Advice Needed: Bad Reviews, Wrong Company

Hey everyone! Looking for some solutions for a problem my business has. When searching our company name on Google, our website pulls up first (thankfully), but the second result is a very nasty review for a DIFFERENT company, albeit with a very similar name. Is there any way we can stop this result from pulling up? The company in question operated on the other side of the country and went out of business years before we even started ours.

Any advice would be helpful. Thanks!