Our initial intent with Rua Associates was to explore our future succession plans, but we were approached by a competitor expressing interest in our business at the very start of our conversation. Randy Rua and Don van der Zwaag led that process, helping us to explore various options and negotiations. The result was a partial sale – that of our product line and intangible assets- with us keeping the manufacturing part of the business. It was a unique end result that provides a new opportunity for the future of our business. Without Randy’s and Don’s guidance, it seems unlikely we could have arrived at a mutually beneficial outcome for both parties.
Mike Miedema – President
Lakewood Process Machinery
