Best Redi-Mix is a successful provider of concrete to customers in the greater Houston area for 25 years. Under the leadership of its founder, Roger Bertling, Best Redi-Mix has grown to several locations with 85 employees, with more than 60 mixing trucks providing concrete to contractors who serve the commercial, governmental and residential markets. In 2017, Best Redi-Mix opened its new state-of-the-art facility in Northeast Houston near its corporate headquarters.
Hancock Firm provided valuation services for Best Redi-Mix as part of the company’s planning. The valuation involved consideration of issues such as the planned capital expenditures as part of an expansion project and key person value for the Company’s founder and president, Roger Bertling. As part of the analysis, Hancock Firm provided Best Redi-Mix with the value of the business both on a control basis and a minority basis and calibrated the value determined by Hancock Firm with recent reported acquisitions of similar businesses.
Photograph of Shea Hancock and Roger Bertling.
“Hancock Firm doesn’t just do their job. They are more like a part of the team here at Best Redi-Mix. They rolled up their sleeves and got in the trenches on business and valuation issues. Their valuation not only provided us a number, but also the basis for making a change or two in our business model to facilitate our growth.”- Roger Bertling, President of Best Redi-Mix