Stonehouse Drilling Case Study
“Mike, we cannot thank you enough for your expertise, patience, candor, amazing personality, professionalism, and I could go on and on. Please feel free to use me as a reference for any future transactions. I would love to sing your praises!!!”
“The value, structure and ownership’s responsibility post-transaction could not have been more perfect. It was the deal we imagined when we began the process.”
~Bret and Stephanie Tompkins
Stonehouse Drilling is a water well drilling and pump company that specializes in municipal, agricultural, mining, and industrial water wells and pump systems across California, Nevada, and Oregon. Stonehouse specializes in large-scale municipal projects including large diameter municipal water well drilling and multi-well projects. The focus of this transaction was to identify the best buyer to facilitate our client’s goals and objectives in addition to obtaining a strong value and advantageous deal terms.
Our client became the platform for the buyer, which along with the size and complexity of this deal, necessitated coordinating over 60 business professionals on both the buyer’s and seller’s team. This included legal, financial, operational, accounting, tax, and insurance professionals to orchestrate the asking and answering of questions and dealing with all the issues that come up along the way. Ascend’s 30+ years of transaction experience and vast CPA background allowed us to anticipate, collaborate, mitigate and coordinate with all these specialists to achieve our client’s expectations.
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