TORONTO–(BUSINESS WIRE)–MechCan Inc. (“MechCan”) is pleased to announce a partnership with BR’s Plumbing & Heating (“BR”), headquartered in Tillsonburg, Ontario. Serving Norfolk County, Oxford County, Brant County and surrounding areas since 1993, BR’s is a local market leader providing plumbing, heating and air conditioning installations and services. This is MechCan’s second transaction since its launch in January 2022. MechCan was founded to enable owner-operators of mechanical service businesses across Canada to realize the value of their business while preserving their legacy and by best positioning their business for sustainable growth.
“We are thrilled to partner with Bart and Judy Rietveld, who have built an exceptional company that is well regarded in the community for the quality of its residential, commercial and agricultural plumbing and HVAC services,” said Spencer Ross, Co-Founder from MechCan. . “We look forward to working with them to build on BR’s strengths and support the brand in the future. This is our second transaction in Southern Ontario and we intend to continue to invest heavily in the region as we grow our Canadian mechanical services platform.
“In the nearly 30 years since BR’s founding, our business and our team have grown significantly,” said Bart Rietveld, Founder and Chairman of BR’s. “We pride ourselves on providing top-notch plumbing, heating and cooling services in Tillsonburg and surrounding areas. We are confident that this partnership with MechCan will foster our close family culture and accelerate our growth.
BR’s will continue to operate under its local brand and retain its team of high quality technicians and support staff, with Bart Rietveld continuing to lead the business as President. Through this transaction, Bart will remain a significant shareholder of BR and will bring his decades of industry experience to the MechCan team to help further develop its mechanical services platform.
Portage M&A Advisory advised BR’s on the transaction.
About MechCan Inc.
MechCan is proudly a Canadian acquirer and partner to mechanical service companies nationwide. MechCan provides initial cash, ongoing cash distributions, and long-term alignment to contractors and owners of HVAC, plumbing, controls, and other mechanical businesses in exchange for an economic stake in their business. Partner companies retain their local brand and continue to operate independently while benefiting from shared services and business operations support.
For more information on MechCan, visit www.mechcan.ca
For more information on the services offered by BR’s, visit www.brsplumbingandheating.ca