CNC Machining Manufacturer Re-Source Industries of Muskegon, MI, Acquired by Waséyabek Development Company
Sep 3, 2020
GRAND RAPIDS, Mich. - September 3, 2020 - (Newswire.com)
Mergers & Acquisitions Firm Calder Capital, LLC is extremely pleased to announce that Waséyabek Development Company, LLC (WDC) has successfully acquired CNC Machining Manufacturer Re-Source Industries of Muskegon, MI.
Waséyabek initially acquired Nunica, MI-based Baker Engineering in 2017. Seeking to expand, WDC engaged with Calder Capital in 2019 to locate a synergistic acquisition opportunity. Calder sourced numerous acquisition opportunities over the course of a six-month search process. Re-Source emerged as the leading candidate for WDC.
James TenBrink, Vice President of Baker Engineering, said about the acquisition, “Re-Source Industries checked every box on our list. We were seeking to grow our West Michigan manufacturing presence and specifically with a high-volume complex part CNC machining acquisition. We’re excited to see how these companies can meld. Thank you to Patrick Robey and Calder Capital for their persistence in showing us numerous off-market opportunities. I was impressed with the volume of targets that we were presented with.”
Paul Kuyt has been president of Re-Source Industries since its inception in 1995. Kuyt is proud to have fostered a company that not only creates quality products in an efficient process but also is an excellent place to work, where staff members are treated like family. “I wasn’t necessarily looking to sell when Calder contacted me, but I knew I eventually needed a partner to help the company grow and prosper beyond my involvement,” said Kuyt, “and I’m just glad to have found a buyer that will continue the culture that we’ve built here. WDC and Baker are definitely the right fit and have the right resources to help Re-Source prosper well into the future.”
Calder Capital, LLC represented WDC and sourced the seller. According to Calder Managing Partner Max Friar, the closing was the team’s 21st of 2020. “Despite the pandemic, we continue to successfully close transactions and grow our firm. Buyers continue to be very aggressive in their pursuit of quality sellers. We are fighting hard to accelerate our growth and enjoying the challenges that arise on the way.”
About Waséyabek Development Company
Waséyabek Development Company is the economic diversification arm of the Nottawaseppi Huron Band of the Potawatomi Indians (NHBP). Its mission is to acquire and grow non-gaming companies and business assets to diversify the Tribe’s revenue stream and create quality career development opportunities for Tribal Members.
About Re-Source Industries
Founded in Coopersville, Michigan, in 1995, Re-Source Industries relocated to Muskegon, Michigan, in 2004. With over 170 combined years of experience amongst its highly trained personnel, Re-Source Industries has evolved from simple production machining to complex high-volume CNC machining.
Re-Source will be renamed RSI of West Michigan, LLC, and operate as a complementary manufacturing firm to Baker Engineering, LLC.
Related Links
Business Brokers
Businesses For Sale
Press Release Service by Newswire.com
Original Source: CNC Machining Manufacturer Re-Source Industries of Muskegon, MI, Acquired by Waséyabek Development Company
More News
Super El Niño could cause 451,000 deaths, scientists predict - as they call for urgent action to save lives
Scientists from the University of Chicago used climate models to predict the impact the devastating climate event could have.
New cPanel Flaw Lets a Hosting Account Run Code as Root, Take Full Server Control
A flaw in cPanel's CalDAV and CardDAV service lets anyone with a cPanel hosting account run code as root and take "full control of the server," the company said on September 22. A second bug in the WP Toolkit plugin, used to install and manage WordPress sites, allows an account holder to change databases that belong to other accounts. cPanel has released fixed versions for both,
OpenAI gives cyber defence tools to Ukraine
Ukraine will get access to OpenAI's advanced GPT 5.6 Sol model under the deal - a rival to Anthropic's Mythos and Fable
545 Hackers Tested It First. Now XRanges for AI Scores Your Security Agent
Autonomous security agents are getting good at finding bugs. Nobody has a good way to measure how good. Point one at a realistic target and what comes back is a report the agent wrote about itself: confident prose, a list of findings, and no way to tell which of them happened. Someone with a security background then sits down and checks every claim against the target. Which findings are real,
Anthropic and OpenAI Models Still Attempt Restricted Actions in Safety Tests
Anthropic and OpenAI on Tuesday announced new models, with both artificial intelligence (AI) companies noting that they are continuing to invest in improving alignment to combat risky behavior. Opus 5.5, per Anthropic, is a "major step up from Opus 5," and "achieves the best scores of any model to date on our automated behavioral audit, our alignment suite that tests Claude across thousands
China’s storage makers aim to climb value chain with advanced packaging bets
Chinese storage makers, long known for packaging chips into modules, have been moving up the value chain into wafer-level operations, with the latest firm to make the jump investing 4.5 billion yuan (US$672 million) in an advanced packaging project. The sum, which Shanghai-listed Biwin Storage Technology will pour into the third phase of its advanced packaging and testing project in Dongguan, in southern China’s Guangdong province, will exceed the 3.09 billion yuan it put into the first two...
Exploit Released for Unpatched Ubuntu Linux Flaw Enabling Host-Root Container Escape
A use-after-free in the Linux kernel's AF_UNIX socket subsystem can be used to escape a container and gain root on the host, security firm DepthFirst said in research published September 22. The flaw, tracked as CVE-2026-80521 (CVSS score: 7.8), was fixed upstream on August 6, but Ubuntu has not shipped the patch for its 26.04, 24.04, or 22.04 LTS releases. DepthFirst
First-ever radio signal from exoplanet reveals its magnetic field
First-ever radio signal from exoplanet reveals its magnetic field Astronomers in a recent breakthrough have captured a strange radio signal coming from a distant planet outside the solar system for the first time. According to the researchers from the Harvard-Smithsonian Centre for...
FBI hacked? ShinyHunters claims brazen theft of sensitive agent data — what the cybercriminal group wants
ShinyHunters claims it breached the FBI and stole sensitive data belonging to agents and job applicants. The hacker group says it accessed terabytes of information through an Oracle PeopleSoft server and an Amazon-hosted government cloud.
Farmers' fury as race for £233m funding compared to 'scramble for Oasis tickets'
Farmers fear they may not be able to carry out environmental work because they lost out on funding.
Oppo Find X10 Pro Max launched: Triple 200MP cameras, 8,000mAh battery, price and specs
Oppo Find X10 Pro Max launched in China with triple 200MP cameras, an 8,000mAh battery, the Dimensity 9600 Pro chipset, and a 6.78-inch 144Hz display. India launch expected around Diwali/end-October 2026; local pricing not announced.
F5 Patches Critical BIG-IP APM Zero-Day Exploited for Unauthenticated RCE on OAuth Servers
Attackers are exploiting a critical flaw in F5 BIG-IP Access Policy Manager (APM) that lets them run code on a BIG-IP system without logging in, F5 says. The flaw, CVE-2026-94127, affects only systems in which APM serves as an OAuth authorization server, issuing access tokens to applications. F5 disclosed it in an advisory on September 22 and has released engineering hotfixes.
Recommended
Pornhub investigated over its age checks
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.