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Exited Transactions
Superior Site Development, Inc.
Spring Hill, FL
Industry: Specialty Contracting Services
Date Acquired: August 2001
Date Exited: February 2007
Exit Summary: 10 x’s cash on cash return
94% investor return
3324% primary
shareholder return
$2.2 million sales at
acquisition
$15.1 million sales at
exit
Rapid Systems, Inc.
Nashville, TN
Industry: Automotive Aftermarket
Date Acquired: 1985
Date Exited: 1988
Exit Summary: 17x’s cash on cash return
1700% primary
shareholder return
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Welcome to IBC
Superior Site Development, Inc. (SSD) was formed for the
purpose of acquiring P/C Miller, Inc. The acquisition was an
asset based purchase. SSD became a full service specialty
contracting services firm providing land clearing, site
preparation, excavation, underground utilities and
landscaping installation.
The company established itself as a leader in it’s market by
providing “turn-key” services. Growth was accomplished by
implementing proven business strategies and technologies as
well as expanding services. SSD was sold via a stock
transaction to a private group from Chicago.
Rapid Systems, Inc. (RSI) was formed for the purpose of
acquiring an automotive services sole proprietor. The
acquisition was an asset based purchase. RSI converted the
operation into an efficient, well run professional business
and substantially established itself as a leader in its
local market. Growth was accomplished by implementing cost
containment and operational procedures as well as expanding
services. RSI was sold via an asset transaction to an INC.
500 company.
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