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U.S. Manufacturing Purchasing Managers’ Index rises to highest level since April 2010
Why do real estate bubbles hurt more than other bubbles?
Exit Strategies Represents Mentzer Electronics in Acquisition by Innovative Circuits
Burlingame, California — Mentzer Electronics, Inc., a respected and long-established electronics manufacturing services (EMS) company located in the San Francisco Bay Area, has been acquired by Innovative Circuits. Exit Strategies Group, Inc. introduced the parties and served as exclusive financial advisor to the seller in the transaction. Terms of the transaction are confidential.
Menzter Electronics was founded in the Bay Area in 1965 by Ed and Betty Mentzer. The Company’s electronics manufacturing services include surface mount printed circuit board assembly, wiring harness assembly, complete box-build electromechanical assembly of chassis and cabinets, testing of completed products, turnkey purchasing and materials management. From prototyping to production volume. Mentzer customers are OEM’s of medical equipment, industrial controls, scientific research instruments, electrical power monitoring and other types of electronic equipment.
Innovative Circuits, Inc., with electronic circuit assembly operations in the U.S. mid-west, acquired Mentzer in order to expand its footprint to the West Coast and increase its presence in the rapidly growing medical equipment market. ICI brings exceptional quality systems, and has plans to expand the firm’s capabilities to support the existing customer base. Mr. Mentzer is working alongside the management team to ensure a seamless transition.
Exit Strategies is pleased to have helped our clients retire after almost 50 years in business, and we are excited to have found in ICI a capable and synergistic buyer to build on the Mentzer legacy and past success. And we’re always grateful when we can make a small contribution to the resurgence of U.S. manufacturing by ensuring the continuity of vital businesses like Mentzer Electronics.
Upcoming Event on Valuation of Ag and Food Businesses
Al Statz of Exit Strategies Group will be a panelist for the American Society of Appraisers (ASA) Northern California workshop —Working with a Going Concern: Valuation Issues Related to Ag-Food Processing Facilities, on Saturday, May 31, 2014, in Fairfield, California.
My passion is helping baby boomer business owners exit right and retire well. My background as a valuation and M&A professional, business owner and corporate development executive allows me to bring a wealth of knowledge and real-world experience to help closely held and family business owners understand their options, maximize value and achieve successful ownership transfers.
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For Historic Mountain Lodge, It’s Not the End of the Rainbow
Sales of Small Businesses on the Upswing
According to a recent Inc. Magazine article, “Let’s Make a Deal“, sales of small businesses in Q3-2013 jumped 42% from the same quarter in 2012. Inc. quotes Curtis Krocker, group manager of BizBuySell.com, “After four years of depressed selling and buying activity, the markets are coming back.”
Why? Motivated sellers and available financing. Many older baby boomer business owners are ready to sell their business and retire. Having held off selling during and immediately after the recession, there is pent-up demand to sell now. Furthermore, banks are willing to lend for small business sales again. During the recession, the Small Business Administration and participating banks had all but turned off the spigot for small business loans. The economy has changed…and so have the financing sources.
So…now what?
If you are a business owner considering selling your business – have your business objectively evaluated by a qualified expert. Know how much your business is worth, so that you can make an informed decision about a) selling now or b) continuing to grow the business and selling later.
If you are an individual thinking about buying a business, pull together a personal balance sheet — know how much of a down payment you can afford. Then…start visiting business-for-sale websites like BizBuySell.com, to get your creative juices flowing, thinking about what kind of business you might like to buy. And…call your local business broker. They may be selling the perfect business for you. And even if they don’t…they can match you with future business opportunities or even do a retained acquisition search for you.
Strike while the iron is hot!
J. Roy Martinez is a Certified Valuation Analyst (CVA) and member of the California Association Business Brokers. He can be reached at jroymartinez@exitstrategiesgroup.com or 707-778-2040