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“I was presented with the opportunity to acquire the company where I have been an employee of over 19 years.
The SBDC helped me throughout the financing process from start to finish including putting together a business
plan and making connections to lenders, which resulted in obtaining the working capital I needed to make the
acquisition possible.”

– James Mundy, President

Economic Impact:

Areas of Assistance:

  • Capital Infusion: $450,000

  • Obtained Financing

  • Acquired Business

  • Financial Projections

  • Business Plan

Description of Business:

Established in San Diego in 1948, Cass Plumbing ( is one of the oldest plumbing contractors in Southern California. When the previous
owner of the business mentioned that he would like to retire, long-time employee Jeremy Mundy jumped at the chance to buy the business and reached out to the
SBDC to help make it happen. Through a number of sessions with his SBDC advisor, not only did Jeremy finalize the purchase of the company, but he also secured the capital to support the purchase including a $100,000 loan for working capital.

Use of Capital Infusion Funds:

The financing was utilized to acquire the business and working capital.


San Diego, CA 92116