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DELTA Services of Indianapolis, IN, Acquired by Octane Management Company of West Homestead, PA

TelAve News/10890904
INDIANAPOLIS - TelAve -- Calder Capital, a nationwide mergers and acquisitions advisory firm, announces the successful sale of DELTA Services, Inc. of Indianapolis, Indiana, to Octane Management Company, LLC of West Homestead, Pennsylvania.

Owned and operated by the husband and wife team of Mike and Annette Honan, DELTA Services, Inc. is a environmental and demolition specialty contractor serving customers throughout Indiana. After more than 20 years of successfully leading the Company, Mike and Annette were ready to pursue retirement and spend more time traveling. To ensure a thoughtful transition, the Honan's engaged Calder Capital's Sell-Side team to identify a strategic buyer who aligned with DELTA's values and long-term vision.

Kregg Kiel of Calder Capital served as the Mergers & Acquisitions Advisor to DELTA Services, Inc. Supporting the acquisition was Riley Hagen of Calder.

Calder generated strong market interest during the sale process, with 310 Confidential Information Memorandums (CIMs) distributed to qualified buyers, 13 indications of interest received, and four letters of intent reviewed. The company closed within four months of signing the letter of intent.

Annette Honan commented, "Calder Capital and specifically Kregg Kiel was a very positive experience. Kregg demonstrated a strong understanding of the process and provided steady guidance. He was always available to answer questions and assist in navigating some difficult times. The overall experience of negotiating between both parties was incredibly smooth and made the complex transaction come to fruition."

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"From the buyer's side, working with Kregg was GREAT! He was a pleasure to work through the process with all the way to close," remarked Ditson. "OMCLLC had taken a run at DELTA Services Inc. two times prior to the successful outcome and through it all Kregg stayed 'in the game,' encouraging me to stay in touch with the opportunity. As a result of Kregg's willingness to respond to my continued and persistent follow up communication about DSI's availability, I was able to stay engaged and followed the company for over a year. Absent his willingness to remain in touch, I may have let this one go. All in all, Kregg is a 'deal doing' resource for Calder and in general a great person!"

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

To learn more about DELTA Services, Inc., please visit www.DELTAServicesInc.com.

To learn more about ABMECH Acquisitions, LLC, please visit www.AbmechLLC.com.

About Calder Capital:

Founded in 2013, Calder 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-...), sell-side (https://www.caldergr.com/our-services/for-sellers/), and buy-side (https://www.caldergr.com/our-services/buy-side-...) services. We are nationally recognized (https://www.caldergr.com/company-profile/awards...) for excellence in advising $1-100M enterprise value transactions in manufacturing (https://www.caldergr.com/industrial-manufacturi...), construction (https://www.caldergr.com/construction-business-...), distribution (https://www.caldergr.com/wholesale-distribution...), and business services (https://www.caldergr.com/service-business-m-a-b...). Learn more at www.CalderGR.com.

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Calder Capital
***@caldergr.com


Source: Calder Capital

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