IBG Fox & Fin (Scottsdale) facilitated the acquisition, the terms of which are not disclosed at the parties’ requests. Managing director Lance Meilech (left) led the IBG Fox & Fin transaction team.
Founded in 1976, Hernandez Companies self-performs most trades, including paint, electrical, framing/drywall and plumbing.
DMS Companies is retaining Hernandez Companies’ management, staff and Phoenix location.
The sale was the culmination of a 10-year relationship that Lance Meilech cultivated with the sellers, Denise and Chris Hernandez. The first eight years were devoted to implementing Lance’s suggestions for enhancing the company’s value. The company sold two years later.