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.