Kassel Acquires Ownership Stake in Gutridge Plumbing

Dublin, OH, July 30, 2017 --(PR.com)-- Thomas Werner, CEO of Kassel Enterprises, Inc., announces the acquisition of Gutridge Plumbing, Inc., a leading plumbing, HVAC, and fire suppression contractor in Central Ohio. The Dublin-based real estate investment and private equity firm adds Gutridge to its growing private equity portfolio which includes Haslett Mechanical, Gorilla Dumpsters, Excel Facility Maintenance, Ohio Industrial Equipment, and High Lands Golf Club. The acquisition was finalized on July 21, 2017.

“The acquisition of Gutridge Plumbing further increases Kassel’s share in the mechanical contracting market in Central Ohio, and will support our growth into Licking County. Kassel will leverage its existing market share along with Gutridge’s infrastructure and brand recognition to strengthen our ability to focus and serve new and existing customers,” says Mr. Werner. “The transition of ownership will be a gradual process. Current owners, Wayde and Rod Gutridge, have agreed to stay on for 5 years and Lane Hartfield, nephew of Wayde and Rod, will continue to play a pivotal role at Gutridge. Their knowledge and continuing presence will provide stability during the integration phrase.”

If you would like more information about this topic, please contact Whalen Ng at 614-310-4045 or email at wng@kassel-construction.com.