East Side entrepreneur acquires Lamphear Service Company

A local HVAC company has changed hands.

Bryan Vartanian, owner of Livonia-based Drake Company, recently acquired Wyoming-based Lamphear Service Company, according to Grand Rapids-based Calder Capital, the M&A advisory firm that represented the owners of Lamphear in the transaction. .

The terms of the contract are not disclosed.

Founded in 1987 by Bruce Lamphear, Lamphear Service Company is a single location company with 17 employees providing commercial and residential installation and service of heating, ventilation and air conditioning (HVAC) systems.

Bruce Lampear has remained 100% owner of the company since its inception. He and his wife, Linda, worked together to run the business for many years. The couple said that even amid the COVID-19 pandemic, the business has continued to grow and expand, enjoying its most profitable year yet in 2020.

They said they wanted to find a buyer who would maintain Lamphear’s quality of service and expand its reach.

“We are very confident in Bryan’s ambition and experience,” Bruce Lampear said. “He is the right successor for our business, and we look forward to seeing the business grow under his leadership.”

Matt Baas, senior adviser on the deal for Calder Capital, said the transaction went well.

“Bryan, the buyer, has a long career in commercial mechanical services and is a great fit,” Baas said. “He’s moving to the east side of the state (Livonia).”

Jeff Kleinschmidt of Old National Bank provided the financing. Jim Wierenga, of David and Wierenga, acted as legal counsel to the seller. Andrew Longcore, from the Business Law Group, acted as legal counsel for the purchaser.

Veronica J. Snell