Calder Capital is pleased to announce the acquisition of Lamphear Service Company of Wyoming, MI by Bryan Vartanian of Livonia, MI.
Founded in 1987 by Bruce Lamphear, Lamphear Service Company has grown to become a successful HVAC service and installation business, specializing in the installation and maintenance of heating, ventilation, and air-conditioning systems. Bruce has remained the 100% owner of the company ever since its establishment. Alongside his wife, Linda, the two of them have worked together to successfully operate and manage the company for over 30 years.
After running and operating Lamphear Service Company for over three decades, Bruce and Linda decided to transition the ownership to someone who will maintain the Company’s quality of service as well as expand the Company’s reach. “We feel very confident in Bryan’s ambition and experience. He is the right successor for our business and we look forward to watching the business grow under his leadership,” stated Bruce Lamphear.
According to Calder Capital M&A Advisor Matt Baas, “It’s been a great pleasure to have represented Lamphear Service Company on this transaction. Bruce and Linda have built a fantastic organization with deep technical expertise and a keen focus on customer service. Bryan has a long career in the commercial mechanical services industry and is well-suited to lead the company. I am excited for the entire Lamphear Service Company team and look forward to following their continued growth.”
Calder Capital represented Lamphear Service Company as its exclusive Mergers and Acquisitions Advisory firm. Calder M&A Advisor, Matt Baas, served as the lead advisor.
Financing was provided by Jeff Kleinschmidt of Old National Bank. Jim Wierenga of David and Wierenga, PC served as seller’s counsel. Andrew Longcore of The Business Law Group served as buyer’s counsel.
“Our experience with Calder Capital was great, and Matt Baas was fantastic to work with!”
- Bruce & Linda Lamphear
About Lamphear Service Company
After working at the top of the HVAC industry for over a decade, Bruce decided to open Lamphear Service Company. His goal in opening the business was to challenge himself in a new way and further apply the knowledge and skills he acquired during his time working in the industry.
Over the years, the Company has maintained and expanded its customer base within the Greater Grand Rapids area. The company continued to steadily increase its profits over time. Even amidst the Covid-19 pandemic, the company continued to grow and expand, experiencing its most profitable year to date in 2020.