Henry Abstract and Title in Nashville, Arkansas recently transferred ownership from Jim and Dede Guffy to Cathy Loe, Patricia Harris and Judge Randy Wright of Hope, Arkansas, owners of Hempstead County Title.
The business was sold thanks to the efforts of Confidential Business Intermediaries/The CBI Central Arkansas Team Managing Partner Connor Grimes and Senior Intermediary Shep Campbell. CBI Founder, Carl Grimes, started The CBI Team business brokerage firm after he sold Greer Abstract & Title in 1994, thus The CBI Team is experienced in helping sellers and buyers of title companies.
Campbell reached out to Jim Guffy through a cold call in to see if he had any interest in selling his title company. Jim responded he did, set a meeting with CBI of Central Arkansas and drove to Little Rock to meet with Shep. Following the meeting, CBI of Central Arkansas was engaged by Jim and Dede to confidentially sell Henry Title. Henry Abstract and Title specializes in real estate closings and has been operating in Nashville since the 1940s. Using the CBI database with thousands of registered buyers, coupled with aggressive local confidential marketing through direct mail and dialing, several buyers were engaged with two offers being presented. However, the third time was the charm as the perfect buyer for Henry Title was found in nearby Hope, Arkansas. Campbell, along with Grimes, helped negotiate and structure the deal for Jim and Dede and in the end was able to successfully reach an agreement between the Guffys and the owners of Hempstead County Title. Henry Abstract and Title officially changed ownership on Friday, July 8th, 2016.
The CBI Team has successfully sold many title companies, as well as hundreds of other businesses over the last 22 years. If you’re interested in getting more information about how to sell your business or find a business to buy, contact us today at email@example.com or call (877) 582-5200.