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The seller was in his mid-50s and was hoping to retire by age 60 after selling the business and working for a few years under an employment agreement. We had some interest from buyers within the industry and outside the industry.   The best offer came from an engineering firm that is located in Eastern Massachusetts. One of the partners from the buyer’s company was commuting 1.5 hours each way from Western Mass. Acquiring this company shortened his commute to 15-20 minutes and they acquired additional customers and employees which allowed them to grow profitably. The seller got along well with the buyer and agreed to sign a 3-year employment agreement that would allow him to transition into retirement.

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