Conveyor systems company sells to investor
The longtime owner of a local supplier of conveyors, material handling and storage systems has sold the business to an investor.
Bob Sokorai sold Walker-based Conveyability to Heath Verstraete, according to Grand Rapids-based Calder Capital last month.
Matt Uhl, of Calder Capital, represented Conveyability as its M&A adviser.
Terms of the deal were not disclosed.
Verstraete has a background in manufacturing at companies including Altron Automation, Lumbermen’s and Haworth, according to his LinkedIn profile.
Founded in 1980, Conveyability designs, fabricates and installs engineering conveyor and material handling systems for manufacturing and distribution customers throughout West Michigan.
Sokorai owned and operated Conveyability for more than three decades.
“I have had a ton of fun over the last 30 years running Conveyability,” Sokorai said. “I feel like I have accomplished a lot, and I am proud of where the company is at today. I consider myself lucky because of all of the great people that have surrounded me through the years.”
Sokorai said his primary goal when planning for retirement was to ensure a smooth business transition for his customers and 13 employees, and he believes he has achieved that.
Verstraete said he is pleased with the state of the business.
“Bob built a proactive and customer-centric culture that I appreciate,” Verstraete said. “My extensive background in engineering and leadership, combined with the reputation and quality that Bob built, made this acquisition a perfect fit for me.”