Exit / Succession Planning

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THE CHALLENGE FACING THE BUSINESS

A well-established distribution/ manufacturing company wanted to release its assets to the current owner. The company had been on the open market for sale with a business broker for some years with little success and a lot of up from fees. Current Directors want to purchase but lack the knowledge to raise the funds or to take the business to the next level.

HOW FORTIS PARTNERSHIP HELPED

  • We reached out to our extensive network to see if we could overcome the two issues.

  • A solution was found where Fortis Partnership identified a funding solution to purchase the company.

  • The Directors retained by Fortis Partnership provided all the necessary training and guidance to subsequently grow the business with the goal of taking full ownership the business in the near future.

END RESULT

The owner sold his company for a seven-figure sum, and the current board of Directors own the company. Fortis are being retained to guide the board through its next development phase.

 
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