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 find a buyer for Houston Balloons and Promotions that would continue his philosophy while adding value to the company after transition. Mr. Key contacted Ryan DeGennaro at CBB looking for a business that had national growth potential, had a sustainable management structure, and a highly marketable product . Houston Balloons was a perfect match.
“Ryan worked hand-in-hand with me through the entire transaction and was able to solve all the issues that arose.” said Key.
Mr. Key has big plans for Houston Balloons. “Service excellence will remain unchanged in this transition. However, we have plans in motion to work with national companies to provide promotional balloon rentals across the U.S.,” said Key.
CBB provided valuation and marketing services and represented the seller in the sale. Frank Stabler and Ryan DeGennaro handled the details of the transaction.
For more information, visit http://www.houston-balloons.com/
About Certified Business Brokers (CBB)
Certified Business Brokers, established in 1974, is one of the pioneers of the business brokerage profession and is Texas’ largest business brokerage firm. They are a founding member of the International Business Brokers Association (IBBA), the largest business brokers association in the world. They are specialists in Business Brokerage, Mergers and Acquisitions, and Business Valuations and Appraisals.