International Business Exchange (IBEX) announces the sale of MTK Resinous Flooring (MTK) on January 24, 2020. IBEX served as the exclusive merger and acquisition advisor to MTK and owner, Tom Sullivan.
Founded in 2009, MTK is a leader in the planning, preparation and installation of highly durable industrial and commercial flooring systems. The flooring systems include resinous applications, coatings, and other polymer products used to improve the usability, longevity and appearance of the surface. Factory trained and certified installers, primarily serving Texas, Oklahoma and Louisiana, install these flooring systems. MTK holds an exclusive marketing, sales and installation arrangement with global flooring distributor Silikal, headquartered in Germany. MTK is one of the premier installers for Silikal America.
The acquiring investor group was headed by Reiner Brasch and Mark Chudik who are now principals with MTK. Mr. Brasch is a Dallas-based investor with a successful track record in both commercial real estate and operating company investments, including The Villas at Cortina (Telluride, CO), The 505 Cedar Creek Ranch Club (Mabank, TX) and HollyTree Country Club (Tyler, TX). Mr. Chudik is a Dallas-based investor with a lengthy background in commercial real estate investments with several institutional equity and debt investment firms, including Olympus Real Estate Partners, NorthStar Asset Management Group and H/2 Capital Partners.
Tom Sullivan, who will be a partner with the new ownership group and continue to serve as President of MTK, commented, “We are excited about the combined ownership team and are looking forward to the growth opportunities that the new partnership offers, both in the form of business development channels and additional capital for business expansion.
The IBEX team of Mike Miller and Jeffrey Elder was instrumental throughout the acquisition process in coordinating buyer/seller communications and providing comprehensive due diligence materials. IBEX was involved during the closing process in coordinating documentation and timelines with the buyer, seller, attorneys, lender and other deal professionals.”
Jeffrey Elder, MBA, IBBA Certified Business Intermediary,
Texas Board Certified Business Broker Merger
and Acquisition Advisor, International Business Exchange
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