--- title: MidStreet Done Deals | ADLAM Property Management description: ADLAM Property Management of Kill Devil Hills, North Carolina was recently sold by way of MidStreet Mergers and Acqusitions. image: https://www.midstreet.com/hubfs/Currituck_Club_aerial_view_gated_Outer_Banks_community.jpg --- [![logo-color](https://www.midstreet.com/hubfs/_MidSteet2018/Logos/logo-color.svg "logo-color")](https://www.midstreet.com) [![Contact Us](https://no-cache.hubspot.com/cta/default/2870578/5db4bc27-a371-4686-81b0-412fde52677a.png)](https://cta-redirect.hubspot.com/cta/redirect/2870578/5db4bc27-a371-4686-81b0-412fde52677a) [** ](https://www.facebook.com/MidStreetMA/) [** ](https://www.linkedin.com/company/12952674/) [** ](https://www.youtube.com/channel/UCCsuykmz74TU6M5uamLcaTA) ### Success Story # ADLAM Property Management ## First Property Management Company on the OBX Sold to Hospitality Expert Sold by way of MidStreet Mergers and Acquisitions in 2016, ADLAM property management is the oldest and one of the most trusted property management companies on the Outer Banks.  ### About the Company For more than 35 years, ADLAM has offered financial, budgeting, billing & collection, maintenance & repair, and pool services to condominium and homeowner associations throughout the Outer Banks. Seller’s, Bobby and Jenny Williams, have taken great care in building ADLAM’s reputation in the community, attracting many clients who have been with the company for more than 5 years. After many years in business, however, the pair wanted to sell their company and semi-retire. “After several years of discussing selling our business, we started thinking about how to do this.” said Williams. ### Selling the Business “We had a lot of laughs before we ever got down to business," said Williams. The sale was completed by Jeffery Baxter, President of MidStreet Mergers and Acquisitions. ADLAM received many inquiries during its short time on the market, and was acquired by a qualified buyer who paid cash for the business. ***“ADLAM was the first property management company established on the Outer Banks, and the buyer of the business had a long career in customer service with one of the largest hotel chains in the country. It was an honor to work with the previous owners of ADLAM, and the *buyer.*”* said Baxter.** The buyer's of ADLAM were Martin and Kathy Regan.  Martin has been responsible for identifying new business opportunities, developing the property maintenance, landscaping and pool maintenance divisions of the company, and setting the vision for the company. He has 32 years of hospitality and technology service with Marriott Hotels where he worked on 11 different properties of various sizes and types as a manager in all aspects of hotel management. Martin’s final role was as VP, Information Technology for Marriott and managed teams of 200+ associates with operating and capital budgets in excess of $20M.  He has his Master’s Degree in Information Systems and is PMP certified. Kathy is the Vice President and Office Manager.  She works daily with our associations and vendors coordinating meeting needs, insurance coverage, and technology solutions for our homeowners. She has 37 years of experience in the hospitality industry with Marriott Hotels. She worked on 5 different properties, including resorts and the largest hotel in Atlanta, as a manager in the Front Office and Reservations.  She finished her career at Marriott as a Director responsible for the business functionality of Marriott’s reservation system where she managed large teams of associates with a focus on outstanding customer service experience.   ![ADLAM](https://www.midstreet.com/hs-fs/hubfs/Logos/ADLAM.jpg?width=634&height=344&name=ADLAM.jpg) *“We had a lot of laughs before we ever got down to business.”* - **Bobby Williams** ![ADLAM-138490-edited](https://www.midstreet.com/hs-fs/hubfs/ADLAM-138490-edited.jpg?width=980&height=844&name=ADLAM-138490-edited.jpg) **Bobby Williams,** **ADLAM Property Management** *“After talking to MidStreet, we felt more comfortable. We told them we didn’t know if we were ready or not, but they didn’t put any pressure on us. They just answered our questions.” * [![Contact Us Today](https://no-cache.hubspot.com/cta/default/2870578/a81ac09e-10aa-43ef-8cb7-8771b0eff024.png)](https://cta-redirect.hubspot.com/cta/redirect/2870578/a81ac09e-10aa-43ef-8cb7-8771b0eff024) **Bobby Williams,** **ADLAM Property Management** *“After talking to MidStreet, we felt more comfortable. We told them we didn’t know if we were ready or not, but they didn’t put any pressure on us. They just answered our questions.” * [![Contact Us Today](https://no-cache.hubspot.com/cta/default/2870578/a81ac09e-10aa-43ef-8cb7-8771b0eff024.png)](https://cta-redirect.hubspot.com/cta/redirect/2870578/a81ac09e-10aa-43ef-8cb7-8771b0eff024) ## More Success Stories ### Kill Devil's Frozen Custard and Beach Fries Known for its delicious Frozen Custard and beach fare, Kill Devil’s is a favorite of tourists and locals alike. ### ADLAM Property Management For more than 35 years, ADLAM has offered a wide range of services to condominium and homeowner associations throughout the Outer Banks. ### TW's Bait and Tackle Bait and tackle stores are easy to find on the Outer Banks, but few have the reputation, selection, and credibility of TW’s Bait & Tackle. ### River City Chiropractic Dr. Luke was inspired to start the business because of an injury he sustained to his neck during a football game in high school. ### Beach Painting Contractors Offering painting, repair, restoration, and chemical exterior washing services to the Kill Devil Hills community.  ### Just For The Beach Rentals Just For the Beach offered an assortment of beach equipment and other sporting goods. ### Have questions? ## Schedule a free 10-minute consultation with an advisor. [![Contact Us](https://no-cache.hubspot.com/cta/default/2870578/1efcfca7-d36d-4bc0-a423-360840c8e41d.png)](https://cta-redirect.hubspot.com/cta/redirect/2870578/1efcfca7-d36d-4bc0-a423-360840c8e41d) [![logo-white](https://www.midstreet.com/hubfs/_MidSteet2018/Logos/logo-white.svg "logo-white")](https://www.midstreet.com) Whether you’re ready to sell today or planning for the future, we’re here to help. #### LOCATIONS **Raleigh** 8801 Fast Park Dr. Suite 301 Raleigh, NC 27617 919-263-2550 **Wilmington** 1213 Culbreth Dr. Suite 228 Wilmington, NC 28405 910-815-0411 ### SUBSCRIBE TO THE BLOG FOR INSIGHTS © 2022 MidStreet Mergers & Acquisitions [** ](https://www.facebook.com/MidStreetMA/) [** ](https://www.linkedin.com/company/12952674/) [** ](https://www.youtube.com/channel/UCCsuykmz74TU6M5uamLcaTA) ```json { "@context" : "http://schema.org", "@type" : "Organization", "aggregateRating" : { "@type" : "AggregateRating", "ratingValue" : "5", "reviewCount" : "99" }, "naics" : "541990", "name" : "MidStreet Mergers and Acquisitions", "telephone" : "919-263-2550" } ``` ```json { "@context" : "http://schema.org", "@id" : "", "@type" : "LocalBusiness", "additionalType" : "https://en.wikipedia.org/wiki/Business_broker", "address" : { "@type" : "PostalAddress", "addressCountry" : "US", "addressLocality" : "Raleigh", "addressRegion" : "NC", "postalCode" : "27617", "streetAddress" : "8801 Fast Park Dr #301" }, "areaServed" : [ "Raleigh", "Durham", "Cary", "Apex", "Wilmington", "Greensboro", "Winston-salem", "Fayetteville", "Burlington", "Pinehurst", "Sanford", "Rocky Mount" ], "description" : "MidStreet Mergers and Acquisitions is a business broker headquartered in Raleigh, NC. We have a passion for helping business owners sell their life's work, and we pride ourselves on providing the best service in our industry. Our firm specializes in business sales and exit strategies for owners of privately held companies within a revenue range of $1 to $25 million. During our 17 years in business, we've sold over 400 businesses throughout the southeast. Please reach out if you have any questions about the process of selling your business or to learn how we're different. 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