Sold Business: Plumbing IBEX Business Exchange

International Business Exchange (IBEX) announces the completion of the sale of RAM 2 to a division of Gibson Plumbing of San Antonio in January 2021.

Gibson, a major force in the industry was looking for an acquisition to complement its ability to expand its service to existing clients. RAM 2, with a 45 year history in San Antonio of completing on time and on budget utilities installations was the perfect fit for Gibson Plumbing. RAM 2’s expertise in utility infrastructure construction including the specific skillset of directional drilling for storm water, sewer and natural gas installations was a perfect extension for Gibson Plumbing high rise apartment and multi/single- family work.

IBEX had the sole and exclusive right to market and assist in selling the business. The team of Frank Edwards 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.

IBEX was also instrumental throughout the acquisition process in coordinating buyer/seller communications and providing comprehensive due diligence materials. IBEX was involved in the closing process coordinating documentation and timelines with the buyer, seller, attorneys, lender and other deal professionals.

International Business Exchange (IBEX) is one of the oldest and largest independently run M&A advisories in the US, helping owners and executives transition their businesses or transition ownership since 1979. Our team of five advisors collectively have more than a century of corporate leadership at Fortune 500 and middle market companies. More importantly, IBEX advisors have executed hundreds of transactions as both corporate executives and third party advisers. Our sole job is to see you from listing through close, helping you walk away with top market value for your life’s work. IBEX is belongs to the International Business Brokers Association (IBBA), Merger and Acquisition Source and the Texas Association of Business Brokers (TABB)

IBEX is a member of the International Business Brokers Association, Merger and Acquisition Source and the Texas Association of Business Brokers. Mike Miller (mmiller@ibectx.com) and Jeffrey Elder (jelder@ibectx.com) have been with IBEX a combined 35 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. Jeffrey Elder was recognized as a Chairman’s Circle recipient by the International Business Brokers Association in 2017, 2018 and 2019.