Complex sentence: The company was founded by Reginald Lammers in 1968, when he bought out two southern California moving and storage companies and renamed his new corporation, ACE of California, agent for Atlas Van Lines.
Split into simpler sentences: The company was founded by Reginald Lammers in 1968, when he purchased two southern California moving and storage companies and merged them into one larger company. Lammers named his new corporation, ACE of California, agent for Atlas Van Lines.