SOURCE: Certified Business Brokers

Certified Business Brokers

October 28, 2009 09:57 ET

Certified Business Brokers (CBB) Facilitates the Sale of Houston Balloons and Promotions

HOUSTON, TX--(Marketwire - October 28, 2009) - Houston Balloons and Promotions, established over 11 years ago, was sold by founder, owner and operator, Jim Purtee, to a local business man, David Key. The company, headquartered in Houston, and one of the largest inflatables companies along the Gulf Coast today, rents giant advertising balloon characters to small businesses for promotional and special events. Most people see these advertising balloons displayed on rooftops of small buildings.

"Though many small businesses can't afford radio, billboard, or TV advertising, they can afford to rent an inflatable for four weeks or more for prices starting at $1200," said Purtee. "It could be Sunday evening at 7 o'clock, if one of our customers call with a problem, we solve it. Customer service has been our mantra and has propelled the company to its current top standing in its industry."

Jim Purtee engaged Certified Business Brokers to find a buyer for Houston Balloons and Promotions. He was ready to retire and wanted a buyer who would continue his philosophy while adding value to the company after transition. David Key, the new owner, had contacted Ryan DeGennaro at CBB looking for a business to purchase that had national growth potential, had a sustainable management structure, and a highly marketable product. Houston Balloons was a perfect match.

"I first looked at this opportunity in April, entered into contract to purchase by June, and closed the deal this month. Ryan worked hand-in-hand with me through the entire transaction and was able to solve any issues that arose during the closing process," said Key.

Mr. Key has big plans for Houston Balloons. "Service excellence will remain unchanged in this transition. However, we have plans in motion to work with national companies to provide promotional balloon rentals across the U.S.," said Key.

CBB provided valuation and marketing services and represented the seller in the sale. Frank Stabler and Ryan DeGennaro handled the details of the transaction.

About Certified Business Brokers (CBB)

Certified Business Brokers, established in 1974, is one of the pioneers of the business brokerage profession and is Texas' largest business brokerage firm. They are a founding member of the International Business Brokers Association (IBBA), the largest business brokers association in the world. They are specialists in Business Brokerage, Mergers and Acquisitions, and Business Valuations and Appraisals.

Contact Information

  • For Further Information Contact:
    Rose Stabler
    713-680-1200