Long-time industrial supplier sells to company
A 144-year-old industrial supplier in the region has been sold to a local company.
JCT Industries, an affiliate of Grand Rapids-based Nemic Industrial Supply, has purchased Benton Harbor-based Brammall Supply, one of the oldest industrial suppliers in the state.
Brammall had been owned by three generations of the Ankli family since 1940.
Terms of the deal were not disclosed.
Grand Rapids-based Calder Capital served as M&A advisor to Brammall Supply.
“While we had the opportunity to sell to larger companies, ultimately, we made the decision to sell to Nemic Industrial Supply,” said Ken Ankli, the former president of Brammall Supply. “Nemic has a similar history of being family owned and client-centric. Their decision to keep Brammall as an independent entity that will continue to serve its clients locally was an important factor in our decision.”
The acquisition extends JCT Industries’ footprint to southwest Michigan.
JCT Co-Owner Jason Nemic said Brammall Supply’s reputation in the region played a key role in JCT’s decision to purchase the company and maintain its independent operation.
“We plan on utilizing best practices from both organizations to further improve the customer experience,” Nemic said. “Brammall customers will continue to work with the same people that they have in the past and will have access to the same product lines they have always had. We are very excited about the future of both companies.”