Sigma Mergers & Acquisitions Assists in Sale of Durable Medical Equipment Company

DALLAS, Tex. – D.M.E. Scooters and More, Inc., a North Texas based multi-location durable medical equipment company, was acquired this week by 101 Gordon Investment Group, Inc. in a transaction facilitated by Sigma Mergers & Acquisitions.

Scooters & More operates retail locations in Plano and Ft. Worth, as well as having a strong web-based presence and even a rental fleet at Dallas Market Center. The company offers any and all things related to medical mobility – from $40,000 therapeutic power wheelchairs and lifts installed on vehicles, to personal scooters and even canes or walkers, their specialty is helping people stay mobile no matter how slight or serious their ailments may be.

D.M.E. Scooters and More, Inc. president Scott Compton acquired the 10-year-old business in 2009 from the founder as part of an acquisition strategy that saw his group purchasing similar businesses across the southern United States. After streamlining and growing the business, their strategic vision changed and it was time to locate a buyer. Mr. Compton interviewed several business brokerage offices and ultimately decided to trust the sale to Sigma.

In less than six weeks from taking the company to market, Sigma senior business advisor Jeremy Furtick was able to generate three qualified offers for Scooters & More. After serious consideration, Mr. Compton decided on 101 Gordon Investment Group, Inc.’s president, Andy Gordon.

“Having bought and sold several companies over the years we had certain expectations when it came to putting Scooters & More on the market,” Mr. Compton said. “Jeremy and Sigma certainly delivered on those expectations by bringing us multiple buyers – and not just any buyers, but quality people with a sincere interest in buying our company and the ability to do so.”

At the time he located Scooters & More, Mr. Gordon was well into a business search. He was ready to move out of corporate America and into a thriving business he could continue to grow. This opportunity peaked his interest not only because it fit his financial requirements, but also because of his wife’s background in physical therapy.

“At first blush, this business looked like a good fit for me,” said Mr. Gordon. “As we got further into the analysis it became clear this was the opportunity we had been looking for – something with a solid future that we could operate as a family business and both my wife and I could really bring value to as the owners.”

The process of finding a lender proved to be challenge due to some of the unique attributes of the business and delayed the transaction on several occasions. In the end Mr. Gordon proved that there’s always a way to get a deal done between a great buyer and a great business.

“The process of getting an SBA loan took longer than we had hoped, but I have to give a lot of credit to both Scott and Jeremy for hanging in there with us and doing everything they could to get this deal across the finish line.”

Scooters & More (www.scootermore.com) has retail locations in Ft. Worth and Plano. They work with most major insurance carriers and Medicare in order to assist individuals with their mobility needs.

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 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