Komar Anchor Plumbing Marks One Year After Merger
YOUNGSTOWN, Ohio – Komar Anchor Plumbing and Drain Service, a residential and commercial plumbing contractor, is marking the one year anniversary of the company’s merger.
Anchor Plumbing purchased Komar Plumbing in December 2016, merging the two companies to form Komar Anchor Plumbing & Drain Service.
Komar Plumbing was in business for 53 years when the owner decided to retire. Many long-term employees of Komar stayed with the company through the merger.
Heading the new company as partner and owner is Thaddeus Smith. He is an adjunct faculty member at Youngstown State University and teaches professionalism and career development for the MBA program and sales and business development for undergraduate students.
Smith says the merger benefits both companies. Anchor was new to the contracting space, while Komar had been in business for over 50 years, but needed a new owner.
“We are proud to continue the tradition of Komar Plumbing by focusing on our customers and their business and residential plumbing needs,” said Smith. “Having been in business for 53 years, Komar’s good, quality plumbing reputation and talented workforce was so strong, we decided a merger with our relatively young firm was the best option.”
In the first year of the merger, sales have increased, according to the company. The workforce, geographic reach, and plumbing services it offers have also expanded.
In November, Komar Anchor was contracted to install underground plumbing at the $20 million chill-can plant under construction on the city’s east side.
Copyright 2020 The Business Journal, Youngstown, Ohio.