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Worldwide Diesel of Niles, MI Acquired by Individual Investor
Calder Capital is thrilled to announce that Worldwide Diesel of Niles, Michigan has been acquired by an individual investor.
Founded by Greg Ferrier in 2007, Worldwide Diesel is a diesel engine and parts distributor. The Company sells overhauled, re-built, new, and used engines. Ferrier's wife is a nurse, and as she was preparing for retirement in 2020, Ferrier wanted to retire at the same time so that they can travel and spend time together while they're both in good health. Ferrier engaged with Calder Capital in 2021 to facilitate the sale.
"I'm pleased to have found a successor with such business savvy," commented Ferrier. "I appreciate the hard work that Garrett Monroe and the Calder team put into finding the right buyer, and I wish Rich the best of luck going forward."
"It's not often that we see a business owner so effectively set their company up to operate through an ownership transition prior to engaging with us," remarked Garrett Monroe, lead sell-side advisor to Worldwide Diesel. "While Greg was still active in the business, the Company's well-trained staff and tight infrastructure afforded him substantial flexibility. This will make for a smooth transition for Rich and for the staff."
"A big congrats to Greg and Rich on a successful transaction and kudos to Garrett Monroe for closing #30 for Calder/SBDA in 2021!" stated Max Friar, Calder's Managing Partner. "Each closing is a feat in itself and the culmination of 30 in any year demonstrates our teams' grit, work ethic, and creativity!"
Calder Capital, LLC served as the exclusive Mergers and Acquisitions Advisor to Worldwide Diesel.
About Worldwide Diesel
Since 2007, Worldwide Diesel has been providing customers around the world with quality diesel engines and diesel engine parts at competitive prices. Located in Southwestern Michigan, the Company's 45,000+ square foot warehouse is always stocked with 300+ diesel engines and diesel engine parts from such brands as Caterpillar, Cummins, Detroit, Deutz, International, Isuzu, John Deere, Mack, Mercedes, Paccar, Volvo, and more. Worldwide Diesel carries a large selection of government surplus, used, remanufactured, and core engines. The Company also carries remanufactured blocks, camshafts, crankshafts, and heads; and good used take-off ECM's, injectors, jake brakes, oil pans, turbos, and other various parts. Each month, Worldwide Diesel sells and ships over 100 engines and parts worldwide.
Calder Capital, LLC