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Cass Plumbing

 

 



 

 

 
“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…

 

 

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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 (www.CassPlumbing.com) 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.

Location:

San Diego, CA 92116

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