Ajax Defense of Louisville, KY, Acquires BiTec of Dayton, OH
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DAYTON, Ohio - OhioPen -- Calder Capital, a nationwide mergers and acquisitions advisory firm, is thrilled to announce the successful acquisition of BiTec of Dayton, Ohio by Ajax Defense of Louisville, Kentucky.

Ajax Defense ("Ajax"), founded in 2022 and headquartered in Louisville, Kentucky, is a veteran-owned holding company focused on acquiring and investing in U.S. defense and aerospace businesses. CEO Patrick Malcor engaged Calder's Buy-Side team to find an acquisition that aligned with its long-term vision.

BiTec, formerly owned by Mike Rees, is a manufacturing company specializing in aerospace and defense components. BiTec has built a strong reputation for delivering complex machined components and advanced composite lay-up parts.

Malcor stated, "We're excited about working with the experienced team of professionals at BiTec and helping them continue their growth and development."

Patrick Robey of Calder Capital served as the Lead Mergers & Acquisitions Advisor to Ajax Defense. Serving as Directors were Hannah Nabhan and Parker Schaap of Calder Capital.

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Calder's Buy-Side team generated 38 off-market seller introductions, leading to 23 client pursuits, seven offers on unique businesses, and resulted in the successful acquisition of BiTec.

Malcor commented, "Calder Capital is a truly integrated part of the Ajax Defense team."

Rees said, "My experience working with Calder Capital was excellent. Previously, I would typically get 3-4 calls per month from people looking to buy my company and I always told them I was not interested. When Parker Schaap initially made contact, I was still not ready. However, Parker immediately had a much less presumptuous approach than the others. I asked him to call me back in 6 months. After putting him off a second time, I decided to slowly move forward with the possibility of selling. Parker was extremely patient and knowledgeable, and he made the effort to understand my business before suggesting I meet with Mr. Malcor."

Sam Scharich, Calder's Buy-Side Managing Director, mentioned, "Aerospace manufacturing continues to be an attractive and highly competitive sector, which is exactly why an off-market, relationship-driven approach can create real advantages for buyers. We look forward to working with their team on more opportunities ahead."

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Calder Capital served as the Exclusive Buy-Side (https://www.caldergr.com/our-services/buy-side-m-a-advisory-firm/) Mergers and Acquisitions Advisor to Ajax Defense.

To learn more about Ajax Defense, please visit www.Ajax-Defense.com.

To learn more about BiTec, please visit www.TrifectaGroupMfg.com.

About Calder Capital:
Calder is a cross-industry mergers and acquisitions advisory firm with offices across the United States. Calder provides valuation, sell-side, and buy-side services. We are nationally recognized for excellence in advising $1-100M enterprise value transactions in manufacturing, construction, distribution, and business services. Calder serves business owners, entrepreneurs, family offices, financial buyers, and investors. Learn more at www.CalderGR.com.

Contact
Brandon Sinclair
***@caldergr.com


Source: Calder Capital
Filed Under: Manufacturing

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