FOR IMMEDIATE RELEASE
September 24, 2015
Richmond, VA –Transact Capital Partners is pleased to announce that D.R.D Repair, Inc., a Lexington, Kentucky provider of equipment repair services in the food service industry, was acquired by DRD Associates LLC. Transact Capital Partners served as the exclusive financial advisor to D.R.D. Repair, Inc. in the transaction.
D.R.D. Repair, which is headquartered in Lexington, Kentucky, specializes in the service and repair of refrigeration and restaurant equipment primarily to restaurants, schools, hospitals, and other commercial kitchens in the food service industry. Founded in 1989 by Danny Morrison, he built the business with a staff of trained and experienced technicians. D.R.D Repair has earned a stellar reputation in its local market, as evidenced by its large, recurring customer base. The company has a reputation for dedication to quality workmanship, timely and courteous customer service, and competitive pricing.
Fred Doster, Senior Vice President at Transact Capital Partners, helped facilitate the sale and assisted the owner in finding a purchaser with the vision and experience to grow the organization while retaining all of the company’s employees. Danny Morrison, owner of D.R.D. Repair, stated, “When we started 30 years ago we just wanted to help business owners keep their restaurants in business by repairing any equipment that needed to be serviced. Time flies and it is time for me to take on a new role and relax a bit.”
Fred Doster has been helping business owners transition from their business for more than twenty years. He understands the needs of the seller, as well as those of the buyer, and the art of finding common ground.
Transact Capital Partners is a full-service business brokerage, mergers and acquisitions advisory firm headquartered in Richmond, VA, with offices in Roanoke and Tidewater, VA, Lexington, KY, Orlando, FL, and Central Pennsylvania. Transact focuses on the needs of small privately held companies in the lower middle market with enterprise values under $50 million. With extensive experience in owning, running, and investing in private companies or divisions of public companies, the firm’s principals are able to help many business owners exit their companies or explore other opportunities. Security transactions are offered through Transact Capital Securities, LLC. Member FINRA and SIPC.
To learn more about this transaction, or Transact Capital Partners, please call Fred Doster in Lexington, KY at 859-223-8157, or contact Steve Zacharias at 804-612-7102 or via email at Steve@TransactCapital.com.
7400 Beaufont Springs Dr.
Richmond, VA 23225