Wednesday, March 17, 2015
FOR IMMEDIATE RELEASE
Attention: Sun Acquisitions has been engaged to sell a dynamic Chicago-based plumbing business.
Contact: Jordan Whitehurst, Director of Corporate Development
Address: 8735 W. Higgins Road, Suite 160, Chicago, IL 60631
Sun Acquisitions (www.sunacquisitions.com) announced today that Fred Stephenson, Senior Advisor, has been engaged to sell a Chicago-based plumbing business with more than 30 years of experience. Sun Acquisitions will manage this entire engagement and advise on deal structures to ensure a successful transaction is completed. Engaging an intermediary in the sale of a business assures business owners that they will get the best pricing and terms, the transaction will remain confidential, and most importantly, give the business owner the freedom to concentrate on his business.
The plumbing services industry generates 97.2 billion dollars in annual revenue and the Chicago market is primed for excellent opportunities for these types of services. Commercial buildings and residential buildings make up over 50% of the plumbing industry’s major market segmentation, which puts a Chicago-based plumbing business with 30 years of experience in the center of a great opportunity to get long-term maintenance contracts (which make up 28% of the industries revenue).
Looking at the plumbing industry as a whole, it is one of the many subcontracting industries essential to residential and non-residential building markers. Plumbers are needed to both install systems for new construction and to repair and maintaining the systems of existing structures.
The industry has a low level of technological change, making it a very affordable business to maintain. If anything, traditional materials for constructing drainage, sewerage or guttering will continue to be replaced by more flexible and cheaper matierials.
About Fred Stephenson
Fred has over 30 years of experience as a former business owner and company executive. Fred owned and operated a commodities transportation business for many years which enables him to understand the needs of business owners when it comes to selling their firms. In addition to business ownership, Fred was a member of the Board of Trade and a Senior Banker for Charter One. At Charter, Fred helped small and mid-sized companies develop sound fiscal and financial strategies for long-term success.
Fred is a graduate of Purdue University with a degree in economics. His broad experience and education are a perfect fit when helping clients understand the value of their businesses and how to maximize the return on the investment.
About Sun Acquisitions
Sun Acquisitions provides mergers and acquisition services to clients interested in the confidential sale, acquisition or valuation of privately held mid-market companies. We have successfully managed and handled engagements across all industries and are recognized as a leading advisory firm in the Midwest. www.sunacquisitions.com
Contact Sun Acquisitions for more information at 773-243-1603.