The owner of a “niche” machine shop in the area has sold his business to its general manager.
Jason Beecham has sold Zeeland-based Pi Optima Manufacturing Inc. to Kyle Snyder, according to Grand Rapids-based Calder Capital.
Snyder has been general manager of the company since 2017. Previously, he worked for Challenge Manufacturing, Port City Group and Dynamic Corp.
Pi Optima is a machine shop specializing in custom fixture solutions and magnesium machining with automotive and aerospace manufacturing customers nationwide.
Serial entrepreneur Jason Beecham purchased Pi Optima in 2015 and said he is ready to move on.
“Pi Optima is a well-established, niche company with a remarkable team, but it needed an owner that is involved in the operations on a day-to-day basis,” he said. “Given my other business commitments, I decided it was in the best interest of the company to divest.”
Snyder said he had been looking for an entrepreneurial opportunity and Pi Optima fit the bill.
“Once I came across Pi Optima, I knew that I could help make a difference at the company,” he said. “When I joined Pi, originally as general manager, things were a bit challenging, but Jason and I turned things around successfully, and the company is now stronger than ever.”
Ghazey Aleck, of Calder Capital, represented Pi Optima as lead mergers and acquisitions adviser.
Huntington Bank for provided financing for the transaction.
Pi Optima was the 16th transaction of the year for the Calder Capital/Small Business Deal Advisors team.