Calder Capital is thrilled to announce the sale of its client, Kellermeier Plumbing, to individual investors!
Established in 1996, Kellermeier Plumbing is a plumbing and remodeling contractor located in Rockford, Michigan. Prior to the sale, the business was owned and operated by husband and wife team, Blaine and Mary Kellermeier.
After over twenty-six years of owning and operating Kellermeier Plumbing, Blaine and his wife Mary were ready to begin transitioning into retirement. Mr. Kellermeier engaged Calder Capital, LLC to find the ideal successor to keep the Company on its upward trajectory.
Blaine Kellermeier noted, “Building Kellermeier Plumbing into the successful business it is has been a very rewarding experience. After 26 years, I felt like it was finally time to hand over the reins to new ownership. I’m confident that Scott and Ken (the buyers) will utilize their experience in the industry to continue growing Kellermeier Plumbing into an even greater success.”
Kellermeier Plumbing was purchased by two individual investors, Scott Mostert and Ken Cronkright. Ken and Scott are based in Rockford, MI, and both have extensive experience in the plumbing industry. The pair are eager to use their knowledge to continue growing this successful Company.
Matt Baas, Mergers and Acquisitions Advisor at Calder Capital, was the lead advisor on the transaction. He worked closely with Blaine Kellermeier to find the right successor for The Company.
“We are pleased to have advised the Kellermeiers on this transaction,” commented Matt Baas, “Blaine built a fantastic business with a diversified and loyal customer base. I’m pleased to see it transition to Scott and Ken and I look forward to the company’s continued growth.”
Max Friar, Calder’s Managing Partner, noted, “I am so happy for Blaine and Mary. I first met Blaine over coffee five years ago. Blaine cared deeply for his employees and customers and wanted to make sure that his eventual transition was handled as smoothly as possible. Advisor Matt Baas did an excellent job of generating multiple offers to ensure that Blaine and Mary saw the market and had options. Congratulations to all parties involved!”
Calder Capital, LLC served as the exclusive Mergers & Acquisitions Advisor to Kellermeier Plumbing.
The terms of the transaction were not disclosed.
Financing was provided by Business Banking Team Leader Daaron Fleeger at KeyBank. Jason Schnelker of Schnelker, Rassi, & McConnell served as counsel to Kellermeier Plumbing. Matt Burns of Bolhouse, Hofstee & McLean served as counsel to the buyers.
About Kellermeier Plumbing
Located in Rockford, Michigan, Kellermeier Plumbing offers a variety of plumbing services such as plumbing repair and installation, drain cleaning, water heater services, licensed backflow testing, and water treatment services. Kellermeier has an outstanding reputation within its community and services the Greater Grand Rapids area.
