I wanted to write this letter to thank you for your services in helping us get our company sold. Your advice was always right on target, and the deal you brought us was priced over 30% higher than the one we had previously negotiated on our own. You told us that we shouldn’t rely on a single buyer, and if you brought other buyers to create competition we’d get a much better price. You were right about that, and we should have signed you up as soon as we met you instead of going the do-it-yourself route initially. The increased purchase price we received was more than enough to pay your fee many times over.
Because of the buyer and deal structure you brought us, with new management put in place as part of the deal, our exit from the business was planned and secure. The approach of helping the new manager to obtain equity in the company worked perfectly, and in just over a month production is now up 50%.
Even before you represented us, and we mistakenly thought we had a good buyer of our own, you helped us by referring us to legal talent that was much better than our own local attorneys. In fact, the attorneys you recommended protected us from making a dangerous deal with our original buyer.
When it came time for due diligence you rolled up your sleeves and went to work right alongside of us, and when issues came up in negotiating the final details, you carried the load and got agreement with the buyer. You were there for us when we needed help, and Dave and I both appreciated that. It was good to have a friend who knew what to do and pitched in and did it.
Without a doubt I would be pleased to recommend you to any of my friends who want to sell their companies for the highest price in a well-structured deal. In fact I’ve already recommended you to a close friend who wants to sell in the next 5 years.
Now, thanks to your efforts, I’m looking forward to a summer fishing out of Astoria. I hope you’ll be able to join me this May for some sturgeon fishing down in the estuary. Thanks again for all your help in making the dream of retirement a reality .