Everest Mechanical Completes the Acquisition of Bears Family Plumbing, Heating, and Cooling
ESTES PARK, Colo., August 26, 2019 (Newswire.com) - Everest Mechanical LLC (Everest), is pleased to announce the acquisition of Bears Family Plumbing Heating and Cooling (Bears) owned by Michael Bears. Bears is a reputed HVAC and Plumbing business based in Loveland, CO. The business focus is predominantly on residential clients in the areas of service, remodel and new construction.
This is the second acquisition by Everest, the first being the purchase of Associated Real Estate Services in Estes Park, CO in February 2019.
Everest is 100% owned subsidiary of Spiritlake Holdings Inc. (Spiritlake), a company owned by Rahul Kumar, Kartik Bhandari and Mani Agrawal, professionals with varied global business experience, in finance, management and consulting.
Bears was founded in 2015 by Michael Bears and has been specializing in HVAC and plumbing services in the Greater Loveland region. The company has a strong reputation as a trustworthy and professional service provider to its clients.
With the acquisition of Bears, Everest continues scaling up operations and enhancing our brand. The acquisition allows us to service the high growth markets in Boulder and Larimer counties - particularly the Fort Collins to Boulder corridor.
Everest will provide a seamless transition and continuation of services to all existing clients of Bears. Everest continues to look at consolidating other similar businesses in the region that add value to its operations and create further efficiencies in the business for the benefit of its clients.
Commenting on the transaction Rahul Kumar, CEO of Everest said, “This acquisition of Bears provides us a quality platform to introduce the Everest brand to clients in Loveland, Boulder Longmont, Fort Collins and the surrounding areas. It is a continuation of our efforts to build a more efficient and optimized platform and gels very well with our existing business in Estes Park. We are excited to be working with Michael and his team and taking this to the next level.”
Commenting on the acquisition of the business of Bears, its founder Michael Bears said, “Bears Family Plumbing, Heating, and Cooling will now be known as Everest Mechanical. We have proudly serviced the areas of Loveland, Longmont, Fort Collins and Boulder for the last several years and with this deal, we will be able to continue providing new and existing customers the best in class HVAC and Plumbing services. Everest will leverage their management expertise to grow the business further and I plan to continue working alongside the team at Everest.”
Further information can also be found at: www.everestmechanical.com
Source: Everest Mechanical LLC