Commercial Carpet Cleaning Business Under New Ownership Thanks to Sigma Mergers & Acquisitions

DALLAS, Tex. – Stonehearth Ventures, Inc. completed its acquisition of Forney-based Universal Cleaning Specialists last week with assistance from Sigma Mergers & Acquisitions.

UCS is a carpet cleaning and restoration operation that specializes in servicing the apartment industry all across North Texas. Its primary function is to provide carpet cleaning as part of a property’s make-ready process done in the time between one tenant vacates and a new tenant takes over a unit. This creates significant time-sensitivities for the clients, which leads to scheduling challenges for the companies servicing them. These unique circumstances, coupled with the complexities of cleaning apartments, truly make UCS a niche service-provider.

UCS founder Joe Davis has worked in the carpet cleaning industry for decades, starting and selling companies in various parts of Texas. Some might call him a “serial entrepreneur,” as he has always had a knack for building companies from the ground-up – but then it’s not long before he’s eying the next opportunity to do it all over again.

“I get a lot of satisfaction from starting and building a company,” Davis said, “but once it’s up-and-running successfully and turning a profit, I start to lose a little interest. I opened UCS 10 years ago, grew it throughout the recession and just finally got to a point where I was ready to hand it off to someone looking for a solid, cash-flowing business so I could move on to my next new venture.”

Stonehearth Ventures president Craig Winchell turned out to be just the person Davis was looking for – someone who could appreciate where the company was currently positioned and understood all of the opportunities the business would offer if the right person took it over.

“The most important thing for me in regards to a business acquisition was potential,” said Winchell. “There were obviously a lot of other factors used to make the decision, but ultimately I wanted to take over a successful business that I felt had significant room for top and bottom line growth – whether it be through managing the P&L more efficiently, streamlining operations or investing growth capital to expand the business’ reach. I saw a lot of these opportunities with UCS. Joe built a great company primed for someone with my perspective to step in and move the company forward.”

As good a fit as this transaction looked to be for both parties, it was not without some challenges along the way – namely in negotiating the finer points of the agreement between the attorneys. That’s where Sigma president Scot Cockroft and senior business advisor Jeremy Furtick offered the most assistance.

“Attorneys are just looking out for their clients’ best interests, but many times that can be counter-productive to getting to a resolution if not handled properly,” Winchell said. “Sigma was really instrumental in ‘translating’ across the table what it was that both Joe and I were trying to accomplish through our attorneys, which helped us understand better what the true issues were and ultimately get a logical deal done.”

“There’s no question Craig and I and our attorneys could not have hammered this deal out without Scot and Jeremy’s help,” Davis added.

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.

Advertisements

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.
This entry was posted in Selling a Business, Successful Transactions and tagged , , , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s