Industrial Quick Search of Grand Rapids, MI, Acquired by Independent Sponsor of Richmond, VA
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RICHMOND, Va. - Virginir -- Calder Capital announces the sale of Industrial Quick Search of Grand Rapids, Michigan, to independent sponsor Amit Jain of Richmond, Virginia.

Founded by Mike Meiresonne in 2000, IQS is a leading industrial sourcing and digital marketing platform serving manufacturers, distributors, and industrial suppliers. As Mike began planning for retirement and exploring new ventures, he engaged Calder's Sell-Side team to identify the right qualified buyer.

Mike Meiresonne's engagement led to Calder Capital marketing and advising the sale of IQS to Amit Jain.

Amit Jain is an accomplished technology investor and independent sponsor. Jain was actively seeking to acquire a technology-enabled business with a proven market position, recurring customer relationships, and meaningful growth opportunities.

Mike commented, "After more than two decades building Industrial Quick Search, I look forward to pursuing new ventures at my leisure and pace. IQS has been a major part of my life since 2000, and I'm proud of what our team has built. With Amit Jain leading IQS, I am certain that IQS will continue to grow and serve industrial suppliers and buyers well into the future."

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Matthew Baas and Jake McDonald of Calder Capital served as the Advisors to IQS. Serving as Analyst was Nick Browning of Calder Capital, with additional advisory support by Matt Meiresonne of Grey Glacier.

Calder's Sell-Side team generated strong market interest during the sale process, with 309 Confidential Information Memorandums distributed to qualified buyers, and twenty-three indications of interest received, and the buyer pool was narrowed down to Calder ultimately obtaining multiple letters of intent to review. The Letter of Intent was executed in February, and Calder successfully closed the transaction in June. IQS closed within 4 months of signing the letter of intent.

Jain commented, "Calder Capital was incredibly professional, consistent, and thorough. Their responsiveness to diligence questions and deal negotiations was fantastic, helping the Seller and me move forward efficiently through the process. I really appreciated their communication and process management from first signing the NDA all the way through the deal closing. They were knowledgeable and engaged in all facets of the deal."

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Calder Capital served as the Exclusive Sell-Side Mergers and Acquisitions Advisor to Industrial Quick Search with Miles Greengard serving as legal counsel. Additional advisory support was provided by Matt Meiresonne of Grey Glacier.

Learn more about Industrial Quick Search at www.IQSDirectory.com.

About Calder Capital:
Founded in 2013, Calder Capital is a cross-industry mergers and acquisitions advisory firm with offices across the United States. Calder provides valuation, sell-side, and buy-side services. We are nationally recognized for excellence in advising $1-100M enterprise value transactions in manufacturing, construction, distribution, and business services. Calder serves business owners, entrepreneurs, family offices, financial buyers, and investors. Learn more at www.CalderGR.com.