IAG is happy to announce the sale of our client Lonestar Design Build in Bedford Texas
LoneStar Design Build was owned by a husband and wife team who built the company over the past 15 years.
Kathi Fleck held the role of designer, and Don Fleck managed the construction end of the business. When they arrived at retirement age, they decided to put the business up for sale.
The business was well run and it had a great track record of consistent earnings.
There were multiple offers for the business, so Kathi had the opportunity to decide who she thought would be the best fit.
She made her selection, and the buyer applied for a loan. In December, two weeks before closing, the buyer decided he didn’t like the terms he was offered, so he informed the sellers that he was going to start the process over again with another lender.
The sellers considered moving to another buyer, but ultimately, agreed to go through the process a second time. So instead of closing at the end of December, the final documents were submitted and approved to close the first week in April.
Thanks to IAG’s team of transaction specialists, this client received full asking price and was able to help the buyer find a bank that would fund the sale!
“IAG is the best and we owe it all to their team!”
Our Transaction Specialists work hard to ensure you cross the finish line – we have the resources, the team, and the contacts to get it done!
We can sell your business too!
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