Transaction Announcement - HVAC & Two Plumbing Companies
Business Broker, Chris Cantwell, of Transworld Business Advisors - Rocky Mountain Closes on a Double Deal for Two Plumbing & HVAC Companies
"These two companies combined have been in operation for nearly 40 years," says Chris Cantwell, a Business Broker with Transworld. "Both of the owners were ready to retire and move on from their businesses. This type of transaction really highlights the opportunity available to entrepreneurs ready to own a business in Colorado. Baby boomers are selling their very healthy companies at growing rates offering a major financial opportunity to acquirers who will gain access to companies with positive cash flow, deep customer relationships, and sound reputations."
The first plumbing and HVAC company offers gas pipe installation, septic tank services, and water testing, among other services. They also provide plumbing and heating installations for new residential builds. The second plumbing and HVAC business offers residential and commercial heating, cooling, plumbing and solar field services. This business has service agreements and contracts in place already providing steady cash flow to the buyer. The buyer saw the tremendous opportunity in each business, acquired them both and is merging them together. John Wahl with Live Oak Bank did the financing on this deal.
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