We are pleased to announce this successful transaction. The business is a 30-year-old company operated by the same 2 partners since it’s inception. Both partners were ready to retire.
The sellers were referred to Sunbelt by Steve Drake a well known Houston, Texas financial planner and host of his own financial radio show called Money Matters.
The business specializes in the management of Homeowners Associations.
The buyer had experience in working for an association management firm and was able to finance the purchase with a very attractive bank loan from Allegiance Bank utilizing the SBA Loan Guarantee program. Gary Henderson managed the process for Allegiance Bank.
The buyer will assure the business lives on long past the time when the founders were able to operate the company.
We are proud to be a part of this transaction that enables longtime business owners to realize the value created in their business and retire in the comfort they had worked so hard to earn.