Calder Capital is proud to announce that Bellingar Packing & Specialty Meats of Ashley and St. Johns, Michigan has been acquired by an individual investor, Josiah Heikoop.
Founded in 1977, Bellingar Packing & Specialty Meats is a custom meat processing plant and retail store. The company specializes in processing beef, pork, venison, lamb, and goat, and offers a diverse selection of fresh, specialty meats. Over the past 45+ years, the company has expanded to include 34 employees and two locations in Central Michigan. Mike Bellingar, the second-generation owner, has been the sole owner since 1991. Ready for retirement, Mike engaged Calder Capital to identify a successor for this family-owned business.
“I am looking forward to spending more time at home and spending time with my children and grandchildren who live out of state,” Mike shared.
Josiah Heikoop, based in Ada, Michigan, has been working in the meat processing industry since 2009. His most recent role was as the Quality Manager for West Michigan Beef, where he gained extensive experience in meat processing and USDA compliance. Recognizing a valuable opportunity to expand the USDA custom meat processing industry in Michigan, Josiah took the strategic step of acquiring Bellingar Packing & Specialty Meats to bring his vision to life.
Ghazey Aleck and Cody Leiter of Calder Capital served as the lead Mergers and Acquisitions Advisors to Bellingar Packing & Specialty Meats.
“Working with Ghazey and Cody was great,” Mike commented. “They were very informative, their communication was great, and they are very good at what they do. Working with Calder Capital led to multiple offers and that let me pick the best option for my needs.”
“This was a great transaction with amazing people on both sides of the deal,” commented Cody. “Both the buyer and seller of Bellingar demonstrated exceptional teamwork and determination throughout the process, overcoming various challenges. The future of Bellingar is poised for success, thanks to the outstanding efforts of Mike and Josiah.”
“Congratulations to Josiah and the Bellingars on a successful transaction and transition,” commented Calder Managing Partner, Max Friar. “The Bellingar transaction demonstrates the power of Calder’s buyer sourcing capabilities in finding an individual entrepreneur with specific industry expertise to become the next generation of entrepreneur.”
Calder Capital, LLC served as the exclusive Mergers and Acquisitions Advisor to Bellingar Packing & Specialty Meats.
The terms of the transaction were not disclosed.
About Bellingar Packing & Specialty Meats
Bellingar Packing & Specialty Meats is a custom meat processing plant and retail store. The company specializes in processing beef, pork, venison, lamb, and goat, and offers a diverse selection of fresh, specialty meats. Bellingar was founded in 1977 as a custom meat processing plant by Mike Bellingar’s parents. In 1991, he took over ownership from his parents and continued on as full owner. In 2016, Mike opened the Company’s retail location.
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.