Central Florida Business With Revenues Exceeding 20 Million Per Year Acquired Outright

WINTER PARK, Fla., August 15, 2017 (Newswire.com) - Seminole Masonry, LLC, a Lake Mary-based precast product manufacturer and hardscape contractor, was acquired outright by Quantum Construction, LLC, a platform company wholly owned by a Michigan-based family office.

Seminole Masonry was founded in 1998 by Mr. Jamie Hodges. Over that span, Mr. Hodges grew Seminole Masonry to over 200 employees with revenues exceeding $20 million per year. The new owner will continue to operate the 27-acre manufacturing facility located in Lake Mary and has plans to expand. 

While there were some complexities involved in the deal, there was little that we had not seen before. It was a win-win for the buyer and the seller.

Brett Andrews, Partner at NewGate Capital

The sale of this successful Central Florida business was brokered by NewGate Capital Partners out of Winter Park, Florida. As experts in mergers and acquisitions, NewGate Capital provides highly personalized services to small- to medium-sized business owners looking to sell all or a part of their company.

Brett Andrews, a partner at NewGate Capital, spoke about the brokered business deal saying, "While there were some complexities involved in the deal, there was little that we had not seen before. It was a win-win for the buyer and the seller."

For more information on NewGate Capital Partners' services visit: www.newgatecapitalpartners.com

For more information on Seminole Masonry visit: www.seminolemasonry.com

Source: NewGate Capital Partners