(Iberel, Inc.) This company provides services to multinational corporations that want to reduce their supply chain costs with procurement solutions. They also provide efficient importing solutions and have relationships with suppliers and industry-specific knowledge within technology, electronics, medical, aerospace, and more. They were able to reduce purchasing costs for their clients. The owner had purchased the business 30 years ago and was ready to retire. We found a buyer that had come out of the corporate world and purchased multiple businesses. He agreed to pay full price for the business and we closed on the sale in less than 6 months from start to finish.
(Classic Gourmet Coffee, Inc.) The sellers owned this business for over 30 years when they came to us to sell their company. The challenge was they didn’t have detailed Profit and Loss information which can be a challenge. However, we reached out to other companies in the coffee industry and we were able to get a large coffee company that was growing through acquisition. We negotiated terms that worked for both parties.
(American Solutions) A company that provides chemicals to the printing industry, including liquids, powders, diluters, and cleaning brushes used to clean printers. They have environmentally friendly products. We were able to find a buyer that had a background in the industry and introduced them to a banker who arranged SBA financing so the seller did not have to provide financing.
The company distributes products for a large number of national brand manufacturers to customers around the country. They also provide inventory warehousing. We were able to get a full-price offer and introduce the buyer to banks that provided SBA financing.
The owner had built up a valuable business over 50 years. He had 50 trucks, regular customers and only worked about half the year in the warmer months. We received 3 offers. One was from a candy distributor; one was from an account/entrepreneur, and the winning bid was from two brothers that were local to this company, had tasted their ice cream, and were sold on the business and ready to move quickly. They obtained SBA financing for the business and building.
(Economy Hardware & Plumbing Supplies) A third-generation 105-year-old wholesale plumbing supply, hardware, kitchen, and bath remodeling business. They get referrals from architects, builders, and designers. We had a number of potential buyers, and the best offer came from two brothers that owned a construction business and wanted to expand through acquisition. We introduced them to our banking contacts, who arranged SBA financing for them.
(Thomaston Feed) This niche business provides pet supplies via e-commerce and out of retail and warehouse. They sell pet food, pet supplies, pet toys, pet accessories, and pet clothing.
-They sell organic pet food – major brands and its own proprietary brand that it has developed and is contract manufactured. The buyer was able to get bank financing from a local bank.
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