Woodbridge Group Closes Florida Waterproofing/Allied Building
Products Deal
NEW HAVEN, Conn. (Business Wire EON/PRWEB ) September 14, 2007 --
Woodbridge Group, Inc., an innovative middle-market mergers and
acquisitions firm, is pleased to announce the sale of its client,
Florida Waterproofing Supply, Inc., to Allied Building Products Corp.
Founded in 1972, Florida Waterproofing Supply is a rapidly growing
distributor of specialty construction products to the commercial
building and construction industries. The company operates out of seven
locations throughout Florida and provided an ideal strategic fit with
Allied Building Products.
"We are delighted that we were able to find a superb buyer for our
client, one who sees the company's value and growth potential - and has
the resources to bring it to the next level," said Robert M. Koenig,
president of Woodbridge Group.
Woodbridge Group's marketing
campaign for Florida Waterproofing reached over 3,600 prospective
financial and strategic buyers. Forty-five prospective buyers received
the confidential memorandum, resulting in two highly qualified buyers
submitting a series of competitive bids.
"Having generated tremendous market interest in Florida Waterproofing,
Woodbridge Group was able to close the all-cash deal within nine months
from engagement," said Terry Towson, president of Florida Waterproofing
Supply.
Woodbridge Group, Inc., a unique marketing-driven M&A firm, was
founded in 1993 to provide divestiture and acquisition services to
middle market companies.
See the original story at: http://eon.businesswire.com/releases/florida/woodbridge/prweb553729.htm
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