January 2020 – Calder Capital, LLC is pleased to announce the successful sale of Boelcke Heating & Air Conditioning (“Boelcke”) of Stevensville, Michigan, to an Individual Investor.
Boelcke Heating and Air Conditioning of Stevensville, Michigan was founded in 1963, and since then has focused on customer satisfaction. The Company retains some of the most talented technicians in Michigan. Boelcke provides complete home comfort products and services, including residential design and installation of complete comfort systems. Additionally, the Company provides repair and maintenance on both cooling and heating equipment, as well as air quality products that can help one breathe easier at home.
Boelcke’s business has grown on the back of its laser-focused concentration on customer satisfaction. This is demonstrated by the Company’s 30-day money-back guarantee, which states, “If at any time during the first year of installation, you are not 100% satisfied with the performance of the equipment, our service or even our people, we will, within 30 days of your request, remove the system and cheerfully refund the entire amount of the contract.”
Boelcke owner, Dave Boelcke, was originally contacted by Calder Capital Associate, Patrick Robey, as part of a buy-side search. Over the course of the ensuing months, Calder representatives Max Friar and Ghazey Aleck had numerous discussions with Dave Boelcke regarding the future of the Company. Dave shared that he was carefully relinquishing responsibilities to his more-than-capable team and, in particular, his lead service manager, John Nedoba. After further contemplation, it was decided Boelcke would proceed with an internal transition, with the lead service manager, John Nedoba, taking over the reins as Dave stepped into retirement.
Dave Boelcke retained Calder Capital to assist through the financing, due diligence, and closing process. Two months later, the deal was completed with John Nedoba taking the reins of ownership.
Calder Capital represented Boelcke Heating & Air Conditioning as its exclusive Mergers and Acquisitions Advisory firm. The terms of the transaction were not disclosed.
