A Rockford-based plumbing company is under new ownership.
After 26 years in the plumbing business, Blaine and Mary Kellermeier are ready to retire. However, Kellermeier Plumbing is going nowhere and is growing thanks to two investors who decided to take over the business, Scott Mostert and Ken Cronkright.
“Building Kellermeier Plumbing into the successful company it has been has been a very rewarding experience,” said Blaine Kellermeier. “After 26 years, I felt it was finally time to hand the reins over to a new owner. I am confident that Scott and Ken will use their industry experience to continue to lead Kellermeier Plumbing to even greater success.”
The Kellermeiers, concerned about what would happen to their employees and customers once they left, turned to Calder Capital to find a suitable buyer for the company, which was then sold to Mostert and Cronkright for an undisclosed amount .
Matt Baas, mergers and acquisitions advisor at Calder Capital, worked with Blaine Kellermeier to find the right successor for the company. Plumbing veterans Mostert and Cronkright were Rockford residents with extensive experience in the plumbing trade, so they felt like a natural fit to purchase the company.
Both previously worked for All-Flo Plumbing in Grand Rapids – Mostert as a supervisor and Konkright as a field supervisor.
The deal was a long time in the making.
“I’m very happy for Blaine and Mary,” said Max Friar, managing partner of Calder Capital. “I first met Blaine over coffee five years ago. Blaine cared deeply about his employees and customers and wanted to ensure his eventual transition was as smooth as possible. Advisor Matt Baas did an excellent job creating multiple offers to ensure Blaine and Mary see the market and have options.”