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.