Contact Information: Contact: Dan Keeney, APR DPK Public Relations (214) 432-7556 Email Contact
Elm Street Capital Partners Acquires Superior Pipeline Services With Help From VR Business Brokers in Dallas
| Source: VR Business Brokers Dallas
DALLAS, TX -- (MARKET WIRE) -- November 20, 2006 -- VR Business Brokers, which has sold more
businesses in North America than anyone, has announced the acquisition of
Superior Pipeline Services by Elm Street Capital Partners. Superior
Pipeline Services, based in Fort Worth, provides maintenance on gas
distribution systems and emergency call-out services, roustabout services
on pipeline construction as well as general pipeline maintenance.
VR Business Brokers in Dallas links business owners throughout the
Dallas/Fort Worth area and across Texas to qualified buyers. Terms of the
transaction were not disclosed.
Superior Pipeline Services Founder Lynn Ayers will remain with the company
to oversee the ownership transition and guide the company's expansion into
new markets. The company, which employs approximately 60 workers, does not
plan any changes in terms of operations or personnel.
"Superior Pipeline Services fits our criteria of excellent management,
growing industry and good chemistry with the seller," said Timothy Clark,
President of Elm Street Capital Partners. "VR Business Brokers' team did an
excellent job preparing the business for the sale process, which made the
financing of the transaction more efficient."
The North Texas oil boom is prompting increased merger and acquisition
activity throughout the region. VR Business Brokers reports that profitable
companies such as Superior Pipeline Services, which was established in
2000, are particularly attractive to investors looking to enter the market.
"Interest in the oil and gas market is very high, so this is a great time
for any company founder who is considering retirement or a new adventure to
begin looking at the value they can derive from their existing business,"
said Scot Cockroft, owner of VR Business Brokers in Dallas. "The
acquisition of Superior Pipeline Services is a win-win and a great example
of how valuable a business broker can be in providing a fair and accurate
accounting of what a business is worth, helping to market the business and
assisting in successful negotiations."
Sales of businesses by VR Business Brokers' Dallas office outpaced the rest
of the nation in the second quarter of 2006. The Dallas office earned the
top ranking by outperforming 96 other VR offices worldwide in transaction
volume, racking up a record number of business sales during the period.
About VR Business Brokers
Founded in 1979, VR Business Brokers has sold more businesses in North
America than anyone, providing the most extensive training program for its
intermediaries and maintaining the largest national database of sold
businesses to assist in business valuations. VR Business Brokers has been
rated the number one business brokerage in the world for 16 of the last 20
years. More information about VR Business Brokers in Dallas is available at
(972) 792-0100 or www.vrbigd.com.