Month: March 2019

Completes Deal with Installed Business Products, Inc.

CLEARWATER, Fla. – Murphy Business & Financial Services LLC in Clearwater announced today that it has successfully advised Tampa-based Water-Tite Solution, Inc. through a strategic acquisition. Columbus, Ohio-based Installed Building Products, Inc. (IBP), an industry-leading provider of insulation and complementary building products, acquired the commercial and residential waterproofing business, adding to its diversified portfolio of businesses providing building materials and services. 

The mutually beneficial transaction positions newly formed Alpha Water-Tite Solution to grab a larger share of the growing waterproofing solutions sector (Alpha Insulation and Waterproofing is a subsidiary of Installed Building Products that was acquired nearly two years ago).

To ensure a fulfilling acquisition process, Water-Tite Solution engaged Murphy Business – Clearwater to advise in the negotiations. Shán O’Keeffe, Executive Vice President – Murphy Valuation Services LLC, and Carole Akers-Harrison, Senior Business Broker and Project Director closely counseled Water-Tite Solution from start to finish. O’Keeffe and Akers-Harrison each have more than 20 years of experience in their respective fields.

“We’re so excited about this acquisition and what it means for both companies,” said O’Keeffe. “It’s great that we were able to complete a deal that made both sides enthusiastic about the future of Alpha Water-Tite Solution,” added Akers-Harrison. “This deal serves as a perfect example of our teamwork and dedication to close important acquisitions.”

Murphy Business & Financial Services LLC – Clearwater is the local office for Clearwater, Fla.-based Murphy Business & Financial Corporation, a full-service business advisory firm, which facilitates business sales, purchases, consulting, valuations, mergers and acquisitions. For more information, call Shán O’Keeffe or Carole Akers-Harrison at (727) 725-7090, or email s.okeeffe@Murphybusiness.com or c.akers@Murphybusiness.com.

 

About Murphy Business & Financial Corporation LLC
Clearwater, Florida-based Murphy Business & Financial Corporation LLC is a full-service business brokerage firm facilitating business sales, purchases, consulting, valuations, mergers and acquisitions. Closing deals at a higher ratio than the business brokerage industry average, several accolades have been bestowed upon the company including appearing as a “Top 50 Franchise” according to Franchise Business Review.

 

Madison, NJ – Murphy Business,  North America’s leading, full-service business brokerage firm with more than 125 offices in the United States and Canada, recently announced the opening of a New Jersey office with its fifth and newest location in Madison. The Madison office offers a full range of business brokerage services for all local business owners seeking to buy or sell a business. 

Cheryl Venezia launched the Murphy Business office to provide one of the state’s most comprehensive business brokerage services. The Murphy Business Sales office in Madison supports small to medium-sized businesses with the sale of their businesses, commercial real estate, valuations, and mergers and acquisitions. 

“There’s a definite need for business brokerage services here in Morris County and throughout the state,” Venezia said. “Murphy’s high standards and demonstrated excellence in business transactions is impressive. The Murphy culture promoting integrity and collaboration were the primary reasons I decided to join the team. We are well positioned in the Madison office to provide the business community with first in class, personalized services backed by nation-wide resources through the Murphy Business Network.”

Cheryl has over 30 years of experience in the financial services industry having worked at UBS in the wealth management, finance, regional regulatory and technology divisions. In addition, Cheryl has early career experience as a CPA having worked for Deloitte.  She brings diverse experience supporting organizations across finance, operations, human resources, risk, technology, and strategic communications. Her past experience equips her well for this role.

As she looks at today’s marketplace and the improving economy, Cheryl sees an increase in demand for business brokerage services – a growing pool of qualified buyers including private equity groups are emerging. Plus, she has seen an increase nationally, as well as locally, over the last 12 months of businesses being sold and at higher prices – the industry expects the upward trend to continue through 2019 and 2020. 

To learn more about the Madison Murphy Business office and its unique collection of business brokerage services, contact Cheryl Venezia directly by emailing c.venezia@Murphybusiness.com or visit https://murphybusiness.com/madison.
 
About Murphy Business & Financial Corporation LLC
Clearwater, Florida-based Murphy Business & Financial Corporation LLC is a full-service business brokerage firm facilitating business sales, purchases, consulting, valuations, mergers and acquisitions. Closing deals at a higher ratio than the business brokerage industry average, several accolades have been bestowed upon the company including appearing as a “Top 50 Franchise” according to Franchise Business Review.