Saturday, March 21, 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
Phone: 773-243-1603
Email: [email protected]
URL: www.sunacquisitions.com
Chicago, Illinois
Sun Acquisitions (www.sunacquisitions.com) announced today that Domenic Rinaldi 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 materials.
Since the industry’s performance is linked to the extent to which consumers are willing to renovate kitchens and bathrooms, the housing market’s fluctuations led to a moderate increase in volatility over the past five years. However, the industry performance as a whole remained relatively stable because of the demand for long-term facilities maintenance and repairs.
Sun Acquisitions has an established history for making timely and efficient business transactions and is looking forward to helping this Chicago-based business find a buyer.
Contact Sun Acquisitions for more information 773-243-1603
