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International Business Exchange (IBEX) announces the sale of Mackey Mechanical in Dickinson, Texas to The Cool Group LLC, a Houston based partnership on August 19th, 2020.
Mackey Mechanical was established in 1992, offering professional installation, service and maintenance of heating, ventilation and air conditioning (HVAC) systems for residential and commercial customers. The company is an authorized Lennox dealer, but performs work on virtually all systems. The business is strategically located in the rapidly growing market of the Greater Houston area.
Additionally, operations include a fabrication shop for mechanical work, sheet metal parts and custom built components. The company has 13 employees who will remain with the company. The business owners, Diane and Mike Mackey Sr., will transition out of the business over several months. Mike Mackey Jr. will remain with the company.
The Cool Group LLC saw Mackey Mechanical Services as a company with a long history and excellent reputation that could serve as a platform to grow in the HVAC industry.
IBEX had the sole and exclusive right to market and assist in selling the business. The team of Mike Miller and Jeffrey Elder served as advisors throughout the acquisition process coordinating buyer/seller communications and providing due diligence guidance. IBEX was involved during the closing process, developing documentation and timelines with the buyer, seller, attorneys, and other deal professionals.
Jeffrey Elder, MBA, IBBA Certified Business Intermediary, Texas Board Certified Business Broker Merger and Acquisition Advisor, International Business Exchange 14205 Burnet Road, Suite 640, Austin, Texas, 78728
International Business Exchange is one of the nation's most respected full service merger and acquisitions firms. Opening its doors in 1979, IBEX has listed and sold businesses with annual sales up to $100 million. IBEX associates provide business acquisition expertise and guidancewith lenders, accountants, attorneys and other professionals. IBEX participation helps avoid costly mistakes and reduces transaction expenditures to get maximum value for its clients. Successful outcomes are created by the IBEX associates listening, understanding and communicating the seller’s goals. IBEX’s dedicated advisors responsibility is to see the transaction from listing through close, helping sellers walk away with the maximum value for their life’s work.
IBEX promotes businesses for sale with complete confidentiality. IBEX works with sellers to create a professional presentation package which includes financials, a business overview and a seller interview video. IBEX places advertising on business acquisition opportunities in key merger and acquisition outlets including industry leading websites, local and national newspapers and strategic trade publications. IBEX screens buyer inquiries to develop an optimal buyer for a business sale opportunity.
IBEX is a member of the International Business Brokers Association, Merger and Acquisition Source and the Texas Association of Business Brokers. Mike Miller (email@example.com) and Jeff Elder (firstname.lastname@example.org) have been with IBEX a combined 30 plus years. Mike Miller has served as the President of Texas Association of Business Brokers and assisted in national legislation regarding the business acquisition industry. Jeff Elder was recognized as a Chairman’s Circle recipient by the International Business Brokers Association in 2017, 2018 and 2019.