J-R’s Water Well Service
Midland Water Well Company Sells to Long-Time Manager
Texas Business Buyers, LLC is pleased to announce the successful internal transition of long-time Midland-based J-R’s Water Well Service from its Founder Ron Stanley to its manager, now-owner Greg O’Hara. J-R’S Water Well Service was established by Ron Stanley in October of 1981. Born and raised in Midland, he became a licensed Master Pump
After a long and successful career, Ron was facing some health challenges and decided it was his time to spend more time with his grandkids and taking care of his health and hand the steering wheel of J-R’s to a new driver. His daughter, Dana Flores, reached out to Clint Fiore of Texas Business Buyers to see if they could help him. Greg O’Hara was the natural first choice for ownership. He worked closely with Ron in all aspects of the business for over 20 years, and was already a minority partner in J-R’s Water Well Service. Texas Business Buyers helped Ron and Greg value the business assets and goodwill that had been built and agree on a fair price. They then assisted with finding a lender to back Greg on buying out Ron’s majority stake, even creatively using Greg’s minority stake towards a down-payment on a loan package. The TXBB team, specifically VP Brad Roberson facilitated the transaction including quarterbacking legal documents, loan packages, working with their respective CPA’s and attorneys etc… so both sides had everything taken care of for a smooth transition. Greg became 100% owner of J-R’s Water Well Service in April, 2017..
Clients and friends of J-R’s Water Well Service won’t see any major changes- as Greg had been running the show mostly since Ron’s health issues began. Greg O’Hara was raised in Midland, Texas, and is a licensed Master Pump Installer with over 28 years of experience. He has an outstanding reputation in the community and supervises a hard-working and dependable team. The team will continue to pride themselves on bringing friendly,
J-R’s Water Well Service specializes in servicing pumping systems of all types including customized water pump designs, engineered public supply systems, and constant drive systems. They are available by phone at 432.687.3236, or through their website at www.jrswaterwell.com.