Walker-based Laser Access recently was acquired by the joint venture of Grand Rapids-based Blitzblow USA and Twinsburg, Ohio-based U.S Advanced Systems. Courtesy Laser Access
A local company that provides laser cutting, assembly and welding services was acquired by a new joint venture and is investing $1.6 million to expand its current facility.
Walker-based Laser Access recently was acquired by the joint venture of Grand Rapids-based Blitzblow USA — a third-generation, tier-one fabricator serving the defense industry — and Twinsburg, Ohio-based U.S Advanced Systems, according to The Right Place and Calder Capital.
The new joint venture is led by Assy Okanin, who is co-owner and the president of Laser Access, and Andrew Picard, its partner and the general manager.
Terms of the deal were not disclosed.
Founded in 1999, Laser Access is a privately held company that provides five-axis laser cutting, flat laser cutting, forming, assembly and welding services to sheet metal fabrication companies and OEMs.
It supplies the aerospace and automotive industries and is competing for new opportunities in the defense market.
The company employs 28 people at its location at 3691 Northridge Drive NW, Suite 10, in Walker.
Following the transaction, the company will be investing $1.6 million into an expansion of the Walker facility.
“We are looking forward to continuing the growth of Laser Access in the Walker community by adding new technologies and by merging the design, engineering and manufacturing capabilities of the new ownership companies into the outstanding team, culture and experience of Laser Access,” Okanin said.
Birgit Klohs, president and CEO of The Right Place, said her organization was happy to keep Laser Access local.
“Many local companies are facing leadership transitions,” she said. “These transitions can potentially put a company’s future growth in the region into question. We are pleased to have been able to connect Laser Access with new ownership committed to investing in the greater Grand Rapids region, and we look forward to helping them grow in Walker.”
Laser Access was represented for sale by Calder Capital, a Grand Rapids-based mergers and acquisitions firm.
The Right Place’s senior business development manager, Eric Icard, connected Okanin to the opportunities available through Calder Capital, which resulted in retaining Laser Access in Walker.