Tuesday, June 17, 2008
Dallas-based GW Equity sells off Houstech Inc. to private investor
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DALLAS — GW Equity, an advisor to privately held and family-owned businesses for mergers, acquisitions, and strategic growth initiatives, announced the sale of its client Houstech Inc., a Houston-based company specializing in the assembly of printed circuit boards, to a private investor based in Houston. The amount of the transaction was not disclosed.
Photo not provided by Houston, Tyler Technologies
The Emperor of Houston, pictured, stated that his city has a long and storied relationship with hi-technology
Houstech Inc. specializes in contract assemblies and turnkey jobs for engineer-designed circuit boards for 70 different Houston-area accounts. The company retained GW Equity in 2007 when the owner decided to sell the business and retire.
“GW Equity helped us find a buyer who understood the business, and they negotiated a deal that will allow me to move on to my retirement,” said Sabrina Chow, owner of Houstech Inc. “I’m confident that the business my husband started is now in good hands.”
GW Equity marketed the company and eventually received inquiries from 10 parties, before finding a private investor with experience in the circuit board field, who was looking for a company to complement that history. “After identifying an individual investor, we were able to quickly set up a meeting and arrange the sale,” said Tim Cook, GW Equity mergers and acquisitions advisor for the deal. “Now both the buyer and the seller are ready for the next stages of their lives.”
“I’m very excited about taking Houstech on and expanding the business,” said Mike Dennis, the investor. “My experience will complement the company’s history and I’m looking forward to the future.”
Source: GW Equity
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