Calder Capital is thrilled to announce that Rohr Gasoline Equipment, Inc., of Byron Center, MI has been acquired by D.H.T. Holdings, Inc., of Reese, MI.
Established in 1940, Rohr Gasoline Equipment provides equipment installation and repairs for service stations in the greater Grand Rapids area, including tank installation, tank removal, testing, card readers for fuel tracking, and retail communication equipment. Mitch Veenstra became an owner in 1995 and assumed sole ownership of Rohr in 2004. After over 25 years in the business, he is looking forward to adventuring near his home in Colorado and enjoying more time with his kids and grandkids.
“Mitch set up Rohr in a prime position for his exit,” remarked Garrett Monroe, lead Mergers and Acquisitions Advisor to Rohr. “He cultivated a solid, independent team with a hardworking, loyal, and positive culture. We could not have found a better fit for Rohr’s continued success. Through this acquisition, Rohr employees will benefit from even more opportunities for personal and financial growth within D.H.T. Holdings.”
D.H.T Holdings is an employee-owned transportation and logistics company, with a portfolio that extends into landscaping, excavation, brokerage, and other industries. The acquisition of Rohr was a strategic one for D.H.T.
“Calder Capital did an excellent job presenting Rohr Gasoline Equipment to us,” noted Josh Zimmerman, Vice President and Mergers & Acquisitions Lead at D.H.T.. “Rohr is a well-established company that possesses exactly what D.H.T. Holdings was looking for in a niche strategic acquisition. Working with Garrett was easy, and we were able to seamlessly complete the process from LOI to closing in less than three months.”
Mitch Veenstra commented on the transaction, stating, “Calder Capital was instrumental in finding a solid fit for a buyer, and Garrett Monroe was good to work with. He was thorough, prompt, aggressive, and responsive in moving through the process. I felt strongly that he had my best interest in mind throughout the process. I would highly recommend Calder and Garrett to anyone interested in buying or selling a business.”
The transaction makes 36 in 2021 for the Calder team thus far. “Garrett brought this deal to a picture-perfect closing,” said Max Friar, Managing Partner of Calder Capital. “It’s exciting to see such a good fit come together, and we’re always pleased to assist in the continued success of West Michigan businesses. Congratulations to Mitch, Josh, Garrett, and the D.H.T and Rohr teams! Make sure you take some time amidst the holiday chaos to pop some bubbly and toast to such an excellent transaction for both buyer and seller.”
Calder Capital, LLC served as the exclusive Mergers and Acquisitions Advisor to Rohr Gasoline Equipment.
About D.H.T. Holdings, Inc.
Founded in 1983, Dave Hausbeck Trucking started with one truck moving freight around the country. Since that time, D.H.T. Holdings has grown to several related companies including Tanker, Gravel Train, Flatbed, Van, Excavating, and also Landscape Supply yard. D.H.T. Holdings also operates a 24-hour full service repair facility. D.H.T. Holding’s home base is in Reese, Michigan, but the company also has locations in Port Huron, Sault St. Marie, Detroit, Michigan, and Bellefontaine, Ohio. D.H.T. Holdings is licensed in 48 states, and traveling into Canada is just a stroll across the bridge.
About Rohr Gasoline Equipment, Inc.
Since 1940, Rohr Gasoline Equipment has been providing service stations in the greater Grand Rapids area with all the equipment needed to maintain a successful business. When it comes to the sale, service, and installation of petroleum equipment, Rohr has established itself as the best in the business. Through workmanship that focuses on minimizing long-term costs and never cutting corners, the Company develops longevity in its customer relationships.
