Small Business Deal Advisors is pleased to announce the acquisition of Custom Replacement Coils of Beverly Hills, MI to an individual investor!
Founded in 1999, Custom Replacement Coils is a supplier of custom heating, cooling, and process coils. The Company specializes in building custom-designed coils that perform with great efficiency. Custom Replacement Coils produces products such as steam coils, convector coils, fluid coils, industrial coils, refrigerated cased coils, insulated coils, and heat exchangers.
Kenneth Kucab acquired Custom Replacement Coils in 2012 and successfully ran the business for the last 10 years. Ready to transition into retirement, Mr. Kucab engaged Small Business Deal Advisors to find a successor for the Company.
Matthew Calleja of Saint Clair Shores, MI acquired Custom Replacement Coils. Matthew Calleja has extensive experience working as a project manager in the commercial mechanical / HVAC industry. He will be using his knowledge and experience to successfully take over the Company.
“I was looking to purchase a Company within the construction industry when I came across Custom Replacement Coils. I was pleased to have found something specific to HVAC given my previous background, and I look forward to further expanding on what Kenneth has built over the last ten years,” stated Matthew Calleja
Scott Nicholson, Mergers and Acquisitions Advisor at Small Business Deal Advisors, was the lead advisor on the transaction. He worked closely with Kenneth Kucab to find the right buyer for the Company.
“Ken was ecstatic to have found Matt Calleja as a buyer given his previous background. The two have worked very well together to transition ownership and Ken is confident that Matt will have great success running the Company,” said Scott Nicholson.
Small Business Deal Advisors advised Custom Replacement Coils on the sale through the development of marketing materials, comprehensive marketing of the acquisition opportunity, and consulting through the negotiation, due diligence, and closing periods.
The terms of the transaction were not disclosed.