Central Texas · Texas
Groesbeck business brokers and M&A advisors
If you own a company in Groesbeck and are weighing a sale, MDR & Associates is a Texas sell-side M&A advisor that represents only the owner. The Limestone County seat lies along State Highways 14 and 164, and when you are ready to talk, one of our advisors comes to you rather than asking you to drive to our Frisco office.
From the Woodbine oil find to a power plant: Groesbeck's working history
Groesbeck grew as a railroad town. The Houston and Texas Central Railway reached it by the end of 1870, the town incorporated in 1871, and it became county seat in 1874 after the railroad bypassed Springfield. Natural gas was found in the Mexia-Groesbeck area in 1912, and in 1920 a well near town produced the first oil discovered in the Woodbine Group; by the summer of 1921 one well was pumping 4,000 barrels a day, though output fell quickly after 1922. Decades later, a coal-burning power plant proposed by NRG Energy in 1979 was finished near Groesbeck in 1985. The Navasota River is the city's main source of water.
What decides the price here is what decides it anywhere: the earnings, the customers and the people who run the company day to day. What that history does show is a town used to serving larger industrial operations, the kind of setting where trades, maintenance, hauling and supply companies can take root. Companies like those often have long-serving employees and customers who have dealt with the same family for years, and both are worth protecting during a sale.
Groesbeck at a glance
- CountyLimestone County
- RegionCentral Texas
- Companies we sell$3M–$100M
- Typical transaction3–9 months
- Fee if we do not closeNone
What a buyer wants to see from a company in a town of 3,631
With a 2020 population of 3,631, a Groesbeck business often has a loyal customer base and an owner who is the face of the company. Buyers value both, but they worry about the second. Before going to market we look at who holds the key customer relationships, whether a manager could run the day-to-day, and how clean three years of records are. Trade and service companies with crews and repeat customers, the core of our home services work, tend to sell best when those answers are ready.
Our ten-step process then puts the company in front of the buyers we already know, individual acquirers, capital groups and private equity funds, before any blind advertising, and aims for several letters of intent at once so buyers compete. A principal of the firm sits in every negotiation, as has been the case across more than 250 closed transactions since 2008. Groesbeck is part of the Central Texas territory we travel to regularly.
What we sell in and around Groesbeck
Industry decides the buyer, the multiple and the diligence. These are the four sectors we work in most.
Manufacturing
Equipment, real estate, backlog and customer concentration decide what a manufacturer is worth.
How buyers value itHome Services
Plumbing, HVAC, roofing, landscaping and other home service companies — where repeat customers, crews and technicians decide the price.
How buyers value itDistribution & Wholesale
Inventory, working capital and supplier agreements decide what a distributor is worth.
How buyers value itBusiness Services
Recurring revenue and owner dependence separate a two-times business from a six-times business.
How buyers value itStraight answers
Questions Groesbeck owners ask before they sell
Answered in full by the advisors who run the sales. Every Austin answer.
The process
How a Groesbeck sale runs
Ten steps in four stages, typically three to nine months. Click any step to see it in full.
- Prepare
- Go to market
- Negotiate
- Close
Questions owners in Groesbeck ask
Can a smaller company in Limestone County attract buyers from outside the area?
Yes, if it is profitable and its records hold up. The companies we take on have annual revenue of $3 million to $100 million, and many buyers we work with want Texas operations regardless of town size. Location matters less to them than steady earnings, a capable team and customers who do not depend on the owner personally.
How do I keep a sale quiet in a town the size of Groesbeck?
Buyers first see a blind profile with no name or address. Identifying details go out only after a buyer signs an NDA and fills in a financial profile showing the money is there. Meetings with you happen after hours or away from the business, so employees and customers hear about a sale only when you choose to tell them.
Talk to an advisor about your Groesbeck company
Four fields, a reply the same business day, and nothing shared with anyone. If you would rather talk, call (855) 637-2776.