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Alpena Plumbing & HVAC Company Acquired
Calder Capital is pleased to announce that its client, Weinkauf Plumbing & Heating, Inc., has been acquired.
By: Calder Capital
The four co-owners of Weinkauf Plumbing & Heating were approaching retirement age and wanted to ensure a successful and careful transition for the business, its dedicated employees, and loyal customers. They engaged Calder Capital (https://www.caldergr.com/)
Weinkauf Plumbing & Heating was acquired by a group of individual investors led by Alpena native, Luke Gerhart. Luke will assume a leadership role in the company and will use his decades of construction management experience to build and grow the company for its continued long-term success.
"I am thrilled to continue what the Weinkauf family has built," commented Luke Gerhart. "I look forward to taking the helm and leading Weinkauf through the next decade. Our group is committed to investing in the business, its employees, and the community of Alpena."
Matt Baas of Calder Capital (https://www.caldergr.com/
"This transaction was an interesting and rather remarkable ride," remarked Baas. "Weinkauf Plumbing & Heating is a longstanding and reputable family-owned company in Northern Michigan. We were determined to find them a solid fit. It's rare that you have four company owners and four investors consummating a transaction. There were a lot of moving parts, communication was key, and it was exciting to see the pieces fall into place."
"I've got to hand it to Matt Baas," noted Calder Managing Partner, Max Friar. "Watching him navigate through this transaction reaffirmed to me why he was awarded DealMaker of the Year (https://www.caldergr.com/
Calder Capital, LLC served as the exclusive Mergers & Acquisitions Advisor to Weinkauf Plumbing & Heating, Inc.
Dan White of White, Wojda, and Curtis (https://www.dwwhitelaw.com/