CANTON – A Chicago-area company that has been growing over the past seven years has acquired Standard Plumbing and Heating, along with its sister company, Sheet Metal Crafters.
Reedy Industries, based in Glenview, Ill., has purchased 21 businesses since 2014, including four other companies so far in 2021.
Terms of the deal between Reedy and Standard Plumbing were not released. Both are privately held companies.
The leadership team at Standard and Sheet Metal Crafters will remain the same and the companies will continue to operate in Canton and Mansfield, according to the press release announcing the deal.
Dave Grabowsky, whose grandfather started Standard Plumbing in 1912, will continue as president of Standard and Sheet Metal Crafters.
Grabowsky called the deal a "natural evolution" for the company, as well as an opportunity to provide expanded services and facilitate continued growth.
“This is a strategic partnership that enables us to serve more customers and brings together similar cultures and mindsets of two strong companies,” Grabowsky said in the release.
Standard Plumbing was founded in Canton by Herman Grabowsky, and Bob Grabowsky preceded Dave Grabowsky as president.
Reedy has been in business in the Chicago area since 1930.
The two companies specialize in plumbing and HVAC installation, sheet metal fabrication, maintenance, and service work on building systems. Both will continue to serve customers in the industrial, food processing, municipal, educational, healthcare and commercial segments.
Standard has about 200 employees in Canton and Mansfield. The company topped revenue of $52 million in 2020.
Reedy operates in seven states and employs 1,200.
The company has been open about its efforts to grow through acquisition. Joe Kirmser, president of Reedy Industries, said the company passes on more opportunities than it pursues.
"It takes a special business for us to get to this point," Kirmser said in the press release. "Now that we have established a larger presence in Ohio, we will absolutely look to add more density in the market through strategic add-on acquisitions.”
Grabowsky said he expects to see Standard expand its presence in Ohio and Pennsylvania.
"Standard is committed to its talented and strong team of employees across the organization. This acquisition will provide employees the opportunity for security and advancement,” Grabowsky said.