Hibbs & Associates, PLLC has been acquired by CPA Innovations, LLC

ABOUT THE DEAL:
Hibbs & Associates, PLLC (also referred to as the “Company” and “Sellers”) has been acquired by CPA Innovations, LLC (the “Buyers”).

Established in 1984 and headquartered in Bardstown, Kentucky, Hibbs & Associates, PLLC is a full-service accounting firm that specializes in a diverse range of services, including individual and business tax preparations, estates and trusts, bookkeeping and payroll services, small business consulting, retirement and estate planning as well as non-profit organization consulting. Additionally, the Company has several members of its staff that are certified Notary Publics for those occasional instances when it may be required. The Company has proven expertise in providing unsurpassed accounting services that improve efficiencies, control costs, and maximize profits for their growth-minded clients. The Company strives to be a strategic partner in the long-term success of their clients.

CPA Innovations, LLC was founded to help accounting and finance firms compete and maximize margins in this challenging environment. Teaming up with Chartered Accountants in India with a pedigree of tax and advisory experience with the top firms, CPA Innovations provides a customized service to accounting firms and help ensure a significant margin improvement on the finance and accounting services they offer their clients.

Allston Advisory Group served as the exclusive financial advisors to the Sellers, Hibbs & Associates, PLLC. Allston established a valuation assessment of the Company, prepared a thorough confidential memorandum, assisted with the Buyer’s due diligence, and facilitated the confidential sale process on behalf of the Sellers. Consequently, the transaction satisfied the Seller’s desires for liquidity and provided the employees with a pioneering new owner.

ABOUT ALLSTON ADVISORY GROUP, LLC:
Allston Advisory Group, LLC is an experienced M&A advisory firm providing mergers & acquisitions, business valuations, and exit strategies, to lower middle market companies. The firm has an established track record of serving corporate clients across a broad spectrum of industries throughout the United States. Allston Advisory Group has the experience, professional fortitude, and quality of work that enable the firm to consistently deliver high-level results to its clients.

For additional information on this deal, please contact one of our advisors.

RIVER CITY GLASS & MIRROR, INC. HAS BEEN ACQUIRED BY THE MANAGEMENT TEAM

ABOUT THE DEAL:

River City Glass & Mirror, Inc. (also referred to as the “Company” and “Sellers”) has been acquired by the Management Team (the “Buyers”).

Established in April 1993 and headquartered in Louisville, Kentucky, River City Glass & Mirror, Inc. is an independent, family-owned and operated glass company specializing in a diverse range of custom products and services, including windows, mirrors, and frameless shower doors. In addition, the Company has several skilled technicians with the expertise to ensure proper installation for any residential or commercial project. The Company’s strong reputation is garnered through emphasizing superior customer service, understanding clients’ unique glass and mirror needs, and performing cost-effective services with the highest quality thereby enhancing the value of their client’s homes and businesses.

Allston Advisory Group served as the exclusive financial advisors to the Sellers, River City Glass & Mirror, Inc. Allston established a valuation assessment of the Company, prepared a thorough confidential memorandum, assisted with the Buyer’s due diligence, and facilitated the confidential sale process on behalf of the Sellers. Consequently, the transaction satisfied the Seller’s desires for liquidity and provided the Management Team with an opportunity for ownership.

ABOUT ALLSTON ADVISORY GROUP, LLC:

Allston Advisory Group, LLC is an experienced M&A advisory firm providing mergers & acquisitions, business valuations, and exit strategies, to lower middle market companies. The firm has an established track record of serving corporate clients across a broad spectrum of industries throughout the United States. Allston Advisory Group has the experience, professional fortitude, and quality of work that enable the firm to consistently deliver high-level results to its clients.

For additional information on this deal, please contact one of our advisors.

LOUISVILLE SIGN COMPANY, INC. HAS BEEN ACQUIRED BY B SIGN GROUP

ABOUT THE DEAL:

Louisville Sign Company, Inc. (also referred to as the “Company” and “Sellers”) has been acquired by B Sign Group (the “Buyers”).

Established in 1996 and headquartered in Mt. Washington, Kentucky, Louisville Sign Company, Inc. is an independent, family-owned and operated sign company offering a huge array of products and services including monument signs, channel letters, sign cabinets, sign face, neon signs, vinyl signs and custom signs. Additionally, the Company has several skilled technicians with 20+ years of experience in the sign industry, and all are licensed electricians.

The Bottom Sign Company name has been around since 1955. Brothers Bob and Joe Bottom originally opened the doors in New Albany, Indiana in April of 1955. They quickly gained a reputation for their dedication to customer service and quality in the signs they created. In 2005, Joey Bates, a friend of the family, acquired Bottom Sign Company from the second generation of the Bottom family. With the acquisition of Eagle Sign & Design in 2017, the B Sign Group was formed, and Joey, along with his talented team of professionals, has turned B Sign Group into the area leader for custom signs, vehicle wraps, and sign services.

Allston Advisory Group served as the exclusive financial advisors to the Sellers, Louisville Sign Company, Inc. Allston established a valuation assessment of the Company, prepared a thorough confidential memorandum, assisted with the Buyer’s due diligence, helped the Buyers obtain financing for the transaction, and facilitated the confidential sale process on behalf of the Sellers. Consequently, the transaction satisfied the Seller’s desires for liquidity as well as provide employees with a reputable and customer-focused new owner.

ABOUT ALLSTON ADVISORY GROUP, LLC:

Allston Advisory Group, LLC is an experienced M&A advisory firm providing mergers & acquisitions, business valuations, and exit strategies, to lower middle market companies. The firm has an established track record of serving corporate clients across a broad spectrum of industries throughout the United States. Allston Advisory Group has the experience, professional fortitude, and quality of work that enable the firm to consistently deliver high-level results to its clients.

For additional information on this deal, please contact one of our advisors.

DELTA SERVICES, LLC HAS BEEN ACQUIRED BY THE STATE GROUP, INC.

ABOUT THE DEAL:

Delta Services, LLC has been acquired by The State Group Inc. Established in 2004 and headquartered  in Louisville, Kentucky, Delta Services is a privately-owned, bonded and fully-insured electrical contractor specializing in various types of electrical construction, communications systems, fire and security systems, safety services, utility distribution services, and PLC controls.

Headquartered in Toronto, Canada and founded in 1961, The State Group provides comprehensive electrical and mechanical trade services to Fortune 100 companies in the power generation, automotive, oil and gas, communications, metals and transportation industries. Backed by New York-based private equity firm, Blue Wolf Capital Partners LLC, and Vancouver-based private equity firm, Yellow Point Equity Partners, The State Group operates 18 offices throughout the United States and Canada and employs over 800 professionals and skilled trades-persons from over 150 locales across eleven crafts who perform nearly 2,000 jobs each year repairing, maintaining and constructing enterprise-vital infrastructure with a relentless focus on safety and quality execution.

Allston Advisory Group served as the exclusive financial advisor to Delta Services, LLC, and conducted a confidential, competitive sale process that included both strategic and financial buyers.

ABOUT ALLSTON ADVISORY GROUP, LLC:

Allston Advisory Group, LLC is an experienced M&A advisory firm providing mergers & acquisitions, business valuations, and exit strategies, to lower middle market companies. The firm has an established track record of serving corporate clients across a broad spectrum of industries throughout the United States. Allston Advisory Group has the experience, professional fortitude, and quality of work that enable the firm to consistently deliver high-level results to its clients.

For additional information on this deal, please contact one of our advisors.

COMSTOCK BROTHERS ELECTRIC COMPANY, LLC HAS BEEN ACQUIRED BY THE STATE GROUP INC.

ABOUT THE DEAL:

Comstock Brothers Electric Company, LLC has been acquired by The State Group Inc. Established in 1999 and headquartered  in Louisville, Kentucky, Comstock is a privately-owned, bonded and fully-licensed electrical contractor specializing in various types of power distribution, electrical construction, process controls, conveyors, package handling, automotive, design-build and electrical testing.

Headquartered in Toronto, Canada and founded in 1961, The State Group provides comprehensive electrical and mechanical trade services to Fortune 100 companies in the power generation, automotive, oil and gas, communications, metals and transportation industries. Backed by New York-based private equity firm, Blue Wolf Capital Partners LLC, and Vancouver-based private equity firm, Yellow Point Equity Partners, The State Group operates 18 offices throughout the United States and Canada and employs over 800 professionals and skilled trades-persons from over 150 locales across eleven crafts who perform nearly 2,000 jobs each year repairing, maintaining and constructing enterprise-vital infrastructure with a relentless focus on safety and quality execution.

Allston Advisory Group served as the exclusive financial advisor to the Comstock Brothers Electric Company, LLC, and conducted a confidential, competitive sale process that included both strategic and private equity buyers.

ABOUT ALLSTON ADVISORY GROUP, LLC:

Allston Advisory Group, LLC is an experienced M&A advisory firm providing mergers & acquisitions, business valuations, and exit strategies, to lower middle market companies. The firm has an established track record of serving corporate clients across a broad spectrum of industries throughout the United States. Allston Advisory Group has the experience, professional fortitude, and quality of work that enable the firm to consistently deliver high-level results to its clients.

For additional information on this deal, please contact one of our advisors.

EXPRESS WASTE REMOVAL HAS BEEN ACQUIRED BY A PRIVATE INVESTMENT GROUP

ABOUT THE DEAL:

Express Waste Removal and Recycling (also referred to as the “Company” and/or “Sellers”) has been acquired by a Private Investment Group (the “Buyers”).

Headquartered in Ellettsville, Indiana, the Company has provided cost-effective, reliable waste collection for over a decade to individuals and businesses throughout Bloomington, Ellettsville, and various other parts of Monroe County. The Company has grown its portfolio of customers through its strategic focus on customer density and superior customer service.

Allston Advisory Group served as the exclusive financial advisor to the Sellers, Express Waste Removal. Allston established a valuation assessment of the Company, assisted with the Buyer’s due diligence, and facilitated the confidential sale process on behalf of the Sellers. Consequently, the transaction satisfied the Seller’s desires for liquidity.

ABOUT ALLSTON ADVISORY GROUP, LLC:

Allston Advisory Group, LLC is an experienced M&A advisory firm providing mergers & acquisitions, business valuations, and exit strategies, to lower middle market companies. The firm has an established track record of serving corporate clients across a broad spectrum of industries throughout the United States. Allston Advisory Group has the experience, professional fortitude, and quality of work that enable the firm to consistently deliver high-level results to its clients.

For additional information on this deal, please contact one of our advisors.

PEDIA RESEARCH, LLC HAS BEEN ACQUIRED BY QUALMEDICA RESEARCH, LLC

ABOUT THE DEAL:

Pedia Research, LLC (also referred to as the “Company,” “Pedia,” or “Sellers”) has been acquired by Qualmedica Research, LLC (“Qualmedica” or the “Buyers”).

Headquartered in Evansville, Indiana, Pedia is a focused team of health professionals that are dedicated solely to “Improving Health Through Research.” The Company’s team includes study coordinators, physicians, scientists, nurses, and administrative specialists. Together, with its study volunteers and study sponsors, the Company conducts clinical research studies to establish the efficacy and safety of pharmaceutical and health care products for infants, children, adolescents, and adults. For over twenty years, Pedia Research, LLC has provided vital research data to its pharmaceutical clients to support their new or improved medications to prevent and treat disease. The Company also promotes the advancement of medical knowledge by contributing or authoring the published results of its research findings. Pedia is a leader in discovering innovative ways to recruit and improve the processes of conducting clinical trials and strives to be a strategic partner in the long-term success of their clients.

Qualmedica Research, LLC is a multi-site, clinical research provider with over twenty years of experience providing high-quality, compliant pharmaceutical research. Qualmedica’s mission is to enable better health for patients that will benefit from new or improved drugs. Qualmedica partners with physicians and sponsors to bring therapeutics to market that are safe, effective, and meaningful to a patient’s quality of life. Qualmedica Research, LLC has extensive experience conducting phase II, III, and IV trials across a comprehensive list of conditions, and a customer list that includes more than 100 pharmaceutical companies and CROs.

Allston Advisory Group served as the exclusive financial advisor to the Sellers, Pedia Research, LLC. Allston established a valuation assessment of the Company, conducted a confidential and competitive sale process, assisted with the Buyer’s due diligence, and facilitated a successful transaction on behalf of the Sellers.

ABOUT ALLSTON ADVISORY GROUP, LLC:

Allston Advisory Group, LLC is an experienced M&A advisory firm providing mergers & acquisitions, business valuations, and exit strategies, to lower middle market companies. The firm has an established track record of serving corporate clients across a broad spectrum of industries throughout the United States. Allston Advisory Group has the experience, professional fortitude, and quality of work that enable the firm to consistently deliver high-level results to its clients.

For additional information on this deal, please contact one of our advisors.

KENTUCKY BOURBON BARREL HAS BEEN ACQUIRED BY INDEPENDENT STAVE COMPANY

ABOUT THE DEAL:

Kentucky Bourbon Barrel (the “Company” and “Sellers”) has been acquired by Independent Stave Company (“ISC” and “Buyers”). Headquartered in Louisville, Kentucky, an important crossroads for the bourbon industry, the Company is a family-owned business selling high-quality, ready-for-filling used barrels to distilleries, wineries, and breweries around the world. The Company has become well-known for the quality of its used bourbon and whiskey barrels; imparting desirable aromas and flavors to a wide range of spirits.

Independent Stave Company is a dynamic, family-owned cooperage company reaching customers in more than 40 countries. Founded by the Boswell family in 1912, ISC still embraces the core values of family, innovation, community, and hard work. ISC crafts new oak barrels and other world-class cooperage products destined for the spirits, wine, and brewing industries. The acquisition of the Company by ISC will enable further support of their existing clients by providing access to sought-after, previously-filled, barrels; offering unique nuances, thanks to the original, and sometimes exotic, liquids the barrels have aged.

Tim Ratliff, President and co-owner of Kentucky Bourbon Barrel, stated, “I am excited to have found a partner who shares our vision, seeks to honor our founding principles, and brings more than 105 years of experience in the cooperage industry. We will evaluate potential for growth as we move forward, but our dedication to quality and service will remain top priority. KBB expects our clients to benefit from this partnership through greater availability and increased diversity in our product portfolio.”

Allston Advisory Group served as the exclusive financial advisor to the Sellers, Kentucky Bourbon Barrel. Allston established a valuation assessment of the Company, assisted with the Buyer’s due diligence, and facilitated the confidential sale process on behalf of the Sellers. Consequently, the transaction satisfied the Seller’s desires for liquidity and a tax-free stock exchange as well as provide employees with an established, high-growth, and well-capitalized new owner.

ABOUT ALLSTON ADVISORY GROUP, LLC:

Allston Advisory Group, LLC is an experienced M&A advisory firm providing mergers & acquisitions, business valuations, and exit strategies, to lower middle market companies. The firm has an established track record of serving corporate clients across a broad spectrum of industries throughout the United States. Allston Advisory Group has the experience, professional fortitude, and quality of work that enable the firm to consistently deliver high-level results to its clients.

For additional information on this deal, please contact one of our advisors.

NEWS SOURCES: 

BRASCH CONSTRUCTORS, INC. HAS BEEN ACQUIRED BY A.L. POST, INC.

ABOUT THE DEAL:

Brasch Constructors, Inc. (also referred to as the “Company” and “Sellers”) has been acquired by A.L. Post, Inc. (“Post” and the “Buyers”). Established in 1989 and headquartered in Louisville, Kentucky, the Company is one of Kentucky’s leading construction companies. From new construction and site evaluation to Design-Build work, Brasch Constructors continually exceeds expectations on both large and small projects.

Established in 2001, A.L. Post, Inc. specializes in the engineering, design, and construction of commercial and industrial facilities. The firm is headquartered in Louisville, Kentucky, and has completed projects across the United States, including Kentucky, Indiana, Ohio, Georgia, Texas, Iowa, Nebraska, Utah, and Idaho. A.L. Post has a vast portfolio representing historic, medical, dental, faith-based, commercial, and industrial projects. Since inception, Post has initiated and executed construction contracts in excess of $150,000,000.

Allston Advisory Group served as the exclusive financial advisor to the Sellers, Brasch Constructors, Inc. Allston established a valuation assessment of the Company, assisted with the Buyers’ due diligence, and facilitated the confidential sale process on behalf of the Sellers.

ABOUT ALLSTON ADVISORY GROUP, LLC:

Allston Advisory Group, LLC is an experienced M&A advisory firm providing mergers & acquisitions, business valuations, and exit strategies, to lower middle market companies. The firm has an established track record of serving corporate clients across a broad spectrum of industries throughout the United States. Allston Advisory Group has the experience, professional fortitude, and quality of work that enable the firm to consistently deliver high-level results to its clients.

For additional information on this deal, please contact one of our advisors.

U.S. NUT AND BOLTS HAS BEEN ACQUIRED BY STOCK’D SUPPLY

ABOUT THE DEAL:

U.S. Nut and Bolts (the “Company” and “Sellers”) has been acquired by Stock’d Supply (“Stock’d” or the “Buyers”). Headquartered in Louisville, Kentucky, the Company, a full service fastener distributor, has served the commercial, industrial and manufacturer sectors for nearly ten years.

Stock’d Supply was born in 1979 as Bolts & Nuts Corporation in Chattanooga, TN as a regional fastener distributor, supplying businesses within 70 miles of its facility. The acquisition of the Company by Stock’d further supports Bolts & Nuts’ growth and expansion strategy, following the recent opening of its new headquarters in Chattanooga, Tennessee and new facility in Danville, Kentucky. With a new branch in Louisville, Bolts & Nuts broadens its ability to serve strategic manufacturers and OEMs in the Commonwealth of Kentucky, southern Indiana, and Ohio.

Randy Crowdis, CEO of U.S. Nuts and Bolts, said, “In combining with Bolts & Nuts, our team acquires the advantages of global scale while marrying up with a company whose core values are focused on delivering value to our four key stakeholders: customers, team members, community, and suppliers.”

Allston Advisory Group served as the exclusive financial advisor to the Sellers, U.S. Nut and Bolts. Allston established a valuation assessment of the Company, prepared a thorough confidential memorandum, assisted with the Buyer’s due diligence, and facilitated the confidential sale process on behalf of the Sellers. Consequently, the transaction satisfied the Seller’s desires for liquidity as well as provide employees with an established, high-growth and well-capitalized new owner.

ABOUT ALLSTON ADVISORY GROUP, LLC:

Allston Advisory Group, LLC is an experienced M&A advisory firm providing mergers & acquisitions, business valuations, and exit strategies, to lower middle market companies. The firm has an established track record of serving corporate clients across a broad spectrum of industries throughout the United States. Allston Advisory Group has the experience, professional fortitude, and quality of work that enable the firm to consistently deliver high-level results to its clients.

For additional information on this deal, please contact one of our advisors.

NEWS SOURCES: