Calder Capital, a leading national M&A firm, is pleased to announce the acquisition of Lloyd’s Cabinet Shop of Pinconning, Michigan by Strategic Investor, Ken Harris, of Ontario, Canada.
Founded in 1961, Lloyd’s Cabinet Shop specializes in manufacturing and installing bespoke cabinets for residential spaces, focusing on kitchens and bathrooms. Over the last 24 years, Ken Selle, the son of founder Lloyd Selle, has upheld the company’s legacy of quality craftsmanship following his father’s retirement in 2000. Ken and his wife Julie, ready to pursue retirement of their own, engaged Calder Capital to find a successor.
Ken Harris, founder of Amherst Supply and Superior Engineered Wood Products in Ontario, Canada, sought to extend his brand into the U.S., leading to the acquisition of Lloyd’s Cabinet Shop. Superior Engineered Wood Products specializes in wood truss fabrication, while Amherst Supply is a building and hardware supplier. This strategic move with Lloyd’s, known for its hand-crafted cabinetry, aligns with Harris’s expansion goals.
Scott Nicholson of Calder Capital served as the Lead Mergers and Acquisitions Advisor to Lloyd’s Cabinet Shop.
Lloyd’s launched to market on March 7th, saw interest from 45 qualified buyers, had an offer accepted by August 4th, and concluded the acquisition on January 1st.
“Congratulations to both Ken Selle and Ken Harris! Their deep understanding of the business and shared life experiences fostered a great rapport, making the transaction process smooth and straightforward. It’s always rewarding to see such synergy in a deal,” commented Scott.
Calder Managing Partner Max Friar stated, “Congratulations to the Lloyd’s team, Amherst Supply and Superior Engineered Wood Products, and Advisor Scott Nicholson on a successful transaction! The ability of Calder to successfully source an international buyer for a business located in a relatively remote location is a testament to our marketing reach. As Calder grows, we will continue to demonstrate that marketing prowess supersedes industry expertise in every instance. The winds of the M&A markets are dynamic and being in front of buyers when they are looking is a winning strategy every time.”
About Lloyd’s Cabinet Shop
Founded in 1961, Lloyd’s Cabinet Shop has established itself as a specialist in hand-crafted, custom cabinetry for residential spaces, particularly kitchens and bathrooms. The business, now a team of 12 skilled employees, was originally founded by Lloyd Selle. Ken, Lloyd’s son, had been involved with the company since his childhood, bringing a lifetime of experience and dedication to the craft. Rooted in Bay County, MI, Lloyd’s Cabinet Shop is a testament to a family’s legacy in delivering quality and custom cabinetry solutions for homes.
About Calder Capital, LLC
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.