“I enjoyed working with the whole Calder team, and I often refer them to people who are considering Buy-Side representation.”
– Pat Noles, President, The Rapallo Group, St. Louis, MO (Buyer)
“Selling a business is an interesting experience, and Calder Capital was helpful.”
– Tim King, Former Owner, Door Service, Inc., St. Louis, MO (Seller)
Transaction Summary
Calder Capital, a nationwide Mergers and Acquisitions Advisory firm, is proud to announce the successful acquisition of Door Service, Inc. of St. Louis, Missouri, by The Rapallo Group of St. Louis, Missouri.
The Acquisition Story
The Rapallo Group is a St. Louis-based private investment vehicle focused on acquiring and operating lower middle market businesses. Led by President and Owner Pat Noles, the firm takes a hands-on operational approach and has successfully founded and acquired companies across several industries, ranging from quick-service restaurants to B2B service companies. Under Noles’ leadership, these businesses have experienced meaningful organic growth driven by a strong emphasis on customer service and employee retention. Seeking to expand its portfolio with a well-established regional service provider, The Rapallo Group engaged Calder Capital’s Buy-Side team and ultimately acquired Door Service, Inc.
The Rapallo Group’s engagement led to Calder Capital sourcing and facilitating the acquisition of Door Service, Inc.
Founded by Art and Laquita King, Door Service, Inc. has built a strong reputation across the St. Louis region for installing and maintaining high-quality commercial doors, entrances, and for providing hardware solutions. After Art King’s illness, second generation owners Tim King and Tod King stepped in and grew the business with the help of their brother Mark, along with the broader Door Service team.
Noles shared, “I’m most excited about continuing what’s already been built here: the relationships, the reputation, and the team. Our goal is to take care of the existing customers and employees while steadily growing the business the right way.”
Tim King commented, “I’m looking forward to helping Pat transition in and help grow the company. Beyond the transition, I am looking forward to retirement and traveling.”
Calder Capital’s Transaction Team and Sale Process
Jakob Simonds of Calder Capital served as the Lead Mergers & Acquisitions Advisor to The Rapallo Group. Serving as Lead Director was Hannah Nabhan of Calder Capital, and the Lead Associate was Dominik Bepristis.
Calder’s Buy-Side team generated 18 off-market seller introductions, leading to 11 client pursuits, two offers on unique businesses, and resulting in the successful acquisition of Door Service. Calder Capital was engaged in mid-June, the Letter of Intent was executed in September, and the deal successfully closed in February.
Regarding his experience with Calder Capital and Jakob, Noles stated, “I enjoyed working with the whole Calder team, and I often refer them to people who are considering Buy-Side representation.”
Tim King spoke to his experience and stated, “selling a business is an interesting experience, and they were helpful.”
Simonds commented, “Tim, Tod and Mark have built a tremendous company and culture over the past three decades. We’re proud to have supported The Rapallo Group in identifying and acquiring Door Service, Inc., a high-quality St. Louis-based commercial door services company. I’m excited to see the continued expansion of Door Service, Inc. under Pat Noles’ leadership.”
Sam Scharich, Calder’s Buy-Side Managing Director, mentioned, “Pat deserves every ounce of credit as he approached this acquisition with the mindset of a true long-term operator. After experiencing a deal fall apart late in the process during a prior search with us, he stayed focused, regrouped, re-engaged our team a second time, and continued pursuing the right opportunity. That level of persistence is exactly what leads to successful outcomes in the acquisition world as well as successful leadership as an owner at the helm of a business. Door Service is an outstanding company with decades of reputation in the St. Louis market, and we’re excited to see it continue to grow under Pat’s stewardship.”
Calder Capital served as the Exclusive Buy-Side Mergers and Acquisitions Advisor to The Rapallo Group.
About The Rapallo Group:
The Rapallo Group is a St. Louis, Missouri–based private investment vehicle focused on acquiring and operating lower middle market businesses. The firm takes a hands-on operational approach and targets well-established companies headquartered in the Midwest, with a strong focus on employee retention and strengthening existing customer relationships. To learn more, please visit http://www.TheRapalloGroup.com/.
About Door Service, Inc.:
Door Service, Inc. is a family-owned commercial door supplier and service provider based in St. Louis, Missouri. With more than 30 years of experience, the company provides installation, repair, and maintenance services for a wide range of commercial door systems, including hollow metal doors, aluminum entrances, automatic doors, sliding doors, and ADA operators. Door Service, Inc. primarily serves customers throughout Missouri and Illinois, while regularly supporting projects across the Midwest. To learn more, please visit http://www.DoorServiceInc.com/.
About Calder Capital:
Founded in 2013, Calder Capital is a cross-industry mergers and acquisitions advisory firm with offices across the United States. Calder provides valuation, sell-side, and buy-side services. We are nationally recognized for excellence in advising $1-100M enterprise value transactions in manufacturing, construction, distribution, and business services. Calder serves business owners, entrepreneurs, family offices, financial buyers, and investors. Learn more at www.CalderGR.com.
Notice: Calder Capital, LLC is not affiliated with any similarly named organizations or entities. To verify communications from our firm, visit our website or contact [email protected].
