Lenhorn Services Sold
Lenhorn Services, an office maintenance company, was acquired by Revolent Solutions. Steve Moore said, “This was a clear example of two companies coming together at the right time.” Lenhorn’s former owner was looking to transition from the maintenance industry and Revolent was interested in expanding their Richmond presence after acquiring River City Building Materials in 2016. Barry Krauss & Steve Moore advised the seller in this transaction.
Delta Graphic Sold
Delta Graphic, an educational furniture distributor, was acquired by an individual investor who has partnered with Delta’s former owner to continue the company’s legacy of providing schools throughout Virginia with all of their furnishing needs. Barry Krauss & Steve Moore advised the seller in this transaction.
BCLS, a provider of landscaping and snow removal services, has been acquired by PrimeSites Landscape Group Holdings, LLC. Barry Krauss advised the seller in this transaction.
TSG Services Has Been Sold to ncgCARE
Richmond, VA – Capital Business Brokers LLC, a wholly-owned division of Transact Capital Partners, is pleased to announce that TSG Services, Inc., a Richmond, VA-based adult day care center, has been acquired by ncgCARE. Capital Business Brokers served as the exclusive broker and financial advisor to TSG Services in closing the transaction.
TSG Services, Inc. was founded in 2011 and specializes in providing care for persons with intellectual and developmental disabilities through the ID and DD Waiver programs. The Company focuses on non-medical services such as supervision, daily living assistance, social support & activities, transportation, and nutrition. ncgCARE, a regional behavioral healthcare company headquartered in Richmond with approximately 1,000 employees, plans to leverage the combined firms and expand a continuing successful relationship with the Virginia Medicaid Waiver program, while creating new employment opportunities and providing exceptional service for patients.
Barry Krauss is President of Capital Business Brokers and brokered the deal. Krauss had this to say about the transaction: “We assisted Tiffany Gunn, the owner and founder, to achieve her goals of exiting the business while retaining staff and continuing to provide needed services to patients.” Ms. Gunn stated: “I am so grateful and thankful for you and your leadership as well as your staff. The whole sale process was very complex especially with the regulations and re-licensing and your patience and handholding was the only way I survived it. Thank you and your team again for getting me to closing and starting my new life in a comfortable way.”
Capital Business Brokers LLC is a business brokerage company focusing on small privately owned business located in Virginia and surrounding states.
Westhampton Bakery Sold
Westhampton Bakery, an iconic Richmond bakery, was recently sold to George and Mark Oley. The Richmond Times-Dispatch, Richmond BizSense, and WTVR featured the transaction. Barry Krauss advised the sellers in this transaction.
Cartridge World of Innsbrook Sold
Cartridge World of Innsbrook was recently sold to Bill & Michelle Papierniak. Bill was previously the General Manager of The Flying Squirrels Baseball Team. Barry Krauss advised the sellers in this transaction.
Roof Consulting Services Recapitalization
Roof Consulting Services has been recapitalized though a partner buyout. Barry Krauss advised the sellers in this transaction.
Roof Consulting Services’ predecessor was founded in 1979 and acquired by the ownership group in 2001. The Company initially focused its roof consulting services on businesses located within the mid-Atlantic states, but over the years, its projects have expanded to include the entire U.S. and beyond. Today, RCS is a nationally recognized leader in the roof consulting industry that provides services for industrial institutions, private clients, municipalities, educational institutions, and government agencies. On occasion, the Company provides technical support and quality control to various roofing manufacturers in the U.S. Its primary objective is to preserve existing roofing assemblies, and inform building owners and managers of the best possible roof system when replacement is required.
William Sanders, one of the three owners, will become 100% owner of RCS and remain CEO and president following the buyout. John Taggart and James Talley, selling partners, will remain in the business for one or more years to ensure a smooth transition to the new management structure.
The partner buyout became an optimal solution to one partner pursuing retirement and another partner wanting to grow the business further. Sanders stated “this was a win-win for all parties, as the business will continue to serve its customer base with the same goals and commitment as it did before, but allow the other owners to take money off the table to fund their retirement goals.” Sanders continued to say “Barry and his team provided the guidance to achieve this final goal, and I thank all of them for their continued efforts and professionalism to walk us through this complex process.”
SJW Concrete Sold
SJW Concrete has been sold to Technical Partners LLC. Barry Krauss advised the sellers in this transaction.
Welcome Homecare Sold
Welcome Homecare has been acquired by Avery Partners. Barry Krauss advised the sellers in this transaction.
Forest Hill Garage Sold
Forest Hill Garage, a mainstay in the Stratford Hills neighborhood of Bon Air for over 40 years, has been acquired by Forest Hill Automotive LLC.
Forest Hill Garage began as a Texaco franchise in 1976. Owner, Herman A. “Butch” Hoffman, severed his relationship with Texaco, when corporate Texaco wanted to convert the shop to a Food Mart. However, Hoffman “wanted to focus on performing repairs on foreign and domestic automobiles instead of selling cokes.” Over the decades, Mr. Hoffman proudly serviced three generations of residents from that Forest Hill location.
The new owner, Joey Henderson, Manager/Member of Forest Hill Automotive LLC, will continue to operate Forest Hill Garage as a full service automotive repair shop and State Inspection Station. With 25 years’ experience as a master technician, along with Jeff Martin’s continued employment and 32 years of service at this location, customers can expect a seamless transition.
Barry Krauss, President of Capital Business Brokers, a Richmond-based brokerage which focuses on transactions involving small, privately held businesses, represented the buyers. Steve Moore, Vice President, represented the seller. ““It is always exciting to participate in the evolution of a business, whether helping good people realize their goal to buy a business or helping those who have worked so hard to achieve their exit strategy,” Moore says.
Capital Business Brokers LLC is a business brokerage company focusing on small privately owned business located in Virginia and surrounding states. Transact Capital Partners is a full-service mergers and acquisitions advisory firm headquartered in Richmond, VA, which wholly-owns Capital Business Brokers.
To learn more about Capital Business Brokers, please call Barry Krauss at 804-612-7109 or e-mail at Barry@CapBizBrokers.com.
Rainbow Station Sold
Rainbow Station has been acquired by Blackberry Enterprises, LLC. Barry Krauss advised the sellers in this transaction.
Cassleton Consultants Sold
Cassleton Consultants has been acquired by a private buyer. Barry Krauss advised the sellerss in this transaction.