August 2019 – Calder Capital, LLC is pleased to announce the sale of Pi Optima Manufacturing, Inc. of Zeeland, Michigan to an individual investor. Pi Optima is a niche machine shop specializing in custom fixture solutions and magnesium machining. Pi’s customers consist of automotive and aerospace manufacturers nationwide.
Serial entrepreneur Jason Beecham purchased Pi Optima in 2015. Regarding the motivation to sell, he stated, “Pi Optima is a well established, niche company with a remarkable team but it needed an owner that is involved in the operations on a day-to-day basis. Given my other business commitments, I decided it was in the best interest of the company to divest of it.”
“I hired Calder in 2016 and they found a buyer for me right away, but for a variety of reasons, we were not able to get the deal across the finish line until recently. The guys at Calder never gave up on the process.”
The buyer, Kyle Snyder, stated “I had been searching for an opportunity to invest in a West Michigan manufacturing business for a while. Once I came across Pi Optima, I knew that I could help make a difference at the Company. When I joined Pi (originally as General Manager), things were a bit challenging, but Jason and I turned things around successfully and the company is now stronger than ever.”
Max Friar, Managing Partner of Calder Capital, noted, “I really hold the entire team – Jason and Kyle of Pi Optima, Mike Moraw of Huntington Bank and Ghazey Aleck of Calder – in high esteem for sticking through thick and thin to make this transaction a reality. It’s rare for a buyer and seller to reach agreement within months, and then have to wait years for the deal to become official. I really appreciate everyone’s dedication and I continue to be amazed at our team and our clients’ willingness to forego the path of least resistance to make this transaction a reality.”
Calder Capital represented Pi Optima as its exclusive Mergers and Acquisitions Advisory firm. Ghazey Aleck served as the lead advisor to Pi Optima. Pi Optima was the 16th transaction of the year for the Calder Capital/Small Business Deal Advisors team.
A big thanks to Mike Moraw and John Burmeister II from Huntington Bank for providing financing for the acquisition.
Thanks to the Grand Rapids Business Journal for the nice write-up!