Doeren Mayhew Capital Advisors (DMCA), a leading Michigan investment bank, advised Gage Corporation, a remanufacturer of chemical waste, in securing a control equity investment with private equity firm Center Rock Capital Partners. The transaction was alongside management, ensuring leadership continuity and future growth.
Headquartered in Ferndale, Michigan, Gage is a third-generation, family-owned company with operations in North America, South America, Europe and Asia. A refiner of chemical waste and “off-spec” solvent streams to original product specifications, the company is one of the nation’s first verified recyclers of hazardous secondary material from paint-system waste material and the first verified recycler in the state of Michigan.
“It’s always rewarding to help a multi-generational business transition to the next phase and meet their exit goals,” said Jennifer Mailhes, a DMCA managing director. “With the Gage management team remaining on board to continue running the business, there were several wins in this transaction, and seeing the next generation and key team members take part is one of them.”
A longtime client of DMCA’s affiliate CPA firm, Doeren Mayhew, Gage engaged the Michigan investment bankers at DMCA to act as exclusive advisors to assist with facilitating discussions, negotiating the purchase agreement, structuring the transaction and supporting the overall process.
