Business and financial overview
Company and proposed perimeter
Calder Industrial Supply LLC distributes industrial maintenance, repair and operations products from two branches in central Ohio. Customers include regional manufacturers, plant maintenance teams and contractors. The operation combines recurring replenishment orders with urgent replacement parts. During FY2025 the business invoiced 720 active customer accounts.
The owner is seeking $25.000m enterprise value on a cash-free, debt-free basis, with normalized operating working capital included. The proposed acquisition covers Calder Industrial Supply LLC. Calder Field Services LLC is excluded; it is a separate legal entity under common ownership using the group's shared purchasing administration.
| Product group | FY2025 sales ($m) | Share |
|---|---|---|
| Industrial MRO parts and consumables | 18.700 | 55.0% |
| Safety and facility products | 8.500 | 25.0% |
| Fluid handling and related components | 6.800 | 20.0% |
| Total | 34.000 | 100.0% |
The largest customer contributed $3.740m, or 11.0%, of FY2025 revenue. The ten largest customers, including that customer, contributed $11.560m, or 34.0%. These figures reflect invoiced sales, without adjustment for customer profitability.
Historical financial summary
| USD millions | FY2024 | FY2025 |
|---|---|---|
| Revenue | 31.600 | 34.000 |
| Cost of goods sold before vendor incentives | (25.000) | (26.650) |
| Vendor incentive credits | 0.180 | 0.450 |
| Cost of goods sold, net | (24.820) | (26.200) |
| Gross profit | 6.780 | 7.800 |
| Cash operating expenses | (4.080) | (4.200) |
| Reported EBITDA | 2.700 | 3.600 |
| ERP implementation adjustment | 0.000 | 0.180 |
| Owner personal expense adjustment | 0.120 | 0.120 |
| Management adjusted EBITDA | 2.820 | 3.900 |
Cash operating expenses exclude depreciation, amortization, interest and tax. The FY2025 vendor incentive line includes the year-end Aster Industrial Components accrual of $0.450m. The matching rebate receivable was outstanding at December 31, 2025. The FY2024 vendor-benefit line is the aggregate balance across that year's vendor programs.
Management adjustments
The $0.180m ERP adjustment comprises implementation, data-conversion and cutover professional services expensed during Q2 and Q3. The ongoing software subscription is excluded from the adjustment. Implementation was completed during FY2025.
The $0.120m owner adjustment comprises personal expenses recorded in operating costs at $0.030m per quarter. Those expenses have ceased and require no replacement expenditure. The quarterly financial schedule provides the period allocation.
Submission
The financial summary and quarterly management schedule are provided for an initial indication of interest. Customer contracts, a full cash-flow forecast, historical capital expenditure, a proposed working-capital peg and vendor-program confirmations are not part of this submission.