Elkhart, Ind.-Based Assembly Masters Under New Ownership – RVBusiness – Breaking RV Industry News
ELKHART, Ind. – Calder Capital announced the successful acquisition of Assembly Masters Inc., of Elkhart, Ind., by Bay Motor Products, headquartered in Traverse City, Mich.
Founded in 2000, Assembly Masters is a well-established manufacturer specializing in custom cable assemblies, wire harnesses, and electromechanical assemblies to their customers in the United States, Canada, and Mexico, according to a release.
To secure a successor as they approached retirement, co-owners of Assembly Masters, Deb Walters and Larry “Joe” Gennicks II engaged Calder’s Sell-Side team.
“After over two decades of building Assembly Masters, Joe and I knew it was time to transition the business to new ownership,” said Deb Walters. “We believe Bay Motor Products is the right fit to carry our legacy forward.”
Bay Motor Products, founded in 1982, is a leading manufacturer of electric motors and blowers for various industries, including HVAC, food equipment, and industrial applications.
“Acquiring Assembly Masters aligns perfectly with our long-term strategic vision,” commented Andy Robitshek, President of Bay Motor Products. “We are excited to welcome their talented team into our organization.”
Jakob Simonds served as the lead Mergers and Acquisitions Advisor to Assembly Masters.
Calder Capital’s Sell-Side team garnered significant interest, resulting in 271 CIMs sent to qualified buyers and numerous offers received, ultimately leading to Bay Motor Products emerging as the ideal buyer.
Andy Robitshek noted, “Calder Capital provided invaluable, professional guidance. Their team made this acquisition seamless, and we look forward to working with Assembly Masters’ talented team to achieve new milestones.”
Joe Gennicks stated, “Calder Capital worked tirelessly to make this sale a reality.” Deb Walters added, “Jakob was wonderful to work with. Both Joe and I really appreciate his guidance and wisdom through this process. We are grateful for the level of care Calder Capital brought to the table and we are glad we partnered with them.”
“We are honored to have represented Deb and Joe in this transaction,” said Max Friar, Managing Partner of Calder Capital. “We are confident that Bay Motor Products will build upon this foundation and drive future growth.”
Calder Capital, LLC served as the exclusive sell-side Mergers and Acquisitions Advisor to Assembly Masters.
