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From the category archives: Certified Business Brokers News

Certified Business Brokers in Houston have big news to share with you! Learn about recent business purchases and sales in Texas.

Certified Business Brokers (CBB) Represents Houston Top-Tier Graphic Design Firm, Gateway Design, Inc., in Sale of Business

Certified Business Brokers (CBB) Represents Houston Top-Tier Graphic Design Firm, Gateway Design, Inc., in Sale of Business HOUSTON, TX--(Marketwire - April 14, 2011) - Gateway Design, Inc., established over 20 years ago, was sold by founder and owner Connie Senter to Chris Norton and Sanjay Parikh of Houston, partners at Norton and Park, Inc. The Company, headquartered in Houston, is a pioneer of the graphics design industry with a Fortune 500 client list. They provide a complete portfolio of graphic design and marketing services across a broad spectrum of online and print media. "After 22 years of overseeing daily operations of the firm, my age told me it was time to sell the business," said Senter. She engaged Frank Stabler of Certified Business Brokers in Houston to market the business and represent the Company during the entire sale process. Gateway was very attractive to buyers because of its history as a pioneer in the graphic design industry. The Company was instrumental in the advent of com ...

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SBA Update - What's Happening in Congress

On Thursday December 10th, Sens. Landrieu and Snowe introduced S. 2869, the Small Business Job Creation and Access to Capital Act. This new bill contains a series of measures that were separately introduced by Sens. Landrieu and Snowe earlier this year. The Senate Small Business Committee will mark up S. 2869 Thursday, December 17th. Highlights of the legislation include: Increase the loan limit on 7(a) loans from $2 million to $5 million. Increase the loan limit on 504 loans from $1.5 million to $5.5 million. Increase the loan limit on microloans from $35,000 to $50,000. Allow the 504 loan program to refinance short-term commercial real estate debt into, long-term, fixed rate loans. Extend the authorization to provide 90 percent guarantees on 7(a) loans and fee elimination for borrowers on 7(a) and 504 loans through December 31, 2010. Direct the SBA to create a website where small businesses can identify lenders in their communities. Increases the maximum guaran ...

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Certified Business Brokers Represents US Global Mail in Sale of Business

Certified Business Brokers Handled the Transition of Ownership of US Global Mail, an Internet-Based Subscription Shipping Service Headquartered in Houston, to Randy Nibber, Former CFO of an Overseas Business Unit of Aker Solutions. (Marketwire Press Release) Certified Business Brokers (CBB) acted as intermediary in the sale of US Global Mail, an internet-based subscription shipping service headquartered in Houston. The company provides mail forwarding and product fulfillment solutions to American expatriates, individuals living in other countries who purchase American goods, and companies both domestic and abroad that are involved in international commerce. Barry Wisnevitz founded US Global Mail in 2002 in response to his international customer requests from his retail postal center for a "drop box" from which mail and products could be shipped, received or stored. It grew with a life of its own to a size that necessitated the leasing of a new building to support the operation. Wisnevitz, having m ...

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Certified Business Brokers (CBB) Facilitates the Sale of Houston Balloons and Promotions

Certified Business Brokers handled the transition of ownership of Houston Balloons and Promotions to an experienced businessman and Houston resident, Mr. David Key. (Marketwire Press Release) -- Houston Balloons and Promotions was established over 11 years ago and was founded, owned and operated by Mr. Jim Purtee. The business offers the rental of large inflatable balloon characters as an advertising medium, mostly seen on rooftops of buildings, to local Houston businesses. It is one of the largest inflatables companies along the Gulf Coast today. Customer service has been the firm's mantra and has propelled it to its current top standing in its industry. "Though many small businesses can’t afford radio, billboard, or TV advertising, they can afford to rent an inflatable for four weeks or more for prices starting at $1200," said Purtee. "It could be Sunday evening at 7 o’clock, if one of our customers call with a problem, we solve it." Mr. Purtee engaged Certified Business Brokers to fi ...

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CBB Deal Closed -- Front Page Feature of Houston Business Journal

Dragging economy revs up auto shops ---------------------------------------------------------------------------------- Certified Business Brokers, Houston, closed the deal between Buyer, Tariq Aziz, and Seller, Wayne Ray, of Mr. Transmission, on February 27, 2009. ---------------------------------------------------------------------------------- Published February 27, 2009 -- Houston Business Journal - by Allison Wollam Tariq Aziz owned a health care software services company for 14 years. He considered the current economy, decided to change careers, and has purchased a Mr. Transmission/Milex Complete Auto Care shop. “When I look at the economy, I’m thinking that people are choosing to maintain and repair theirs cars in case, God forbid, they lose their jobs,” says Aziz. “People are willing to spend a couple-hundred dollars to maintain their cars in order to get back and forth to work. It’s a scary time right now.” A lot of concerned consumers are giving mo ...

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SBA Loans for Small Business Acquisitions Improving

The Small Business Administration today announced their support of the Federal Reserve Bank of New York and the Treasury Department to improve the TALF Program, which will help unclog the secondary market for asset-backed securities, including SBA 7(a) backed loans which is the vehicle used for small business acquisitions. “We are pleased that terms for SBA loans are continuing to improve, and TALF is moving into the implementation stage where loans will be made,” said SBA Acting Administrator Darryl K. Hairston. “SBA welcomes the recent announcement from TALF and supports its continued efforts to modify the terms to help unfreeze the secondary market for SBA loans, thus making it easier for our lending partners to make new loans to America’s small businesses.” “Three specific changes should be especially helpful to the secondary market for SBA loans. The lower collateral requirements for pools with longer expected lives; the creation of a federal funds-based rate; ...

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Indo-American Chamber of Commerce Presents Small Business Success Series

The Indo-American Chamber of Commerce of Greater Houston (IACCGH), as part of their Small Business Success Series, will be hosting a moderated dinner event at Bombay Brasserie Restaurant in Houston, Texas, on June 24, 2008. Tara Energy, headquartered in Houston and one of the largest independent retail electricity providers in Texas, is sponsoring the event. Frank Stabler, CEO of Certified Business Brokers (CBB), has been invited to serve as a distinguished panelist for the event to answer questions on the following topics: How To Sell Your Business How To Buy An Existing Business How To Finance Your Business and other related questions from guests and attendees Since 1999 the IACCGH has been a powerful advocate and important resource for businesses looking to capitalize on the tremendous opportunities presented through international trade. This organization has made a significant impact on the rich, diverse and prosperous Houston economy. For more information about this e ...

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International Business Brokers Association Convenes Its 47th Semi-Annual Conference This Month

The International Business Brokers Association (IBBA®) is having its 47th Semi-Annual Conference this month, June 1 -7, in Denver. The IBBA®, established in 1983, is the largest international non-profit association operating exclusively for the benefit of professionals and firms engaged in the various aspects of business brokerage and mergers and acquisitions. The association represents professional, ethical and practice standards by which its members operate. This semi-annual event is seven days of professional development and top-notch education and networking. Educational and Workshop courses number close to 100 and include such topics as: Up-to-date legal and tax issues that impact business transfer transactions Analyzing and recasting financial statements Techniques for pricing and maximizing value of privately-held companies Succession planning and exit strategies Negotiating the M&A Process M&A Tax Strategies and Deal Structures Solutions to closi ...

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Certified Business Brokers' M&A Group Completes the Sale of Multi-State U.S. Firm to International Strategic Acquiror

HOUSTON, TX -- May 2, 2008 -- Certified Business Brokers' M&A Group (CBB) announced the sale of a privately-held, multi-state non-destructive testing company with headquarters in Houston and regional offices in three other states in the U.S. to a multi-national strategic acquiror. The Houston-based non-destructive testing (NDT) company, which has been providing inspection services to the energy and fabrication industries for over 30 years, engaged CBB to sell the company. Terms of the transaction were not disclosed. The sale was made to a privately-held corporation headquartered in New Jersey that is well-known for providing complete NDT solutions to satisfy industry, academia and advanced NDT needs worldwide. The acquisition was part of the New Jersey company's continuing growth strategy to strengthen their overall position in the marketplace by expanding through niche acquisitions in the markets it serves. Certified Business Brokers (CBB), which has sold more companies in Houston than anyone fo ...

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Houston TABB Chapter Announces Luncheon with Guest Speaker Former Federal Reservist Bill Sherrill

HOUSTON, TX -- The Houston Chapter of the Texas Association of Business Brokers (TABB) announces their first monthly luncheon for the new year to be held February 27, 2008, featuring guest speaker Mr. William Sherrill as he presents Houston's economic forecast for 2008. Mr. Sherrill, who has significant experience in such fields as real estate development, electronics, manufacturing, banking, and finance and has made noteworthy contributions in these areas, will discuss Houston’s Economic Forecast for 2008 with the members of TABB at the Briar Club in Houston. Mr. Sherrill has been twice appointed as Governor of the U.S. Federal Reserve Board and served as Director of the Federal Deposit Insurance Corporation (FDIC). A champion of entrepreneurial management, Mr. Sherrill founded the Center for Entrepreneurship & Innovation at University of Houston's Bauer College of Business and currently serves as its Co-Chairman. Houston's Chapter of TABB hosts monthly luncheons for its members which focuses ...

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Certified Business Brokers Completes the Sale of MVP Aero Academy

Certified Business Brokers today announced the acquisition of MVP Aero Academy, an FAA Licensed Flight School in the Houston area, by a local investment group. Terms of the sale were not disclosed. Sheela Patel, new owner and Managing Partner of the investment group, stated she is pleased to be assuming the reins of the largest flight school in Houston. Dr. John Van Paasschen and Carol Maitland, the previous owners, and Harding Goodman, Operations Manager, will continue in their management capacities and will be actively involved in the operation of the business. MVP Aero Academy operates a fleet of 25 aircraft from the Weiser Airpark in Northwest Houston and the Lonestar Executive Airport in Montgomery County just North of Houston. In recent years it has experienced significant growth as the needs of major airlines for highly trained pilots have increased. Patel said, "We value each of our customers and will continue to stress quality academics and a fun flying experience. We will seek to continuall ...

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Houston - A World-Class City and Economic Powerhouse

Houston – the fourth largest city in the U.S. and the economic dynamo of Texas is also an international player in the future of global commerce. The economy of the Houston region is one of America’s largest. Its industries include oil and gas, aeronautical and space, medical research and healthcare, technology, manufacturing, logistics and shipping. The region includes America’s largest shipping port by international tonnage and the top rated logistics industry in the nation. International passenger carriers and commercial cargo carriers are positioning themselves with direct routes to Houston airports as the city gains importance in global commerce and travel. Last year, 6.4 million international passengers traveled through Bush Intercontinental Airport, a new record. The Houston Airport System expects the number of total passengers served by 2020 to be 80 million passengers a year. International patients are an important segment of Houston's increasing stream of world tr ...

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Houston Leads Future of Alternative Energy

Houston is the pacesetter in the race to a new-energy future -- Wind Energy, Biofuels, Hydrogen, Nanotechnology and Carbon-Free Energy. As investment in alternative energy surges, scientists and entrepreneurs throughout the U.S. are trying to brew up remedies for the world's so-called petroleum addiction. While it's too soon to say which of these efforts will thrive and which will wither, energy-industry veterans are increasingly confident they know where at least some of tomorrow's leaders in alternative energy will be: Houston, the home of big oil. In California, Gov. Arnold Schwarzenegger is pushing ahead with efforts to keep his state among the leaders in the development of green energy. The Midwest continues to explore new ways to exploit its competitive edge in ethanol. And Northeastern universities are pumping big money into energy research. While Houston's economy has been long known as a top producer for oil and gas, the oil industry is no longer the only energy star in town. Alternative ...

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Houston Banks On Small Business Strength

Houston-based banks feel less subprime pain -- Credit harm not as severe as in other regions By PURVA PATEL Dec. 5, 2007 Houston Chronicle National banks that were heavy into the mortgage market in parts of the country where the credit crunch has taken its toll have taken billions in write-offs related to loan defaults. Wells Fargo is taking a $1.4 billion fourth-quarter charge for expected losses related to home loans. Citigroup, Bank of America and Wachovia have also announced mortgage-related write-downs of $1 billion or more. But most Houston-based banks have been bolstered by the area's relatively strong economy and have been spared major damage from loans sold to people in the subprime market with weak or bad credit. That's because most of the banks focus on servicing small businesses. Some cutbacks -- Yet not all have escaped unscathed. A couple of local banks — Encore Bank and Franklin Bank — have cut staffs, and stock prices for some have taken hits by the overall marke ...

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Houston Economy is Predicted to Flourish for the Forseeable Future

Houston's economy will continue to flourish for the forseeable future, despite the nation's credit crisis (Houston Business Journal 11/19/07). The TrendLines report, researched by Transwestern affiliate Delta Associates, projects an average of 60,000 new jobs in the Houston area each year through 2009. Job growth will cause office vacancy to decline and office rental rates to increase through the end of 2008, the local commercial real estate firm predicts. On the industrial side, TrendLines shows demand for distribution and warehouse space will remain strong as the declining dollar helps boost exports. New industrial space will begin to accommodate demand, which will cause an increase in vacancy and the rise in rental rates to slow by year-end 2008. Chip Clarke, president of Transwestern's Gulf Coast and Mountain regions, said the growth in the energy sector and diversity among other sectors puts Houston in a good position to weather uncertainties in the financial markets. The TrendLines Group res ...

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Houston Economy -- Medical and Health Related Sectors

Houston, the home of the World's largest medical center, is getting bigger.The Texas Medical Center in Houston is in the midst of the largest expansion in its 60-year history, with planned projects through 2014 totaling more than $7 billion, officials announced this month. The center's square footage is already greater than the square footage of downtown El Paso, Fort Worth and San Antonio combined.According to U.S. Census projections, Houston's population is estimated to grow by two million residents in the next two decades and the medical center's planned growth is keeping pace with the city's future needs. The construction of new hospitals, clinics, research labs and other facilities is projected to create 30,000 more jobs over the next seven years, which will include high-paying quality jobs. The newly passed amendment this month to the Texas State constitution to create and fund the Cancer Prevention and Research Institute of Texas to the tune of $300 million a year for 10 years will be a boon to Houston ...

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International Business Brokers Association Is Holding Its 46th Semi-Annual Conference This Month

The International Business Brokers Association is having its 46th Semi-Annual IBBA and M&A Conference this month, November 11 -17, 2007, in Dallas - Frisco, Texas. The International Business Brokers Association® (IBBA®) is the largest international non-profit association operating exclusively for the benefit of people and firms engaged in the various aspects of business brokerage and mergers and acquisitions. Today, the IBBA has more than 1,950 cooperative business brokers and intermediaries across Canada, Mexico, Asia, Europe, Australia and the United States. The association represents professional, ethical and practice standards by which its members operate. This semi-annual event is seven days of professional development and top-notch education and networking. Educational and Workshop courses number close to 100 and include such topics as: Up-to-date legal and tax issues that impact business transfer transactions Analyzing and recasting financial statements Techniques f ...

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Houston Logistics Industry Is Top Rated In The Nation

Houston, Texas -among the elite in the logistics industry in the US and receives five stars in seven of the 10 major logistics categories. In their seventh annual study released this month, Expansion Management and Logistics Today magazines identifies the metro areas that can provide manufacturing companies with the strongest and most robust logistics infrastructure. For the past seven years, Expansion Management and Logistics Today magazines have partnered to produce what they call their annual Logistics Quotient™ ranking of the most logistics-friendly cities in the United States. As in years past, the study takes a look at the 362 metropolitan statistical areas (MSA) established by the Office of Management and Budget and compares them according to 10 major categories: the overall transportation & warehousing industry climate, work force/labor costs/availability/skill levels; road/highway basic infrastructure; road density and congestion; road and bridge conditions; interstate highway acce ...

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Small Business Loans Hit Record Breaking Levels in 2007

The U.S. Small Business Administration posted record-breaking loan numbers again in FY 2007, expanding access to capital to thousands of entrepreneurs across America and setting records for both the combined number and dollar volume of loans, according to their News Release today.SBA approved 110,275 loans totaling more than $20.6 billion under its two primary small business loan programs during the 12 months ending on Sept.30 2007, compared with 107,233 loans worth $20.25 billion in 2006. With the strong results in 2007, the combined outstanding loan balances in the 7(a) and 504 loan programs increased 6.5 percent to $66.7 billion. The total does not include an additional $2.65 billion in venture capital funding provided by SBA-licensed Small Business Investment Companies to more than 2,000 small businesses.The SBA plays an increasingly vital role in enabling small businesses across the country to get the capital they need to buy and grow their businesses, create jobs and build their communities. Although SB ...

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International Business Brokers Association - 45th Semi-Annual Conference This Week

The International Business Brokers Association is having its 45th Semi-Annual Conference this week, June 3 through June 9, at the Memphis Cook Convention Center in Memphis, Tennessee. The International Business Brokers Association® (IBBA®) is the largest international non-profit association operating exclusively for the benefit of people and firms engaged in the various aspects of business brokerage and mergers and acquisitions. Today, the IBBA has more than 1,800 cooperative business brokers and intermediaries across Canada, Mexico, Asia, Europe, Australia and the United States. The association represents professional, ethical and practice standards by which its members operate. This semi-annual event is seven days of professional development and top-notch education and networking. Educational and Workshop courses number close to 100 and include such topics as: Up-to-date legal and tax issues that impact business transfer transactions Analyzing and recasting financial statem ...

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Houston Small Business Owners Confident In Current Economic Climate

Administaff Announces Results of Business Survey and Compensation Data HOUSTON--(BUSINESS WIRE)Nearly 86% of small business owners say their companies are either growing as predicted or at a faster pace than forecasted, according to a Business Confidence Survey released May 8, 2007 by Administaff, with Headquarters located in Houston and a leading provider of human resources services for small and medium-sized businesses.Most of the companies – 81% – said they were positive about business conditions for the remainder of 2007, with 46% saying they plan to hire more new employees this year than they added in 2006. To fill positions, 52% said they are hiring full-time employees, while 16% said they planned to hire part-time workers.Administaff also released compensation data compiled from its client base of more than 5,700 small and medium-sized businesses throughout the country. A comparison of first-quarter data against the same period in 2006 shows that average compensation is up 6.6%.“It’s clear from the sur ...

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Boomers vs. Gen Y Business Owners -- Survey by Amex

We report on economic conditions and other issues that affect the Small Business Community and its future outlook. This survey is important because it is essentially an interview with the generations that hold, in their hands, the future impact of small business on our economy. The outlook is encouraging. Let's preface the Survey with why Small Business is so important to our economy. Small Businesses make up 97% of America's exporters and produce 26% of all export value. (Fred Smith, FedEx Corp. CEO May 2006) Small Businesses employ 50 percent of the country's private sector workforce (U.S. SBA June 2006) Small Businesses have generated 60 to 80% of net new jobs annually over the last decade (U.S. SBA June 2006) The estimated 25.8 million Small Businesses in the United States represent 99.7% of all employer firms. (U.S. SBA June 2006) In a Head-to-Head Match-Up Generations Agree Experience Gives Boomers the Advantage in Business; Gen Y More Passionate but Baby Boom ...

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Immigrant Entrepreneurs Spark Houston's Economy

I recently posted a press release article citing the increased number of acquisition inquiries that business brokers in Houston are experiencing from business owners in foreign countries. It seems that Houston is not alone. The Center for an Urban Future, a New York City-based think tank, in a press release February 6, 2007, revealed a major new study indicating that immigrant entrepreneurs have become increasingly powerful economic engines for cities. The report, titled "A World of Opportunity: Understanding & Tapping the Economic Potential of Immigrant Entrepreneurs,” documents that immigrant entrepreneurs are starting a greater share of new businesses than native-born residents. The study takes an in-depth look at immigrant-owned businesses in New York City, Los Angeles, Houston and Boston. Based on 18 months of research, this study is built upon extensive data analysis, focus groups conducted with immigrant business owners and economic development experts, and interviews with business owne ...

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Beneficial Entrepreneurial Immigration on the Rise in Houston

HOUSTON, TX (PRWEB) February 7, 2007 - As the prospects of political turmoil and economic instability develop in Latin America, Houston business brokers see increased inquiries about buying a business. Business Brokers in Houston, Texas, are noticing an increase in activity as some countries in Latin America experience political turmoil with leftist governments taking Office. The number of inquiries from various countries has increased substantially as nationalization measures are announced in Venezuela and other leftist Governments in the region. “Up to last year, the number of foreign nationals that contacted our office, other than the traditional investor, was composed primarily of people that were interested in making an acquisition or purchasing a business in order to move to the United States primarily for personal security or medical reasons. Recently though, people want to leave because of political and economic instability. The number of inquiries has consistently been growing as ...

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Houston Growth in International Trade and Logistics

Former Chairman of SCORE® Houston, a Nonprofit Organization, Takes Mission to Private Sector -- the Small Business Marketplace HOUSTON, TX -- (MARKET WIRE) -- February 21, 2007 -- After serving three years as Chair and Vice Chair of Houston Chapter of SCORE®, Thomas Pence, an expert in global trade and logistics, shifts back into the small business marketplace to take part in Houston's dynamic growth in international trade and distribution by joining Certified Business Brokers, the largest business brokerage firm in Houston. Increased international trade is spurring development of industrial properties in the Port of Houston areas to support operations of warehousing, containerization, and distribution hubs. In addition, many logistics and distribution companies are either relocating to Houston or are expanding their operations into the Houston market. The recently opened Bayport Terminal is recognized as the most state-of-the-art container terminal in the US and will triple Houston's existing ...

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