International Business Exchange (IBEX) is happy to announce the successful closing of a Houston based metallurgical laboratory on October 15th, 2018 to an undisclosed industry player. The listing was on the market for over a year, but closed within 3 months.
Established in 1970, the laboratory provides independent metallurgical services for a wide array of metals manufacturers and producers. They serve fabrication forging, pipe & tube machining operations, petrochemical and casting operations.
The buyer of the business is a chemical metallurgical laboratory that wanted to add additional services to their company. The highly experienced personnel and established customer base was a driving force in the acquisition. The business seller is happy to see their employees gainfully employed and properly retired.
Acting as broker, IBEX is a collection of lower market Merger & Acquisition advisors and upper market Business Brokers. Established in 1979, we have extensive experience in selling businesses. From buyer outreach to negotiations to closing, IBEX is an industry leader and are glad to see through another successful closed deal.