A Plus Garage Doors, founded by Carrie Kelsch, was sold to Guild Garage Group for approximately $70 million, illustrating that effective management and strategic focus can translate into substantial business value.
Information on the Target
A Plus Garage Doors, founded in 2005 by entrepreneur Carrie Kelsch, is a prominent provider of garage door repair and installation services. Despite lacking prior experience in the garage door industry, Carrie focused on nurturing a strong organizational culture and a high-performing team. This strategy emphasized growth and leadership over technical expertise, allowing her to steer the company towards lasting success.
By leveraging her team's skills, Carrie concentrated on marketing and business development, as suggested by Michael Gerber in his book The E-Myth Revisited. This practical approach demonstrates that effective management and delegation can lead to significant advancements within a business, even for founders lacking technical knowledge.
Access Full Deal Insights
You’re viewing a public preview of this deal. To unlock full access to ca. 50,000 other deals in our database and join ca. 400 M&A professionals who are using it daily, sign up for Dealert.
Industry Overview
In the United States, the home services industry, particularly garage door services, has shown substantial growth over recent years. Increasing home improvements and renovations, fueled by a rise in
Similar Deals
Mid-Atlantic Farm and Farmers Market → Mid-Atlantic Farm and Farmers Market
2024
Employee Stock Ownership Plan (ESOP) → Taste Family of Businesses, Inc.
2024
The Anderson Group, LLC → Double B Foods, Inc.
2024
H.I.G. Capital → Patriot Pickle
2024
Bluehenge Capital Partners → M. Spiegel & Sons / SOS Xtreme Comfort
2024
Platinum Equity → Horizon Organic and Wallaby
2024
Guild Garage Group
invested in
A Plus Garage Doors
in 2024
in a Management Buyout / Buy-In (MBO) deal
Disclosed details
Transaction Size: $70M
Enterprise Value: $70M