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 for more than three decades, represented the seller and provided professional marketing, valuation, structuring and negotiation services.
Founded in 1974, Certified Business Brokers is the largest business brokerage firm in Texas and one of the largest in the country. The firm was a founding member of the International Business Broker Association (IBBA), the largest business broker association in the world, and a founding member of the Texas Association of Business Brokers (TABB), the precursor and model used to form the IBBA and other business broker associations across the country. Their clients are small to mid-market privately-held companies. Their services include Mergers & Acquisitions, Business Brokerage, and Business Valuations.
More information about Certified Business Brokers is available at (713) 680-1200 or www.certifiedbb.com.
Rose Stabler, Managing Partner
CBB – Certified Business Brokers