Kellermeier Plumbing sold to investors – Grand Rapids Business Journal

A Rockford-based mostly plumbing agency is beneath new possession.

After 26 years Inside the plumbing enterprise, Blaine and Mary Kellermeier are In a place to retire. Kellermeier Plumbing, however, isn’t going anyplace And might proceed To current Pretty a Little bit of plumbing providers, Similar to plumbing restore and set up, drain cleansing, water heater providers, licensed backflow testing and water remedy providers, As a Outcome of of a pair of buyrs who decided to take over the enterprise, Scott Mostert and Ken Cronkright.

“Constructing Kellermeier Plumbing into the worthwhile enterprise it has been is A very rewarding expertise,” said Blaine Kellermeier. “After 26 years, I felt Choose it was lastly time Useful over the reins to new possession. I’m assured that Scott and Ken will make the most of their expertise Inside the enterprise to proceed rising Kellermeier Plumbing Proper into a great greater success.”

The Kellermeiers, who have been involved about what would happen to their staff and clients as quickly as they referred to as it quits, reached out to Calder Capital To discover An relevant buyr for the enterprise, which then was purchased to Mostert and Cronkright for an undisclosed quantity.

Matt Baas, mergers and acquisitions adviser at Calder Capital, labored with Blaine Kellermeier To Search out The biggest successor for The agency. Plumbing enterprise veterans Mostert and Cronkright already have been based mostly in Rockford and have in depth expertise Inside the plumbing commerce, So as that they appeared like a pure match To buy the enterprise.

Each beforehand labored for Grand Rapids agency All-Flo Plumbing — Mostert as a supervisor and Konkright as a area supervisor.

The deal was A very Very prolonged time Inside the making.

“I am so joyful for Blaine and Mary,” said Max Friar, managing companion, Calder Capital. “I first met Blaine over espresso 5 years in the past. Blaine cared deeply for his staff and clients and needed To make sure that his eventual transition was dealt with as easily as potential. Adviser Matt Baas did An excellent job of producing a quantity of provides To Make constructive that Blaine and Mary noticed the market and had decisions”