Medical Service Business Acquired by NY Investors for "Greater than Expected" Value
Strategic Exit Realized through M & A of Medical Equipment Maintenance Business. Princeton Capital Strategies Business Brokers and M & A Corporation is pleased to announce the business sale of a Medical Equipment Service Company. On March 2nd, 2009 two investors from NY acquired substantially all of the assets of a prominent Medical Equipment Service company based on Long Island, NY. The business sale was represented by Princeton Capital Strategies, LLC.
The Owner of the Medical Service Company developed the company over a number of years and was seeking retirement. The owner founded the company after he realized a niche in the medical equipment marketplace, and developed a system fulfilling that niche. He came to Princeton Capital asking what possible exit strategies he could consider.
“Like most owners, they did not have a lot of experience and selling and marketing a business. They wanted to be certain the process would be done professionally, that they would get a great valuation, and their exit strategy could be executed as efficiently as possible”, said Ken Ducey, Jr., Managing Director of Princeton Capital. “We developed a good understanding of the business, and marketed it to strategic medical industry players as well as private equity companies and investors. Princeton developed a competitive bidding process through a controlled auction and in the end, the best fit for the seller was an investor group.”
“I could fill a complete page with accolades for Ken and his performance in representing us. However, his effectiveness sums it up.” The owner of the medical company stated.
The buyers were delighted with the business, and working with the owner for the initial period. The chemistry is great, and exactly what the business needed in order to get to the next level.
The company began out of a small office complex located in Long Island, NY, and eventually grew to a point where they needed to expand. For the sake of the customers, employees, and the industry, the owner understood he had to expand. The new investors are excited for the business to realize its potential.
Mergers & Acquisitions (M & A)is a unique business opportunity to sell their business, but because most business owners only sell a business once in their careers, they learn too late how to work with business brokers, business valuation firms, and investment banks. Princeton Capital is an M&A intermediary in the CT NY area that provides value beyond that of a typical business broker. Princeton Capital can bring more qualified buyers to a business owner in less time, because their methods come from world-class investment banks instead of typical business brokers.
Ken Ducey, Jr.