Business brokerage firm acquires competitor, sees record activity

By Jodi Schwan

Murphy Business of Sioux Falls LLC has acquired The Professionals Group, a competing business brokerage firm.

April Boucher started The Professionals Group in 2002 as an independent firm. Murphy Business of Sioux Falls is owned by Rey Gonzales and Calvin Breske and is part of the Florida-based Murphy Business & Financial franchise group, which is the largest business brokerage firm in North America.

Murphy Business of Sioux Falls has six business brokers in the greater Sioux Falls region. Gonzales said that when Boucher decided to retire, it was a good fit for both firms.

“Over 15 years, they built a nice customer base of business buyers and sellers and typically had approximately 15 to 20 listings,” he said. “We’ve integrated them in our Murphy Business of Sioux Falls business model.”

The business brokerage business is solid, he added.

“We have started to experience the wave of baby boomers that are now looking to exit and move into retirement, so we’re at an all-time high for business listings,” he said. “Which in turn makes it an ideal time for someone who’s been looking to own their own business or considering a lifestyle change.”

Along with increased volume and listings, Gonzales said he is “seeing plenty of business owners approaching our firm for business valuations as they are starting to exit-plan, and we’re also seeing potential buyers who are in the market to buy a business and are looking for the right fit, the right opportunity.”

Business brokerage firm acquires competitor, sees record activity

Murphy Business of Sioux Falls LLC has acquired The Professionals Group, a competing business brokerage firm.

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