Playbook Advisory Facilitates the Sale of Chicago Manufacturing Company
The confidential listing generated a contract within 14 days for the 40-year-old company.
The confidential listing was sold to a large area manufacturing company eager to break into the medical products industry. The company's unique manufacturing and assembly capabilities allowed the Broker to attract a sophisticated Strategic Buyer who was not discouraged by a high level of customer concentration.
A team led by Jim Peddle, Founder & President of Playbook Advisory, successfully negotiated a Letter of Intent within two weeks of introduction to the Buyer. The purchase price was a mixture of cash, an employment contract to the Seller for training & transition purposes and post-closing incentives.
Jim Peddle: "This year has seen a significant increase in strategic acquisitions for Chicago area companies. Low interest rates and cheap financing are driving more transactions for Buyers interested in growing their businesses in 2016. My view is that this will continue into 2017 as we transition from an Obama administration to the upcoming Trump & Republican leadership."
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About Playbook Advisory
Playbook Advisory was founded in 2016 to capitalize on the booming market for mergers and acquisitions for main street businesses (under $5 million in sales) and lower middle market companies (under $20 million). The large number of retiring baby boomers has created a need for professional advisory firms such as Playbook Advisory to assist business owners as well as buyers.
"Our firm is an experienced business broker that has successfully represented companies in a multitude of industries,"
Playbook Advisory has grown quickly in 2016 by leveraging our knowledge of the industry and by offering business owners a better fee arrangement so the Seller keeps more of their equity. "It's important to me that business owners see us as a very necessary and reliable partner in the listing and successful sale. It's not uncommon for national franchise business brokers to charge 15% of the purchase price for the sale of a business. That's not a good value proposition for most Sellers." Added Mr. Peddle, "As more competition comes into the market to serve business owners, broker fees should and will drop considerably. Playbook Advisory is already ahead of the curve!"
Playbook Advisory is headquartered in Chicago, IL, with plans to open additional offices in West Palm Beach, Florida, Atlanta, GA and Oak Brook, IL.
Interested Professionals are encouraged to contact Jim Peddle to learn more about opportunities for Business Broker careers.
Playbook Corporate Advisory, Inc.