bmadsen.com.
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.
