Calder Capital, LLC is pleased to announce the acquisition of Clark Engineering of Owosso, Michigan to Mechanical Power of Wauconda, Illinois.
Founded in 1946, Clark Engineering is a manufacturing company that specializes in the custom designing and high quantity production of rod, wire, and tube formed products. Clark Engineering utilizes its in-house operations such as machining, cold heading, threading, welding, forming, and coining to create its products from start to finish. The Company provides its services to industries such as lawn and garden, automotive, and medical.
Clark Engineering was purchased by Chad Heckler and Paul West in 2012. After successfully running the Company for 10 years, the pair decided it was time to transition Clark Engineering to new ownership in order to pursue other business opportunities.
Clark Engineering was purchased by Mechanical Power. Mechanical Power is a distributor of top-quality industrial parts such as bearings, sprockets, chains, fasteners, castings, forgings, pulleys, plastics, seals, and many more. Mechanical Power distributes its products to industries such as agriculture, automotive, packaging, material handling, industrial lawn, and industrial machining.
The acquisition of Clark Engineering was a strategic one for Mechanical Power, as it will enable the Company to produce some of the products that it distributes. Streamlining the process of production and distribution will allow Mechanical Power to deliver its customers’ products in an even more efficient and timely manner. Clark Engineering will continue to operate in Owosso, Michigan under its original name.
Brent LaLonde, President of Mechanical Power, has extensive experience in the manufacturing industry as well as in supply chain management. Since becoming President of Mechanical Power in 2018, he has led the Company in nearly doubling its size through elevating its marketing and growing its sales organically.
“When we came across this opportunity, I noticed that although Clark Engineering was lacking in marketing and driving sales, it had a wonderful foundation that would work in tandem with what we do at Mechanical Power. The two Companies will be able to work in a two-way synergy: Clark Engineering can now sell its products to Mechanical Power customers and vice versa. I look forward to better utilizing the skills Clark Engineering provides and taking its operations to the next level,” stated Brent LaLonde.
Garrett Monroe, Mergers and Acquisitions Advisor at Calder Capital, was the lead advisor on the transaction. He worked closely with Chad Heckler and Paul West to find the next successor for Clark Engineering.
Garrett Monroe stated, “Chad and Paul were clients worth fighting for – it is easy to tell why Clark Engineering is a staple in the wire forming world. Mechanical Power is the perfect buyer to take Clark Engineering to the next level!”
“Congratulations to Clark Engineering and the Mechanical Power on a synergistic transaction well-executed. It’s great to continue to see manufacturing transactions resurface post-COVID. We are looking forward to finishing out 2022 breaking records!” stated Max Friar, Calder’s Managing Partner.
Calder Capital, LLC served as the exclusive Mergers and Acquisitions Advisor to Clark Engineering.
The terms of the transaction were not disclosed.
