A company on the east side of the state acquired a local provider of gas station equipment installation and repairs.
Reese-based D.H.T. Holdings recently acquired Byron Center-based Rohr Gasoline Equipment, according to Grand Rapids-based Calder Capital, which served as the exclusive mergers and acquisitions (M&A) adviser to Rohr.
Terms of the deal were not disclosed.
Founded in 1940, Rohr Gasoline Equipment provides equipment installation and repairs for service stations in the greater Grand Rapids area, including tank installation, tank removal, testing, card readers for fuel tracking and retail communication equipment.
Mitch Veenstra became an owner in 1995 and assumed sole ownership of Rohr in 2004. After over 25 years in the business, he is looking forward to adventuring near his home in Colorado and enjoying more time with his children and grandchildren.
“Mitch set up Rohr in a prime position for his exit,” said Garrett Monroe, lead M&A adviser to Rohr. “He cultivated a solid, independent team with a hardworking, loyal and positive culture. We could not have found a better fit for Rohr’s continued success. Through this acquisition, Rohr employees will benefit from even more opportunities for personal and financial growth within D.H.T. Holdings.”
Founded in 1983 as Dave Hausbeck Trucking, D.H.T. Holdings started with one truck moving freight around the country. It now is an employee-owned transportation and logistics company, with a portfolio that extends into the landscaping, excavation and brokerage industries, as well as offering a landscape supply yard and a 24-hour repair facility.
The business has locations in Reese; Port Huron; Sault St. Marie; Detroit; and Bellefontaine, Ohio, and is licensed in 48 states.
“Rohr is a well-established company that possesses exactly what D.H.T. Holdings was looking for in a niche, strategic acquisition,” said Josh Zimmerman, vice president and M&A lead at D.H.T. “Working with Garrett was easy, and we were able to seamlessly complete the process from (letter of intent) to closing in less than three months.”
This transaction makes 36 for the Calder team thus far in 2021.
“It’s exciting to see such a good fit come together, and we’re always pleased to assist in the continued success of West Michigan businesses,” said Max Friar, managing partner of Calder Capital.