Sigma Mergers & Acquisitions Assists in Sale of Grapevine Crating and Packing Company

DALLAS, Tex. – L & L Pro Pac, Inc., a Grapevine-based commercial crating and packing company, was acquired this week by LBB, Ltd. in a transaction facilitated by Dallas’ Sigma Mergers & Acquisitions.

L & L is one of North Texas’ leading commercial crating and packing operations. Whether it’s fragile electrical components, heavy-duty oil rig equipment, hazardous materials or even livestock, L & L has the resources and expertise to crate and pack any freight for international or domestic delivery by air, water, motor or rail.

L & L founders Les and Linda Farmer attempted to sell their company three years ago, but their representative at that time was unable to locate a suitable buyer with the ability to obtain financing for the acquisition. With no reasonable deal on the table, they decided to put the sale on hold – but after a couple of years the retirement itch was back and the Farmers this time reached out to Sigma for help.

In less than six weeks from taking the company to market, Sigma senior business advisor Jeremy Furtick was able to generate 12 offers for L & L, three of which were above the asking price. After having the opportunity to interview their top-five candidates, the Farmers decided on LBB, Ltd’s president, Ken Pierce.

“To say we were thrilled with the results Jeremy produced would be an absolute understatement,” Mr. Farmer said. “One qualified buyer would have been a blessing, but to have him bring 12 offers to the table was something Linda and I never dreamed of.

“This company is our baby, and some of our employees have been with us for more than a decade – so finding the right buyer was as important as getting the right deal. By delivering such an outstanding group of buyers, Jeremy gave us the chance to cherry-pick the person we were the most comfortable with to take over L & L – and to get more than our asking price was just the icing on the cake!”

Mr. Pierce already owned a successful fastener distributorship in Lubbock that he purchased several years ago. But his wife and family were anxious to relocate within the state, which had him looking for acquisition opportunities in the Austin and Dallas areas.

“I looked at a lot of opportunities across Texas for something I felt comfortable taking over in an area that my wife would be happy moving to,” said Mr. Pierce. “It’s difficult to adequately review a business opportunity from 500 miles away, but Sigma made it simple with their online system and video presentation. I was able to ‘meet’ Les and Linda on camera from the comfort of my own home office, and the minute I finished watching that video I knew this was the right opportunity for me and the Farmers were the kind of people I wanted to work with – without Sigma’s unique presentation I may have never taken a second look.”

“Les and I know we made the right choice,” said Mrs. Farmer. “Already, our employees have taken a liking to Ken and we can tell he’s going to be a huge success growing L & L to new heights. We passed on some other outstanding buyers, so it was a stressful decision – thankfully Jeremy was right there with us throughout the entire process offering his experience and opinions and making this easier and smoother than we ever thought possible.”

Sigma Mergers & Acquisitions’ (www.sigmamergers.com) roots as a Dallas business brokerage and M&A firm date back to 1984. After the company was acquired in 2004, Sigma has grown into one of the country’s most successful firms of its kind. The proprietary Sigma DealMap™ process has changed the way businesses are sold in Texas and has established Sigma as one of the most productive business brokerage and M&A firms in the country year after year. Sigma has closed more than 500 business transactions since 2004, and on average those businesses have sold for 95% of their asking prices.

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About Dallas Business Broker

Jeremy comes from a long line of entrepreneurs – his great-grandfather ran a Dallas dairy farm at the turn of the 20th Century, his grandmother founded one of Dallas’ oldest private schools in the 1950s and his parents started a specialty advertising firm in Garland in 1982 that is still in operation today. So it’s no surprise that Jeremy would find himself working directly with business owners today. He understands the unique challenges business owners face and knows how important business transaction services are to their futures. Jeremy’s education, creativity and experience, along with his straight-forward, meticulous personality are all keys to his success. Prior to Sigma Mergers & Acquisitions' ending its contract with VR Business Brokers, the world’s largest business sales franchise organization, and becoming an independent firm, Jeremy became one of the most decorated and successful agents in the 35-year history of that franchise. Starting in 2007, his first full year with Sigma, Jeremy was named VR’s No.1 worldwide agent – the first “rookie” to achieve this prestigious feat in franchise history. He finished No.1 a second time in 2013, becoming the franchise’s only repeat winner. And in 2014 he was well on his way to another No.1 ranking before Sigma ended its franchise relationship. Jeremy was also a top-ten agent three other times, and received the franchise’s quarterly National Victory Register award 25 times in 33 quarters. Jeremy graduated from Texas A&M University in 1998 with a B.S. in journalism and a marketing minor, before earning an MBA from The University of Texas at Dallas in 2003. Prior to joining HBG, Jeremy spent seven years at KRLD NewsRadio 1080 and the Texas Rangers Radio Network in advertising sales and sales management, then served as vice president of accounts with Reef Securities, an oil and gas broker-dealer. Jeremy is also a licensed real estate salesperson in the State of Texas.
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