Press Release (ePRNews.com) - HOLLAND, Mich. - Dec 03, 2020 - Calder Capital, LLC is proud to announce the successful acquisition of Central Oil Co. of Warren, MI by Major Brands Lubricants & Oil of Holland, MI.
Owned and managed by second-generation owners Kyle and Justin Klingenberg, Major Brands has had over 30 years of steady and measured growth, resulting in one of the premier branded lubricants and oil distribution suppliers in the country.
Central Oil is focused on providing customers with the highest quality coolants, lubricants, oils, and specialty chemicals products in the fastest and most cost-effective manner possible, making it an exceptional addition to Major Brand Oil. Central Oil offers SE Michigan and Ohio geographic and strategic marketing positioning from a distribution footprint perspective, while also growing Major Brand’s presence in diversified industrial lubricants. Additionally, Central offers blending and mixing capabilities previously not in-house at Major Brands.
Central Oil and Major Brands have been in talks for the last year and a half, and although there were some minor delays due to the current COVID-19 pandemic, the owners of the two companies were able to work toward a mutually beneficial closing in November.
Incorporated in 1981, Major Brands Oil Company continues the tradition of a Michigan family business. It began as a husband and wife company, distributing Quaker State in West Michigan, and grew quickly into a national distributor of multiple top-name brands. The Company is now owned by the sons of the original owners and continues to grow rapidly.
After evaluating many potential acquisitions brought forth by Calder, Major Brands was impressed by Central Oil’s specialty chemical inventory, in-house delivery fleet, and accessibility to lower Michigan, Ohio, and Indiana. Patrick Robey, the lead advisor to Major Brands, commented on the acquisition, “Central Oil checked the right boxes for Major Brands in terms of growth objectives, size and undertaking, and strategic direction. Both companies share a vision of putting customer service first while providing top-quality products and making environmental conscientiousness a priority. As a bonus, Central Oil is also Michigan-based, making it close to home.”
Calder Capital, LLC served as the M&A Advisor for Major Brands Lubricants & Oil. The Klingenbergs are co-owners of Performance Plus, which has also made successful acquisitions with Calder’s support. Based on this experience, the Klingenberg team knew they could count on Calder in making a strategic acquisition for Major Brands.
The acquisition marks a record 32 successfully closed deals for the firm in 2020.
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Calder Capital, LLC