Category Archives for "News"

Experienced Austin Financial Executives Robert (Bob) Kay and Laine Holman Affiliate with Corporate Investment

Robert (Bob) Kay, an experienced executive in finance, investments, private equity intermediary, banking, and private business management, and his long-time business associate, Laine Holman, a seasoned CFO, have joined Corporate Investment, an Austin-based financial advisory firm specializing in mergers and acquisitions and business sales.

“We are excited to join Corporate Investment and use our years of experience in business operations, deal making, capital raising and private equity investing to help our clients,” said Kay. “Corporate Investment has a well earned reputation in the region as business intermediary and merger and acquisition experts. With mergers and acquisitions picking up steam in Central Texas, we are in the right place to help owners get the most value from their transactions,” Kay added.

Most recently, Mr. Kay has led Excelleration Partners, an early stage growth company consultancy and capital raising advisor, after having served for six years as EVP/COO/CFO at Drilling Info, Inc., an online oil and gas data provider. While at Drilling Info, Bob partnered with CEO Allen Gilmer in leading the company through an explosive growth phase and eventual control sale to a NYC-based private equity fund.  

 Prior to his most recent career stop as Consulting CFO to Durbin and Bennett Tax Advisors, Mr. Holman served as CFO to The Kucera Companies, a full-service commercial real estate company from 2003-2011. Kay and Holman partnered during the 1980s and 1990s within several business entities controlled by Robert W. Hughes and the Prime Cable family of companies.

Serving as a M&A team at Corporate Investment, Kay and Holman will lead clients through the sale preparation and sale of their businesses. Their diverse and combined business experiences have provided them deep experience and insight into the business sales process.

 A native of Austin, Mr. Kay earned a BBA in General Business with an accounting concentration from The University of Texas in 1974. Mr. Holman is a native of Taylor, Texas, and is an Honors graduate in Accounting from UT Austin in 1981.

Experienced Executive Robert Dicks Joins Corporate Investment

Robert Dicks, an experienced executive and entrepreneur, has joined Corporate Investment, an Austin-based financial advisory firm specializing in mergers and acquisitions and business sales.

"My new role with Corporate Investment is a natural fit with my skill set and experience," said Dicks. "I’m looking forward to helping business owners get the maximum valuation when selling their businesses. Mergers and acquisitions and business sales are on the rise in Central Texas, and Corporate Investment has a long track record of guiding owners through the selling process.”

His prior entrepreneurial experience from building and growing two transportation companies, uRide and Bliss Transit, provides him with insight into helping clients with their unique needs related to the transfer of their business.

As an associate at Corporate Investment, Dicks will be called on to use his strong track record in negotiation, mediation and deal-making, to help clients with the preparation and sale of their businesses at the best price and terms possible. Deep experience in multiparty negotiations has honed his ability to successfully bring buyers and sellers together and attain mutually beneficial outcomes.

Robert holds an MBA from Auburn University, a Master of Arts in Dispute Resolution from Southern Methodist University and a BBA in Finance from the University of Texas at Austin. He also served as an officer and aviator in the U.S. Air Force, operating from 2002 through 2005 in Iraq and Afghanistan.

About Corporate Investment
Corporate Investment, founded in 1984, is a leading merger & acquisition firm based in Austin, Texas, representing companies throughout Texas. Corporate Investment works primarily with the owners of private companies in a variety of industries, and their potential acquisition or merger partners.

Robert Dicks - Sell Side M&A Advisor

Robert Dicks

Corporate Investment adds Exit Planning Services for business owners.

Exit planning

Since 1984, our firm has worked with business owners in over 250 business sale transactions. These businesses had between 10 and 250 employees. Unfortunately, we found that prior to meeting us, very few of our clients had a well-defined, well-executed strategy for the transition out of their business. They had not taken the time to develop a plan to address issues like:

  • How much longer did they want to work in their business?
  • How much annual after tax income would need during retirement, and where was it going to come from?
  • What would happen to the business, and their family members who relied on it for their livelihood, if an unforeseen event happened and they couldn't work?

Most business owners have not taken the time to understand that there are ONLY three options for their transition out of their business:    

  • Transition to Insiders ( family or employees )
  • Sale to Outsiders
  • Transition after Death of Owner to their estate, leaving it to their heirs to handle

Each of these paths has its own unique set of issues and tax concerns that must be addressed well in advance of the transition. The process of addressing these concerns is aptly named "Exit Planning." All three options depend upon converting the business value to cash in some manner, over some period of time. The sooner a business owner identifies their objectives, engages advisors, develops a plan and takes action to implement that plan, the more control they will have over the outcome. A universal ownership objective is to generate an income stream that you ( the owner ) and your family will need  to support a future lifestyle.

We also found that all of our business owners had one thing in common: "I want to receive the highest value for my business!" Value in this context may include not only the actual price, but other objectives such as minimizing risk, minimizing taxes, and insuring a successful transition of the business (whether insiders or outsiders).

The business owner's objectives form the basis of the plan, and while each business and owner has a unique set of facts, the defined process means the business owner does not have to reinvent the Exit Planning wheel themselves. The owner's clearly defined objectives will direct the planning and actions, and help optimize the net proceeds. A team of advisors, which includes an attorney, CPA, financial planner, insurance professional and M&A advisor, will support and guide the business owner throughout the process.  Our firm will coordinate the team of advisors on behalf of the business owner, to maintain accountability and progress towards the owner's successful outcome.

We help our business owner clients plan for the most critically important financial event of their lives – the transition out of their business.

Find out more about our exit planning service.

Signature Glass, Inc. is acquired by Binswanger Glass

Signature Glass, Inc. ("Signature Glass"), a contract glazing business in Houston, TX has been acquired by Binswanger Glass. Signature Glass is a leading commercial glazing contractor in the Houston metropolitan area with focused expertise in curtain wall and window wall systems, storefront and entrance systems, and in-house fabrication of aluminum framing systems. John Fincher with Corporate Investment faciltiated the transaction and advised Mike and Sandy Skobla, the owners of Signature Glass.

“Signature Glass was an excellent acquisition target for Binswanger Glass," stated John Fincher, Senior Associate of Corporate Investment. "Binswanger Glass can now build on the great reputation Signature Glass has earned in the Houston area. Corporate Investment was pleased to represent Mike and Sandy Skobla in this transaction.”

Signature Glass has been in operation since 1999, when it was founded by Mike and Sandy Skobla. The Skoblas built the business by consistently exceeding expectations of both general contractors and business owners on construction projects ranging from storefronts to mid-rise commercial and institutional buildings.

"Being a part of the Binswanger Glass family is the right fit for our company, our customers, and our employees," said Mike Skobla, President of Signature Glass Holdings, LLC, the newly-formed subsidiary of Binswanger. "We have developed great relationships with general contractors and business owners within the Houston area, and now being a part of an organization with a contract glazing presence throughout all of Texas and 14 other states will allow us to continue to grow profitably."

Signature Glass will continue to operate under the Signature Glass name as a division of Binswanger Glass.

"We are privileged to partner with Mike and Sandy Skobla and all of Signature Glass's employees to continue providing excellent glazing service to customers throughout the Houston metropolitan area," stated Tim Curran, CEO and President of Memphis, TN-based Binswanger Glass. "This acquisition is representative of the strategic growth plan for Binswanger Glass, which comprises bolstering our presence in growing markets such as Houston, expanding into new geographies outside of our current footprint, and partnering with strong operators that have built a dependable team of glaziers."

Binswanger Glass is the largest full-service designer, retailer, and installer of architectural glass and aluminum products within the construction, residential, and automotive markets in the United States. Binswanger Glass is an affiliate of Boulder, Colorado-based private equity firm Grey Mountain Partners.

Phillip Wilhite Receives Fellow of the M&A Source Award

Phillip Wilhite of Austin, Texas received the prestigious Fellow of the M&A Source Award during the M&A Source Educational Conference and Middle Market Expo in Austin, TX, November 17, 2014.

The M&A Source® is the world’s largest international organization of experienced, dedicated merger and acquisition intermediaries representing the middle market.  Fellowship is a lifetime award that is one of the highest honors bestowed by the M&A Source.  The Fellow Award recognizes and honors M&A Source members who have made sustained and significant contributions to the Association. Mr. Wilhite’s award demonstrates exemplary commitment and experience as a professional M&A intermediary.

Since 1991, the M&A Source has addressed professional issues of merger and acquisition specialists.  The organization has over 300 cooperating intermediaries active in middle-market transactions across the U.S., Mexico, Europe and other international locations.  It provides education, networking, conferences, member tools, peer-to-peer roundtables, deal making expos and other support, all specific to M&A specialists.

Wilhite is a Managing Director of Statesman Corporate Finance’s Austin office and Managing Director of Corporate Investment. He has devoted his professional career to assisting buyers and sellers of businesses.  Wilhite is seasoned in business sales & acquisitions of mid-market companies with over 13 years of experience.

About Corporate Investment
Corporate Investment, founded in 1984, is a leading merger & acquisition firm based in Austin, Texas, representing companies throughout Texas.  Phillip Wilhite, with Corporate Investment, advised the seller, and facilitated the transaction. Corporate Investment has completed multiple transactions in the healthcare services sector.

Dominion Care Home Health, Inc. Acquired by Jordan Healthcare

Dominion Care Home Health, Inc., based in San Antonio, Texas, has been acquired  by Jordan Healthcare, based in Mount Vernon, Texas. Dominion Care Home Health is one of the leading Medicare certified home healthcare providers in San Antonio and Central Texas.  The company was founded in 2001 by Elcee and David Cortez and Adrian Martinez.

Jordan Healthcare, based in Mt Vernon, Texas, is a diversified healthcare operation, operating Community care, Hospice care, Skilled care, and Pediatric care facilities in 30 cities across Texas.

Phillip Wilhite, Managing Director of  Corporate Investment, stated “Jordan Healthcare was an excellent fit for Dominion. Jordan is able to leverage Dominion’s award winning reputation in the San Antonio and central Texas markets, coupled with Jordan’s suite of healthcare services, to grow the business. Dominion’s reputation in the medical community is excellent, providing Jordan with an outstanding platform. Our firm was pleased to represent the owners of Dominion Healthcare in this transaction.”

About Corporate Investment
Corporate Investment, founded in 1984, is a leading merger & acquisition firm based in Austin, Texas, representing companies throughout Texas.  Phillip Wilhite, with Corporate Investment, advised the seller, and facilitated the transaction. Corporate Investment has completed multiple transactions in the healthcare services sector. 

A J Brauer Stone, Inc. Acquired by Materials Marketing Limited

A J Brauer Stone, Inc.,which operates a 320 acre stone and building materials quarry near Jarrell, Texas, has been acquired by Materials Marketing Limited. A J Brauer Stone produces chopped stone, landscape boulders, patio stones  and architectural stone veneer, as well as block and large slab modules. Lawrence (Larry) Schumann, with Corporate Investment, advised the seller, and facilitated the transaction.

A J Brauer Stone was founded 35 years ago and will continue to operate under the A. J. Brauer Stone name. Materials Marketing Limited, a RAF Industries, Inc. portfolio company, is an architectural stone and natural stone flooring supplier based in San Antonio, Texas.

“A J Brauer Stone  is an attractive addition to Materials Marketing Limited ,” Larry Schumann, Managing Director of  Corporate Investment, stated. “With this acquisition, Materials Marketing plans to  add new stone building materials to their line and benefit from improved U.S. based manufacturing capabilities. Our firm was pleased to represent A.J. Brauer Stone Company in this transaction.”

About Corporate Investment
Corporate Investment is a financial advisory firm specializing in business sales, mergers and acquisitions. Founded in 1984 in Austin, Texas, Corporate Investment works primarily with the owners of middle-market businesses in a variety of industries, and their potential acquisition or merger partners.

Legiant Acquired by Asure Software

Legiant, a software company based in Austin, Texas, has been acquired by Asure Software, Inc. (NasdaqCM:ASUR). Legiant sells time and attendance solutions that deliver improvements in workforce productivity through a software-as-a-service (SaaS) platform. Lawrence (Larry) Schumann, with Corporate Investment, advised the seller and facilitated the transaction.

Asure Software, headquartered in Austin, Texas, offers intuitive and innovative technologies that enable companies of all sizes and complexities to operate more efficiently. The company ensures a high-performing work environment by integrating its "keep it simple" solutions and expertise to more than 3,500 clients worldwide. Asure Software's suite of solutions range from time and attendance workforce management solutions to asset optimization and meeting room management.

“Legiant is a great fit with Asure’s cloud growth strategy,” Larry Schumann, Managing Director of Corporate Investment, stated. “There are many synergies that Asure should benefit from with this acquisition. Our firm was pleased to represent Legiant in this transaction.”

About Corporate Investment
Corporate Investment is a financial advisory firm specializing in business sales, mergers and acquisitions. Founded in 1984 in Austin, Texas, Corporate Investment works primarily with the owners of middle-market businesses in a variety of industries, and their potential acquisition or merger partners.