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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 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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