--- title: Alpha Total Services, Inc of Wilmington NC | MidStreet Success Story description: Alpha Total Services, a commercial refrigeration, preventative maintenance, and HVAC repair company was recently sold by way of MidStreet Mergers and Acquisitions. Read their success story, and learn how they turned a low-ball offer into a high-value sale! image: https://www.midstreet.com/hubfs/Website%20Photos/Alpha%20Total%20Services%20Testimonial.00_00_21_21.Still001.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 # Alpha Total Services, Inc.  [Watch The Video](https://www.midstreet.com/success-story/alpha-total-services-wilmington#) ## Unsolicited Offer Leads to Valuation and High-value Sale Alpha Total Services, a commercial refrigeration and HVAC company was recently sold by MidStreet Mergers & Acquisitions to East Coast Refrigeration, Inc. Founded in 2009 by John & Linda Lee, Alpha offers a variety of services to commercial clients in the greater Wilmington, North Carolina area including installation, repair and preventative maintenance.   ### About the Company Alpha Total Services quickly built a strong foundation of business due to their focus on high-quality work and customer service. This earned them numerous long-term recurring contracts and referral customers and built Alpha into one of the largest commercial refrigeration contractors in eastern North Carolina. The business was growing tremendously, but the Lee's began to explore their options after John suffered a massive heart attack. Around that same time, he and Linda received an unsolicited offer from a nearby competitor. John recovered, but his urge to continue running the business waned. They were considering the unsolicited offer when they contacted MidStreet to discuss their options. After sitting down with the Lees and conducting a free valuation, MidStreet determined their business was worth substantially more than the unsolicited offer. After reviewing the business valuation prepared by Jeffery Baxter, John and Linda decided to list their business with MidStreet. ### Marketing the Business After creating and distributing the marketing materials, Alpha Total Services began to attract numerous purchasers. Eventually, the owners selected a highly qualified and experienced buyer and sold the business for a substantially higher price than their original offer. "I would highly recommend MidStreet. From the very beginning of the first interview to the handshake at the end, it was great," said John Lee. The Buyer, Gregg Strangways with East Coast Refrigeration, had this say about purchasing the business: "I actually spent 3 years looking for the right size business, in the right area of the country. What I was surprised at, is that some of these companies had such bad books there was no way to value them. It was a lot of 'trust me', and 'don't worry' [from the brokers]. This one I purchased [Alpha Total Services] was very clean." "MidStreet was by far, the most thorough and prepared brokerage company I've dealt with, and that was absolutely critical to moving with the business," said Strangways. Following the successful sale of their business, John and Linda Lee have focused their efforts on other business ventures. ![alpha-total-services-logo](https://www.midstreet.com/hs-fs/hubfs/_MidSteet2018/Logos/alpha-total-services-logo.png?width=324&height=80&name=alpha-total-services-logo.png) *"I would highly recommend MidStreet. From the very beginning of the first interview to the handshake at the end, it was great."* - **John Lee** ![Alpha Total 2](https://www.midstreet.com/hubfs/Alpha%20Total%202.bmp) **Gregg Strangways, Alpha Total Services** *"MidStreet was by far, the most thorough and prepared brokerage company I've dealt with, and that was absolutely critical in moving forward with the business."* [![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. ### 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. ### ADLAM Property For more than 35 years, ADLAM has offered a wide range of services to condominium and homeowner associations throughout the Outer Banks. ### 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. ### 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. ### Have questions? ## Schedule a free 10-minute consultation with an advisor. [![Start Your Valuation](https://no-cache.hubspot.com/cta/default/2870578/a19548ba-421f-4838-bc81-505085f72017.png)](https://cta-redirect.hubspot.com/cta/redirect/2870578/a19548ba-421f-4838-bc81-505085f72017) [![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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