Team of Professional Buyers was acquired by Texas Fire & Restoration General Contractor
Transaction Description
General Contractor focusing on the restoration and insurance construction claims.
Transaction Details
Texas Fire & Restoration General Contractor
Deal Value $1,500,000
Texas
Team of Professional Buyers
Houston, Texas
Transaction Overview
Business was purchased by two Professionals who were working in other companies. This was their first business purchase.
Challenges
SBA Funding was difficult since the business had significant changes in revenues due to the size and scale of jobs in progress. This is typical of this type of industry.
Solutions
Created a 100% Seller Financed deal that satisfied the needs of both parties while providing substantial working capital in the interim.
