In 2023, Rochester Midland embarked on a new chapter by selling majority ownership to Peak Rock Capital. Founded in 1888 by Daniel Calkins and Clarence Crowell, Rochester Midland has a storied history as a chemical manufacturer.
Leading investment professionals gathered at the Country Club of Rochester on May 14th for Rochester Midland: Decisions for Growth. Brad Calkins and Kathy Lindahl, 4th generation co-CEOs of Rochester Midland, led a panel discussion tailored for owners, financial executives, and private equity and M&A transaction professionals.
They were joined by industry experts John Casey from J.P. Morgan Chase, Rob White of KPMG, and Chris Rodi from Woods Oviatt Gilman. Together they discussed critical topics that guided Rochester Midland’s future growth strategy. Sam Ticknor, Principal at Union Hill Advisors, moderated the event and hosted a CEO Roundtable for business owners thinking about succession and growth.
Managing Cap Table Complexity
With 4 generations and 135 years of operations, Rochester Midland faced the challenge of managing a complex cap table. The discussion highlighted strategies to streamline ownership structures and enhance operational efficiency.
Addressing Aging Ownership and Succession Planning
The panel analyzed the sensitive issue of aging ownership and succession planning. Insights were shared on navigating these transitions while preserving the company’s legacy.
Navigating Industry and Capital Market Changes
Shifts in industry and capital markets drove the decision to partner with Peak Rock Capital. The panelists each provided perspectives on adapting to market dynamics and leveraging private equity to fuel growth.
Establishing Rochester Midland as a Platform Company for Growth
Looking forward, Rochester Midland aims to solidify its position as a platform company. This involves strategic acquisitions and expanding its footprint in the chemical manufacturing sector.
The event underscored Rochester Midland’s commitment to proactive growth and sustainability. The company is poised to build on its legacy and drive future success by forging strategic partnerships and addressing operational complexities.