Harlo Products of Grandville, MI, Acquired by Borgman Capital of Milwaukee, WI

GRANDVILLE, Mich. - Aug. 1, 2025 - PRLog -- Calder Capital is excited to announce Harlo Products ("Harlo") of Grandville, Michigan, has been acquired by Borgman Capital of Milwaukee, Wisconsin.

Harlo offers several models of rough terrain forklifts, as well as related service parts and attachments, sold and leased through agricultural equipment dealerships across North America. In planning and executing an exit, Harlo Co-Owners engaged Calder Capital's Sell-Side Advisory team.

With Borgman Capital's partnership, Harlo gains access to additional resources and operational support to pursue new markets, expand capacity, and develop new products. The company will continue operating under the Harlo name with its current leadership in place and 54 employees.

"It is a meaningful milestone to transition our family business to new ownership," said Harlo CEO Mary Helen Crooks. "Our employees have given so much to this company, and we felt a deep responsibility to get this transition right. Borgman Capital understands what Harlo stands for and shares our values. Their track record working with companies like ours gave us confidence in their ability to support both our employees and customers in the years to come."

"It's an honor to carry forward the legacy of a business like Harlo, which has earned the trust of its customers over generations by manufacturing exceptional products," stated Sequoya Borgman, founder and CEO of Borgman Capital.

Matthew Baas (https://www.linkedin.com/in/mattbaas) of Calder Capital served as the Lead Mergers & Acquisitions Advisor to Harlo, aided by his colleague Jakob Simonds (https://www.linkedin.com/in/jakobsimonds) throughout the transaction process.

"Working with Matt, Jakob, and Calder Capital was a great experience," added Ben Axelrod, Managing Director of Borgman Capital. "Matt was a transparent communicator throughout, and Calder was professional. We have deep respect for the legacy Mary Helen and her family built at Harlo. From the start, we were inspired by the strength of the team, dedication of the workforce and their pride in the product, as well as the company's role in its community."

"Congratulations to Matthew, Jakob, Harlo, and Borgman Capital," noted Max Friar (https://www.linkedin.com/in/max-friar-calder-capital-mergers-acquisitions), Managing Partner of Calder Capital. "We're proud to have helped secure a legacy exit for our clients and a bright future for Harlo."

Calder Capital served as the Sell-Side (https://www.caldergr.com/our-services/for-sellers/) Mergers and Acquisitions Advisor to Harlo.

To learn more about Harlo please visit: Harlo.com.

To learn more about Borgman Capital, please visit: BorgmanCapital.com

About Calder Capital:
Founded in 2013, Calder Capital is a cross-industry mergers and acquisitions advisory firm with offices (https://www.caldergr.com/contact/) across the United States. Calder provides valuation (https://www.caldergr.com/our-services/business-valuations-appraisals/), sell-side (https://www.caldergr.com/our-services/for-sellers/), and buy-side (https://www.caldergr.com/our-services/buy-side-m-a-advisory-firm/) services. We are nationally recognized (https://www.caldergr.com/company-profile/awards-and-recognition/) for excellence in advising $1-100M enterprise value transactions in manufacturing (https://www.caldergr.com/industrial-manufacturing-m-a-business-broker/), construction (https://www.caldergr.com/construction-business-m-a-business-broker/), distribution (https://www.caldergr.com/wholesale-distribution-business-m-a-business-broker/), and business services (https://www.caldergr.com/service-business-m-a-business-broker/). Calder serves business owners, entrepreneurs, family offices, financial buyers, and investors. Learn more at www.CalderGR.com.