IAG is happy to announce the sale of our client Precision Powered Products in Houston, Texas
PPP is an incredible business built by a very skilled engineer over the past 35 years.
Their very technical pump products are installed on over 40% of the oil rigs in the Gulf of Mexico and more worldwide
George is the main designer and engineer of their products and will be staying on under a favorable employment agreement for at least another year. An important part of the acquisition was the transition of his knowledge and expertise
We’ve talked with many many buyers, some strategic and quite a few individuals and only very few were a potential fit in George’s eyes as his succession and continued success of the business was important to him.
Ultimately we brought two offers of the same price and George decided to go with the full cash at closing offer, as the terms were more favorable and he was more confident in the buyer continuing PPP’s legacy.
“I want to thank IAG for their efforts, input and advice in getting through this process!”
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!
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