Eberhart Capital Acquires M. J. Van Damme Trucking Inc. (Construction, Mining, and Farming)

This is a little old news but it is still important to understanding the conception of the local economy. M. J. Van Damme Trucking Inc was bought out by Eberhart Capital in 2020. You can read more about the deal on "Eberhart's page Eberhart Capital Acquires M. J. Van Damme Trucking Inc. in Strategic Deal" .M. J. Van Damme Inc. in Gwinn, Michigan in a $20-$50 million deal that is hoped to help diversify their portfolio to create higher levels of long-term growth. You may also want to review something about it in The Mining Journal 'Private equity firm buys Michigan construction company' 

Calumet Michigan
A major mining location in past before
economic collapse.

One green initiative the Van Damme company engages in is it diverts waste materials that would go into a landfill into reusable construction materials. This impacts the papermill waste and how they repurpose such waste within the area. Considering that we have a large papermill in Escanaba and mines within the area this could become increasingly important with other area investments. 

M.J. Van Damme Trucking also services Verso who is merging with the Swedish company BillerudKorsnas AB. There is a rumor that M.J. Van Damme was bought out by a Swedish company as well. I used to work in a job where I had the opportunity to investigate rumors. While they may sometimes be true its often mixed up with truth and falsehood. I would say that the person could be easily confusing a new purchase with the 2020 purchase. At present there is no public announcement so we can sort of just table the idea (Det skulle vara ett intressant koncept om det stämmer..). 

Iron Mountain Miners
Mining Artifacts

There is a push by government officials to maximize our development of materials, supply chains, and American industries. That can't happen unless there is solid trucking and transportation industry. You can read more about mining in 'Mining & metals 2022: ESG and energy transition – the sector's biggest opportunity' and how that specifically impacts' and 'Mining in Michigan:  A focus on nonferrous mineral extraction' and something about the Eagle Mines. The U.P. was once a big mining place until we starting over relying on foreign suppliers. That is probably going to change. (If you are interested in learning about some of the older mines and historical sites check out Trip Advisor. :)

You may want to read about private equity funds in the The 2022 Global Private Equity Outlook, an annual report co-published by Dechert LLP and Mergermarket as well as ESG in 2022: Insights forprivate companies for a broader knowledge of private equity markets. Its beneficial to keep up the the financial markets and how they function in terms of investment. As we draw interest in the area we will likely to do so off of connecting opportunities of investors to local resources, assets, and people. This is part of a work in process Transactional Cluster Theory I'm working on that helps to formalize interactive companies within a cluster. (The basics are there and I have been applying it to real life situations but need to edit the other chapters to ensure that they are connected well and make sense to an average reader. It brings together a lot of different theories and holds some promise as a method to push the U.S. into a higher innovative stance when used to quickly innovate certain industries we have neglected over the past 30 years. Maybe its useless or maybe it will have value but time will tell.👷🖋).