Entrepreneur invests in tech firm
A long-time software and IT firm in the area is entering a transitional leadership period.
Andrew Porter has invested in White Ware in East Grand Rapids, allowing founders David Whitehouse and Michael Mroczyk to begin their transition out of the firm, according to Calder Capital last week.
Terms of the deal, which closed in 2016, were not disclosed.
Grand Rapids-based Calder Capital, a mergers and acquisitions firm, advised White Ware.
Huntington Bank financed the deal.
White Ware offers business-to-business computer solutions, ranging from accounting to custom programming and infrastructure planning.
The firm was founded more than 30 years ago.
“Michael and I truly enjoy servicing our customers daily and plan to continue to do so for the next few years,” Whitehouse said. “We knew that transitioning out of a business could take a long time, and in our mid 60s, we’re trying simply to be proactive about the process.
“(Porter) has the right skills and vision to make White Ware more successful than ever, and we couldn’t be happier about partnering with him to continue growing the business.”
Porter said White Ware is "the perfect size and makeup for such a partnership.”
“I’m excited about being able to expand our service offering, while maintaining the A-plus quality of service and problem-solving that David and Michael offered for so many years,” Porter said.