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Sell a Business Insights
How to sell your business to a competitor
December 6, 2022 / in Exit Planning, Sell a Business / by Al Statz
When you’re ready to retire, or exit your business, you may think selling to a competitor is your only option. But competitors are seldom your best buyer. They’re rarely willing to pay top value because they’re already established in the market. They can’t see that your “secret sauce” is any better than theirs, so they try to strip away a lot of the goodwill other buyers might pay. Plus, selling to a direct competitor can …
Exit Strategies Group Advises on Successful Sale of Automation Inc.
November 28, 2022 / in News, Sell a Business / by Al Statz
Exit Strategies Group, Inc. is pleased to announce that it recently served as exclusive M&A advisor to the owners of industrial automation solution provider Automation Inc. on their successful sale to Applied Industrial Technologies (NYSE: AIT). Deal terms were not disclosed. Founded in Minneapolis in 1981, Automation, Inc. distributes motion controls, robotics, machine vision, process controls, sensors, pneumatics, material handling and machine framing components from leading global manufacturers, and designs and builds mixed technology systems. …
Exit Strategies Group Advises Neff Power in Successful Sale
November 17, 2022 / in News, Sell a Business / by Al Statz
Exit Strategies Group, Inc. is pleased to announce that it recently served as exclusive M&A Advisor to St. Louis based automation solution provider Neff Power, Inc. on their successful acquisition by GCG, a portfolio company of private equity firm Audax Group. Deal terms were not disclosed. Founded in 1965, Neff Power is a fast-growing industrial automation solutions provider serving customers in 10 states. They distribute robotics, motion controls, sensors, safety, vision, pneumatics and other automation …
Exit Strategies Group Advises Excelsior in Sale to Ryerson
November 10, 2022 / in News, Sell a Business / by Al Statz
Exit Strategies Group, Inc. is pleased to announce that it recently served as the exclusive M&A advisor to the owners of metal fabrication and machining company Excelsior Inc. on their successful sale to Ryerson (NYSE: RYI). Deal terms were not disclosed. Founded in 1996, Excelsior is a California-based metal fabrication and machining company specializing in large-scale materials, assemblies and industrial millwright services. The company serves a diverse set of manufacturing clients in industries ranging from …
Exit Strategies Group Announces the Sale of Catalyst UX
October 31, 2022 / in News, Sell a Business / by Roy Martinez
September 30, 2022 (Silicon Valley, CA) Exit Strategies Group advised Catalyst UX, a leading provider of User Experience design and development, on its recent sale to Unosquare. Headquartered in Portland, Oregon with offices in the USA, Mexico, and the UK, Unosquare builds custom software – and the required engineering teams – for cancer diagnostics technology, healthcare, fintech, and high-tech companies. Unosquare uses a proven model to provide fully Agile software engineering teams, BI, staff augmentation, …
Why 75% of Small Businesses Won’t Sell
October 12, 2022 / in Exit Planning, Sell a Business / by Al Statz
Tom West is considered by many to be the founder of modern-day business brokerage. A few years back, he calculated the percent of small businesses on the market that actually sell. For small businesses, those with sales of $10 million or less, he figured fewer than 25% actually transition to a new owner. That failure rate is shocking, and all too accurate. A lot of factors drive down the 25% success rate, but here are …
Deal Killers: The I-Do-Everything Seller
October 12, 2022 / in Exit Planning, Sell a Business / by Al Statz
Some sellers come down with a dangerous case of “Look how great I am” when they meet potential buyers. They say things like, “I did this. That was my idea. I’m in charge of that. Or, I’m the one driving growth.” And if you have a valuable business that’s attracting buyers – you built something great! But… When it comes time to sell your business, you should be the least important part of the equation. …
Exit Strategies Group Advises on Successful Sale of Walker Industrial
September 1, 2022 / in News, Sell a Business / by Al Statz
Exit Strategies Group, Inc. is pleased to announce that it recently served as exclusive M&A advisor to the owners of Walker Industrial in their successful sale to Graybar. Deal terms were not disclosed. Founded in Newtown, Connecticut in 1977, Walker Industrial is a value-added distributor of industrial automation products in New England and online. Founder Jack Ryan says this of his experience working with Exit Strategies Group, “Their understanding of our industry and our business …
Why boomer business owners should watch M&A cycles
August 18, 2022 / in Business Strategy, Exit Planning, Sell a Business / by Al Statz
Approximately 20% of private business owners are over the age of 65. Another 30% are between the ages of 55 and 64, according to estimates from the Census Bureau Annual Business Survey. If we’re going by age trends alone, that suggests roughly half of America’s businesses will transition ownership in the next five to 10 years. This will be the largest transfer of wealth the nation has ever seen in such a short period of …
M&A Advisor Tip: Niche companies can bring top dollar
August 18, 2022 / in Business Strategy, Sell a Business / by Al Statz
It’s often better to be #1 or #2 in a smaller/narrower market than a minor player in a larger/broader market. By targeting and dominating a distinct segment of a market, you help ensure that potential customers think of you first (brand recognition) and continually choose you, again and again. Dominant players usually have lower cost of customer acquisition, first call/last look with customers, and other advantages that drive profit margins up and accelerate growth. Niche …