Trades Holding Co., LLC (Trades), a CPC Company, simultaneously acquired the assets of Mr. Rooter Plumbing of Muncie and Anderson, Aire Serv of Muncie, Mr. Rooter Plumbing of Indianapolis and Central Indiana, and Rainbow Restoration of Carmel.
Trades is the largest Mr. Rooter franchisee and a Top Gun Admiral award-winner, ranking in the top 2.5% of the system for both Mr. Rooter and Mr. Electric. This acquisition expands Trades’ footprint into Central Indiana and furthers its mission to provide an outstanding technician experience. CPC and Trades began their partnership in July 2023.
Craig and Sara Kantner entered the restoration business in 2012 and became Mr. Rooter of Indianapolis and Central Indiana franchise owners in 2017. “We have worked tirelessly over the years to provide excellent service to our team and customers, and we believe that Trades, with its 30-year track record of success, is the right partner to continue that commitment forward,” the Kantners stated. Sara looks forward to retirement and spending more time with family and Craig is excited to stay on with Trades to help grow Rainbow Restoration.
Rainbow Restoration is a trusted name in helping residential and commercial customers restore their property from water damage, fire damage, and mold. In parallel to this acquisition, Trades also converted its independently-held water damage restoration business – Right Restoration – into Rainbow Restoration of Columbus.
Jay and Justin Ullom, a father-son team, transitioned their original plumbing business that Jay founded in 1989 to Mr. Rooter of Muncie and Anderson in 2007, then converted a previously acquired HVAC business into Aire Serv of Muncie in 2015. Upon Jay’s retirement in 2017, Justin became the sole owner and operator of the company. He and his team are consistent top performers within the Neighborly system. “I’m excited about the additional support and resources CPC and Trades will bring to our great team to help elevate this business to the next level,” Ullom stated. Justin looks forward to dedicating even more time and energy to his successful high school basketball coaching career.
Aire Serv is a trusted name in heating and air conditioning installation, maintenance, and repair, and this marks Trades’ entry into the brand.
Phil Dodyk, CEO of Trades Holding Co. commented, “We are honored that Sara, Craig, and Justin chose Trades to acquire their businesses, and are ecstatic to support their award-winning teams for more growth going forward. Adding Indianapolis, Muncie, and Anderson to our existing service area provides the opportunity to serve an additional 2 million Midwest customers and meaningfully expand our technician career development program.” CPC Principal, Jared Poland added, “CPC is very pleased with how well Trades has integrated its acquisitions of Mr. Rooter Plumbing of Mansfield, Greater Cincinnati, Dayton, and Florence, and impressed with the culture of customer service and technician engagement at Trades. We are excited to keep the positive momentum going with this expansion of the Mr. Rooter platform, and our entry into Rainbow Restoration and Aire Serv.”
About Trades
Trades Holding Company is a franchisee operator of Mr. Rooter (plumbing), Mr. Electric (electrical), and Rainbow Restoration (water damage, fire damage, mold) service brands. Trades is led by Phil Dodyk, who joined earlier this year as the company’s CEO, and continues to be advised by second generation owner, Megan McKay. Trades employs more than 350 full-time employees, including over 230 trade professionals across Cleveland, Columbus, Toledo, Mansfield, Cincinnati, and Dayton, Ohio. Trades is dedicated to its technicians and committed to providing a superior journey from apprentice to retirement.
About CPC
CPC is owned by large family offices and successful entrepreneurs that are collectively aligned around long-term decision making and wealth creation. It was formed from the merging of Curran Companies’ and C3 Capital’s management teams and seeks to buy one to two companies a year and invest $60 million to $120 million per company into control positions. CPC does not use enterprise leverage to fund acquisitions, instead focusing management teams to excel in the Five Key Battles™: People, Systems and Processes, Execution, Customer Intimacy, and Product Leadership. Prior to forming CPC, the management team invested in more than 100 businesses covering a wide variety of industries.