GRAND RAPIDS, Mich. – March 8, 2023 – NuVescor Group is pleased to announce the successful sale of a specialized woodworking company to Shively Bros. Inc.

The woodworking company is experienced in dealing with even the most complicated kitchen remodeling and kitchen renovations. Its award-winning kitchen designs are regularly featured in local, regional and national publications. According to Chris Clarambeau, President of Shively Bros., “This was an opportunity for our company to expand into a new sector where we can bring our experience and distributor reach to a new set of clients. We are excited to add this capability and product offering to our portfolio as well as diversifying our customer base.”

Shively Bros., based in Flint, Mich., is a family of companies working collaboratively to improve its manufacturing customers’ operational efficiencies. Its six core areas of expertise are inventory management, supply chain management, engineering services, cutting tool preset and regrind management, gauge management and continuous improvement. Each Shively Bros. company plays a unique role, contributing its own specialty and expertise, to deliver a broad spectrum of high-quality products and solutions designed to increase their customers’ bottom lines.

Shively Bros. was founded in 1947 in Flint, and has grown steadily to now include 15 locations across five

U.S. states as well as Canada and Mexico. It currently serves more than 1,200 customers in a variety of market segments, including automotive, aerospace, medical instruments, food service, metal stamping and oil and gas.

Shively Bros. was assisted in the transaction by NuVescor Group.

About Shively Bros. Inc.

Shively Bros. Inc. is an employee-owned firm that consists of five companies: Shively Bros., Shively Supply, Shively Diversified Management Services, Shively Bros. Canada and Shively Bros. Mexico. For more information on Shively Bros., visit www.shivelybros.com.

About NuVescor Group

NuVescor Group, based in the Midwest, is a distinguished mergers & acquisitions service company that has served the manufacturing industry since 2007. The employees of NuVescor possess the full array of disciplines needed to complete successful and timely business transactions. NuVescor utilizes a proprietary proven process that greatly increases the success rates for business transactions as well as the customer experience. For more information about NuVescor, visit www.nuvescor.com.

###