The majority owner of this business was in his 60’s and ready to transition into retirement, and the minority partner was 50. They agreed that the best way to move forward entailed identifying a buyer who would retain the services of the minority partner. We were able to introduce several potential buyers who could agree to this stipulation and, as a result, received multiple offers on the business. The best offer came from a large construction company with numerous offices that wanted to expand its capacity by providing engineering services. The buyers provided an employment agreement for the minority partner with terms that satisfied all parties.
The Owner was in his 60’s and ready to transition into retirement. We were able to identify and introduce several potential buyers and received multiple offers on the business. Chief among the proposals was an Architectural firm seeking to expand its bandwidth by providing engineering services. Another benefit to the architectural firm was that by purchasing this business, they would increase their footprint by adding an office in Suffolk County where they had an existing client base. We were able to negotiate a satisfactory deal for both parties, wherein the seller remained on board to help with the transition.
Both partners in the firm were ready to retire. There were family members who were employees, and it was vital to our strategy that any potential buyer is sensitive to take care of the employees and the customers. We decided that another larger engineering firm in the NY/NJ area would be the best fit to take over their business. The owners are staying on after the sale to ensure a smooth transition.
This company specializes in providing engineering services to large telecom companies. 60% of the company’s revenue was from AT & T. We contacted several hundred engineering firms who could comfortably consider submitting an acceptable offer for a company that relied heavily on one customer. We were able to identify twenty potential buyers who signed Non-Disclosure Agreements, and of the twenty, three submitted offers. We closed on a deal for 90% of the seller’s asking price. The buyer was a larger diversified engineering firm that wanted to provide additional services for new and emerging clients.
We had multiple offers on this business opportunity. One proposal under consideration was from an Architectural firm wanting to expand into the engineering field to provide a broader range of services for its clients. A second offer came in from an Engineering company looking to expand their range of engineering expertise and increase the potential for long-term clients from any acquisition. We negotiated the two offers with a variety of terms from both parties. Ultimately the other Engineering firm came up with the most favorable conditions by agreeing to assume the seller’s debt in addition to a purchase price.
This was a family-owned business for over 50 years, sold by the 2nd generation owner, and had all the legacy organization’s hallmarks. The business designs, develops, installs, and services water treatment systems to various organizations in Massachusetts. We qualified several potential buyers who made offers on the business opportunity. This allowed our client the opportunity to determine which buyer was the right one to carry the business legacy forward. After some due diligence by both buyer and seller, both sides were confident that they had the right fit. The seller has a one-year employment agreement to ensure a smooth transition period.
This firm’s work included structural design, inspections, surveying, and construction administration. We received several offers and sold the business to an individual engineer using SBA financing. The seller received 90% of the purchase price at closing and financed the remaining 10%, with a transition period to help the buyer take over.
Read more about our completed engineering transactions.
The owner was in his 60’s and ready to transition into retirement. We introduced several potential buyers. The business was ultimately sold to another larger Engineering firm in the New York City area interested in developing its surveying business and diversifying its engineering offerings. The seller agreed to sign a 4-year employment agreement, which allowed him the option of retiring earlier than the four years if he so desired.
These co-owners were ready to retire after working together for many decades. We were able to introduce two Surveyor companies that were very interested in the business. After negotiations, we were able to secure the full asking price. The sellers will stay on after the sale to help with training during the transition process.
Business that did Building Material Testing & Construction Inspections was purchased by another Engineering Firm that wanted to offer these services to their clients and broaden their capabilities to provide special inspection services and construction laboratory testing.
