I wanted to write a brief note, thanking the Rua Team for advising us in the sale of our machining business. Starting this business from scratch and consistently growing the business has represented many challenges. Over the past decade we had put many long hours into the company, but did not know what the business was worth. In May, we became aware of Rua Associates and their expertise in selling businesses. Our interest was responded to with professionalism and clarity; with-in a short period of time we were able to establish a value for the company and understand how both buyers and banks would look at our business. We decided to move forward right away and begin the process of finding the right buyer.
Having Rua represent us gave a significant advantage over what we could have done ourselves. As a small shop, confidentiality was very important to us; they handled this well, screening through the “tire kickers” to buyers that could actually match our interests. Rua’s ability to effectively and clearly communicate our interests to potential buyers was very important in securing the right deal. Several issues came up during the closing process, but Rua quickly responded and was able to assist us; providing alternatives and creative solutions.
Overall we are very satisfied with the work Rua Associates did for us and would highly recommend them to others who are looking to sell their business. We plan to work for some time with the new buyer and continue to assist with the transition. This transaction was not always easy or “smooth sailing”, but we were able to solve the challenges and meet our goals! Very thankful for all our advisors and Rua Associates.