IBID County Electric Sold to Individual Investors
November 21, 2022
Calder Capital, LLC has announced the acquisition of IBID County Electric of Benton Harbor, Mich., a well-known electrical contractor in Southwest Michigan that was founded in 1969. IBID’s long-term customer base consists of some of the area’s largest employers including hospital systems, casinos, beverage companies, manufacturers, and retail big box stores.
The sellers of IBID County Electric, Rob Atherton and Pat Iliff, owned and operated IBID Electric since 2007 and, after many decades working in the industry, were ready to retire. The pair hired Calder Capital to find a qualified successor for the company, which turned out to be three individual investors: Nathaniel Burkett, Brooke Deems, and Brandon Beehner.
Pankaj Rajadhyaksha, the lead advisor on the transaction, worked closely with Atherton and Iliff to find a buyer for the Benton Harbor-based business.
Calder Capital, LLC served as the exclusive Mergers and Acquisitions Advisor to IBID County Electric. Terms of the transaction were not disclosed.