Calder Capital is thrilled to announce the successful acquisition of Hi-Tec Building Services, Inc. headquartered in Jenison, Michigan by 4-M Building Solutions of St. Louis, Missouri.
Founded in 1990, Hi-Tec Building Services provides cleaning and facilities management throughout Michigan, focusing on educational, commercial, and medical facilities. Brian Hogan joined the company near its inception and was instrumental in building Hi-Tec into the company it is today. Buying out his partner in 2008, Brian then focused on developing talent to lead the business into the future. Retiring in 2019, Brian left day-to-day operational leadership in the hands of Holly Andrews, who as CEO led the company through the challenges of the pandemic and ultimately attracted the attention of dozens of interested acquirers. Hi-Tec engaged Calder’s Sell-Side team to help lead the team through a sell-side process and find the perfect partner to carry on the Hi-Tec legacy of customer service, quality, and teamwork.
“I feel blessed to be at this point in my life where I have the choice to enjoy retirement,” Brian shared with potential buyers. “I have immense love for the people who have been dedicated and loyal by taking the same level of ownership in Hi-Tec that I have. I have always allowed the company to operate by not interrupting its structure or culture which has been the heartbeat of the people. This has been our true key to success. This has been 33 years of my life and I am proud of what I have created and built.”
Founded in 1978 and headquartered in St. Louis, Missouri, 4-M Building Solutions is a comprehensive provider of cleaning, janitorial, housekeeping, and disinfection services. With operations across 26 states in the Midwest, Northeast, and Southeast, the company employs over 5,700 team members who deliver eco-friendly cleaning services to 186 million square feet of space. The addition of Hi-Tec Building Services is a seamless and strategic fit for 4-M Building Solutions.
“4M is firmly in growth mode, but for us, the success of acquisitions lies in the quality and alignment of each partnership,” said Tim Murch, CEO of 4M. “We like to be considered the acquirer of choice, and we enjoy the opportunities to work with businesses like Hi-Tec Building Services that share our commitment to fostering a strong culture, prioritizing customer satisfaction, and excelling in our industry. We particularly admire Hi-Tec’s strong focus on safety, which perfectly mirrors our value of Safety Excellence.”
Jakob Simonds, Whit Webster, and Andrew Williams of Calder Capital served as the lead M&A advisors on the transaction. The Calder Capital team attracted the attention of nearly 500 qualified buyers, securing 53 offers.
“Being able to bring so many buyers to the table allowed the folks at Hi-Tec to pick the best partnership fit for the management team going forward while delivering a significant increase in value for the business,” commented Whit Webster.
“Hats off and a big thank you to Calder Capital for what I consider a stress-free process for selling Hi-Tec Building Services,” noted Brian Hogan. “The team of Whit Webster, Andrew Williams, and Jakob Simonds were on point through every step of the sale. They made sure I had no surprises and when something came across their plate, it was communicated and given 100% attention. Calder has systems and protocols and they are very, very good at it! Thank you to everyone at Calder Capital who touched this acquisition.”
“Congratulations to the Hi-Tec and 4-M teams on this successful partnership,” stated Calder Founder Max Friar. “Hi-Tec was an attractive offering on the market, and our team – Whit, Andrew, Jakob, and Calder’s Central Services – made sure that no stone was left unturned to find the best fit for Hi-Tec. Calder’s ability to attract 53 offers to a single opportunity is a testament to our continued investment in buyer recruitment and ability to effectively create robust marketplaces for clients across the broad industries of business services, industrial, distribution, and construction.”
“Andrew Williams, Whit Webster, Jakob Simonds, and the Calder Capital team demonstrated exceptional ability to collaborate effectively with our team, resolving any issues promptly and ensuring an efficient and seamless transaction process,” commented Andrew Rust, Head of Corporate Development at 4-M. “Their professionalism and dedication were key factors in the success of this acquisition.”
Calder Capital served as the Exclusive Mergers & Acquisitions Advisor to Hi-Tec Building Services. Fred Schubkegel of Varnum served as legal counsel to Hi-Tec Building Services, and Casey Young of Stonehenge served as their CPA.
About Hi-Tec Building Services, Inc.
Founded in 1990 by Steve Lemmon, Hi-Tec Building Services provides cleaning and facilities management throughout Michigan, focusing on educational, commercial, and medical facilities. Under the ownership of Biran Hogan since 2008, Hi-Tec has grown to a dedicated team of over 500 employees and 6 locations.
About 4-M Building Solutions
Founded in 1978, 4-M Building Solutions is a full-service cleaning, janitorial, housekeeping, and disinfection services company headquartered in St. Louis, MO. The company’s operations span 26 Midwest, Northeast, and Southeast states. More than 5,700 team members provide daily environmentally friendly cleaning to 186 million square feet of space in corporate owner-occupied facilities, multi-tenant office buildings, and facilities supporting industrial and manufacturing, logistics, distribution, education, healthcare, and senior living.
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.
