Sold – Maverick Supply
Pictured: Charles Rateliff (CBI Intermediary), Maria Smith (seller), Gene Burch (seller), Delinda Burch (seller), Jack Burch (seller), Jennifer Hicks (buyer), Donald Hicks (buyer), John Green (CBI Intermediary)
CBI recently facilitated the sale of Maverick Supply Inc., a long-time and well established Berryville, Arkansas plumbing and electric business. Donald and Jennifer Hicks acquired the 45+ year old company from the founding family, the Burchs. The Burch family chose CBI Intermediary Charles Rateliff to sell their business and John Green of CBI worked with the buyers to complete the transaction. The Burch brothers and sister will now be enjoying retirement.
The business began almost as an afterthought over 45 years ago. When the late William “Dee” Burch had trouble finding plumbing supplies at a good price, he searched the region until he found better rates. When he bought quantities bigger than he needed, he brokered the leftovers to other contractors, and the response led him to open up the store west of Berryville. His sons and daughter managed and grew the business over the years.
To learn more about Maverick Supply visit their website http://www.mavericksupplyinc.com/default.html or give them a call at 870-423-6271
CBI is pleased to have been the Intermediary for this transaction. During the process, CBI identified many other prospective buyers. If you have been thinking about selling your business, CBI has a buyer database of over 15,000 prospects. Contact CBI today!