Calder Capital is excited to announce the successful acquisition of Lakeland Mills, Inc. of Edmore, Michigan by Individual Entrepreneurs of Anderson, Indiana, and of Bradford, Illinois.
Founded in 1928, Lakeland Mills has a long-standing reputation for producing unique rustic and log furniture products. The company sells to customers through retail stores and online dealers and is committed to sustainable practices, ensuring no forests are thinned or leveled to source the natural wood used in their furniture. Following 30+ years of service, Calvin Hunt and his wife, Theresa, engaged Calder Capital’s Sell-Side team to find a successor.
The individual entrepreneurs bring expertise in handcrafted rustic furniture and furniture made from reclaimed and sustainable woods, making them a natural fit for Lakeland Mills’ unique product line.
This strategic acquisition will enable the individuals to enter the indoor furniture market, complementing their existing outdoor furniture offerings and expanding their product lines.
Sam Scharich of Calder Capital served as the exclusive M&A Advisor to Lakeland Mills. Calder’s Sell-Side team sent CIMs to 82 qualified buyers and secured 6 serious offers for the business.
“Congratulations to Calvin, Theresa, and the buyers on their successful strategic manufacturing acquisition,” noted Calder Founder Max Friar. “This year, we have seen a resurgence of small manufacturing acquisitions and it’s always great to get one done in the niche furniture space.”
“It was great working with Sam and Calder Capital. We would not hesitate to recommend them,” Theresa commented.
Calder served as the Exclusive M&A Advisor to Lakeland Mills.
About Lakeland Mills, Inc.
Founded in 1928 in Edmore, Michigan, Lakeland Mills produces unique rustic and log furniture products. The company is committed to sustainability, ensuring that no forests are leveled or thinned for the wood used in its furniture. Lakeland Mills sells its products through retail stores and online dealers.
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.