(Orange, CA)- Keystone Business Advisors recently announced that Orange, CA-based Cobb Property Services, a premier exterior building maintenance service company that contracts with leading commercial property management companies who hire them to maintain the exterior of their neighborhood retail and small power shopping centers has been acquired by HDLM, LLC. The buyer has owned and built a series of related service companies in Southern California and was excited to have an opportunity to acquire the next business for the future of their management team.
“For this recent deal we generated over 40 inquiries and 6 offers that presented our client many options when deciding the best buyer for them. We also saved our client over $150K in taxes by negotiating a sophisticated structure that we created in coordination with their financial and legal advisors.
Additionally, we navigated and created a strategy around the challenging PPP requirements working with the PPP lender and SBA lender to be able to close this deal. We also kept this deal on track allowing us to close so the Buyer could take advantage of the SBA incentives by closing before September 26th. We were thrilled that both parties were very happy with the results”, said Greg Martin of Keystone Business Advisors.
ASC was originally founded around 1970 by the founding owners and began as a controller repair business. The business expanded into irrigation service and then installation working mainly for a single designer doing the irrigation design and installation. The current Seller purchased the business in 2006, further developing various aspects of the services to grow the business.
Automatic Sprinkler Controls, Inc. is a landscape irrigation firm specializing in all aspects of irrigation design, installation, and service. Additionally, they install landscapes as designed by landscape architects, landscape designers, or at the direction of homeowners. ASC’s primary work is related to sprinkler system installations and sprinkler repair. ASC’s customer base is 80% residential and 20% commercial.