--- title: Superior School of Real Estate, Charlotte NC | MidStreet Success Story description: Superior School of Real Estate, a real estate school operating throughout North Carolina was recently sold by way of MidStreet Mergers and Acquisitions. Find out how Bill Gallagher's unsolicited offer led to a multi-million dollar acquisition by private equity firm, Quad-C. image: https://www.midstreet.com/hubfs/SuperiorSchoolRE.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 # Superior School of Real Estate ### Success Story # Superior School of Real Estate [![](https://www.midstreet.com/hubfs/_MidSteet2018/Icons/arrow-down.svg)](https://www.midstreet.com/success-story/superior-school-real-estate#first) ## Unsolicited Offer Leads to Multi-Million Dollar Valuation and Sale Founded in 2005 by Bill Gallagher, Superior School of Real Estate is known for its quality programs, entertaining instruction, and impressive passing rates on the national and state licensing exam. ### Business Background What started as Bill Gallagher's small teaching business, has grown over the years into a 20-instructor business that’s chosen for continuing education by over 20,000 brokers per year. Superior School of Real Estate boasts one of the highest pre-licensing examination pass rates in the state at 75% and has more Distinguished Real Estate Instructors (DREIs) than any other school in NC. Bill Gallagher started his real estate career in Charlotte, North Carolina after graduating college from Wake Forest University. He quickly rose through the ranks to become Broker-In-Charge for Merrill Lynch Realty, while teaching pre-licensing and broker courses at Mingle School of Real Estate and ethics in new member orientation for the Charlotte REALTOR association. In 1998 Bill was promoted to President of Career Development for Prudential Carolinas Realty and opened Bill Gallagher School of Real Estate under the Prudential Umbrella. He then opened Superior School of Real Estate in 2005 and was awarded REALTOR of the Year in 2006, for his outstanding service to the real estate community. The decision to sell his business developed after receiving an unsolicited offer. After reviewing the offer with his Attorney and CPA, who urged him to accept the deal, Bill contacted Jeffery Baxter at MidStreet Mergers and Acquisitions. MidStreet determined that Bill’s business was worth far more than the unsolicited offer and together they reviewed all of Bill’s options. ### How We Helped MidStreet explained the advantages and disadvantages of individual buyers vs. Private Equity Groups vs. Strategic acquirers and asked what Bill’s goals were in selling his business. Bill felt he would need to divert his attention away from teaching to capitalize on the business’s many opportunities for growth, but that’s not what he wanted. Bill’s heart has always been in the classroom. For him, a perfect situation would be to sell the business and continue teaching at superior as an instructor following the sale. With this goal in mind, Bill listed his company with MidStreet. MidStreet met with Bill’s advisors and created a comprehensive marketing and negotiation plan to achieve his goals. Through a controlled process of arranging meetings and releasing marketing materials to select buyers, the business received 26 qualified inquiries. MidStreet conducted interviews with 14 individual buyers and 3 private equity groups, which led to 5 Buyer/Seller meetings and ultimately 3 offers on the business. Bill Gallagher decided to accept a majority recapitalization offer from McKissock, a national firm owned by Private Equity Group, Quad-C. In the end, the offer he accepted was more than three times higher than the original unsolicited offer. It also allowed Bill to maintain some equity in the business and featured an employment agreement negotiated by MidStreet to keep Bill teaching. Bill Gallagher went on the establish a generously charitable remainder trust with his extra earnings from the business sale and continues to educate students at the Superior School of Real Estate to this day. His story is a prime example of how a business sale can change your life for the better, and why business owners should have a valuation performed on their business before accepting any unsolicited offers. ![Real Estate School](https://www.midstreet.com/hs-fs/hubfs/_MidSteet2018/Pages/Homepage/Real%20Estate%20School.jpg?width=720&height=224&name=Real%20Estate%20School.jpg) *"MidStreet definitely earned more than their commission in the sale of my business."* - ** Bill Gallagher** ![BillG](https://www.midstreet.com/hubfs/BillG.bmp) **Bill Gallagher, Superior School of Real Estate** *"Jeff at MidStreet told me exactly the steps I needed to take, the professionals I needed to contact outside of a business broker, and he helped me organize my team so I could get the full value for my 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) **Bill Gallagher, Superior School of Real Estate** *"Jeff at MidStreet told me exactly the steps I needed to take, the professionals I needed to contact outside of a business broker, and he helped me organize my team so I could get the full value for my 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 ### Jackson Hewitt of South Hill At the time of sale, the company held 17 individual locations throughout Virginia and North Carolina. ### Alpha Total Services Alpha Total Services quickly built a strong foundation of business due to their focus on high-quality work and customer service ### Just For The Beach Rentals Just For the Beach offered an assortment of beach equipment and other sporting goods. ### 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.  ### 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. We also offer free business valuations and consultations for business owners.", "geo" : { "@type" : "GeoCoordinates", "latitude" : 35.9025982, "longitude" : -78.765649 }, "image" : "https://cdn2.hubspot.net/hubfs/2870578/Raleigh%20Business%20Broker%20MidStreet-Mergers-Acquisitions-2.jpg", "logo" : "https://cdn2.hubspot.net/hubfs/2870578/_MidSteet2018/Logos/logo-color.svg", "name" : "MidStreet Mergers & Acquisitions", "openingHoursSpecification" : { "@type" : "OpeningHoursSpecification", "closes" : "05:30", "dayOfWeek" : [ "Monday", "Tuesday", "Wednesday", "Thursday", "Friday" ], "opens" : "08:30" }, "sameAs" : [ "https://facebook.com/MidStreetMA/", "https://twitter.com/MidStreetMA/", "https://www.youtube.com/channel/UCCsuykmz74TU6M5uamLcaTA", "linkedin.com/company/midstreet-ma" ], "telephone" : "9192632550", "url" : "https://www.midstreet.com" } ```