Calder Capital is pleased to announce the acquisition of Hot Side Service of Grandville, Michigan, by individual buyer, Oral Campbell.
Founded in 1997, Hot Side Service is a commercial food service equipment repair company. The Company’s equipment capabilities span refrigeration, cooking, coffee, and HVAC applications. In the 2000s, Jennie and Chris Melinn joined Hot Side Service as employees and began managing and expanding the operations. The Melinns purchased the Company in 2011 when the previous ownership desired to step down. After almost 20 years of being hands-on in the day-to-day operations, the Melinns engaged Calder Capital to find their successor.
Oral Campbell has been an integral part of the Hot Side team since 2002, amassing over 21 years of experience. During this time, he has not only built a strong rapport with clients but also gained hands-on experience across various facets of the Company’s operations. Given his background, stepping into the ownership of Hot Side Service is a natural and seamless fit.
Matt Baas of Calder Capital served as the lead Mergers and Acquisitions Advisor to Hot Side Service.
“Our experience with Calder Capital and Matt was great,” Jennie shared. “We found that he was always quick to answer questions at any time and took care of matters right away.”
“It was a pleasure advising Chris and Jennie and working with Oral during the transaction process,” Matt commented. “I look forward to seeing continued success for the Hot Side team over the coming years.”
Calder Capital, LLC served as the exclusive Mergers and Acquisitions Advisor to Hot Side Service. Financing was provided by KeyBank.
The terms of the transaction were not disclosed.
About Hot Side Service
Founded in 1997 as a small cooking repair service, Hot Side Service has expanded to repairing commercial appliances and equipment, primarily those used in food preparation, refrigeration, coffee, espresso, and HVAC applications. Based out of Grandville, Michigan, the Company caters to customers throughout the Grand Rapids, Lansing, Holland, Grand Haven, Muskegon, Kalamazoo, Portage, and Battle Creek areas.
About Calder Capital, LLC
Founded in 2013, Calder Capital, LLC is a lower middle market investment bank providing mergers and acquisitions advisory services to business owners, entrepreneurs, family offices, and investors across the United States. Our dedicated team of professionals combines extensive industry experience, technological innovation, negotiation savvy, and key relationships to exhibit exceptional execution. Calder’s services include mergers and acquisitions advisory, private funds and capital markets advisory, and business valuations. Please see our website at www.caldergr.com for further information concerning Calder and its current opportunities.
