Father and son buy outdoor recreation business
A father-and-son team from the east side of the state has purchased a local outdoor recreation business in the region and is working to expand its services.
Austin Khoshnegah and Arya Khoshnegah recently completed the acquisition of Gun Lake Rentals in Wayland.
Calder Capital in Wyoming served as the M&A representative of Gun Lake Rentals.
Terms of the deal were not disclosed.
Alex Cazala, a West Michigan resident, founded Gun Lake Rentals in 2003.
Cazala said Gun Lake Rentals' “consistent 10-15 percent annual growth” is what prompted him to sell the business.
He said while he was “extremely pleased” with its success, the time necessary to operate the business had become too much.
“I desired to find a successor that could focus attention and bring additional resources,” he said. “I’ve had a great run at the helm and am now very happy to see a motivated father-son team step in to captain the company to the next level.”
Under Cazala’s ownership, Gun Lake Rentals has grown from a small seasonal boat and pontoon rental business to offering an array of watercraft rentals, including boats, Jet Skis, kayaks and more.
It also provides training and instruction, indoor and outdoor boat storage, winterizing, pre-season care and the sale of various boating accessories.
Austin Khoshnegah, who moved to Shelbyville to handle the daily operations of Gun Lake Rentals, said that under the new ownership, the company is planning to expand its services.
It has already added a marina and begun selling Manitou boats.
Khoshnegah said Gun Lake Rentals also plans to expand its boat shrink-wrap storage service this year.
“We are doing a lot more shrink wrapping of boats and storage,” he said. “We are soon going to start doing mobile shrink wrapping, meaning we will go to their home and do the shrink wrapping there.”
He said the company hopes to begin offering the mobile shrink-wrap service this fall.
The Khoshnegahs are not new to business ownership. They own nine H&R Block franchise stores.
Khoshnegah said his hope for Gun Lake Rentals is to build a successful family business with an expanded rental fleet.
“We want to be well known for the quality of our boats,” he said.