Portland retailer Standard TV and Appliance has new owners with Portland ties.

The retailer describes the new owners as local businesspeople – Chip Wallace, Barbara Bradshaw and former Standard sales director Jeff Jarvis, who will become the company’s president. The company did not report terms of their transaction.

Clement and Hazel Gander founded the company as Standard Refrigeration in 1947. Their son Bill Gander began managing the company in 1972 and had owned the business since 1981. He will step down as president and owner on Halloween.

Jarvis held a succession of managerial roles at Standard from 2005 until 2013 and had most recently been president of Airport Home Appliance in California. Bradshaw owns Bradshaw Advertising, which will take over Standard’s advertising.

Standard has two stores in Portland, one in Beaverton and one in Bend.

-- Mike Rogoway | twitter: @rogoway | 503-294-7699