MechCan acquires B.R.'s Plumbing & Heating with 80/10 stake split

MechCan acquired B.R.'s Plumbing & Heating, keeping an 80 per cent share while owner Bart Rietveld retained 10 per cent (selling the other 10 per cent to an employee), preserving the company name.

“MechCan maintains an 80 per cent share in the company and Rietveld has 10 per cent, as he sold his other 10 per cent to one of his employees.”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. Magazine signals are transcribed via OCR and cite the print issue and page. See our methodology and legal notes.