17 October 2017

Miller Johnson Represents Concurrence Capital in Mission Design & Automation LLC Investment

The Transaction

Concurrence Capital Holdings LLC (Concurrence) closed on its first deal with an investment in Mission Design & Automation LLC (Mission).  Mission specializes in the design and manufacturing of highly complex automation solutions for the automotive, office furniture, medical and consumer goods industries, serving customers in North America.  Mission has averaged annualized growth of 50 percent per year over the last few years.

Jason Byrd, co-founder and managing partner at Concurrence, said this transaction was a “true partnership consistent with our investment parameters.”  Mr. Byrd also credits Miller Johnson with being “critical to Concurrence bringing this transaction to a successful closing.”  Chemical Bank provided debt financing for the transaction, and BDO acted as accountant and tax advisor for Concurrence.

Miller Johnson’s transaction team included Dustin Daniels (M&A), Loic Dimithe (M&A), Neil Williams (Tax), Max Barnes (Corporate), Alan Schwartz (Environmental), Grant Schertzing (Real Estate), and Nathan Plantinga (Employment).

Concurrence Capital Holdings LLC
(  Established in May 2017, Concurrence is a private investment and management firm headquartered in Grand Rapids, Michigan.  Concurrence targets long-term investments in middle-market, family owned businesses. Concurrence’s industry focus includes niche manufacturing, food and beverage, automotive, medical device, value-added distribution and business-to-business services.

Mission Design and Automation LLC
( Mission was founded in 2004 and is based in Holland, Michigan. It operates out of a 21,000 sq. ft. facility. Mission’s quality automation systems advance efficient manufacturing processes for the automotive, office furniture, medical and consumer goods industries.

Miller Johnson’s Mergers and Acquisitions Group
Miller Johnson’s M&A practice group collaborates with clients and their advisors to structure, negotiate and close deals and to navigate the various challenges that can arise in the context of mergers, acquisitions, dispositions and other business combination or investment transactions.

Miller Johnson is listed for mergers and acquisitions with U.S. News & World Report’s Best Law Firms and is ranked by Chambers USA.  At the M&A Deals and Dealmakers Awards presented annually by the Association for Corporate Growth (ACG) West Michigan chapter and MiBiz, Miller Johnson attorneys are consistently involved in deals honored as finalists for the Deal of the Year categories.  For further information, please contact Dustin Daniels at (616) 831-1737 or Erik Daly at (616) 831-1723.