Partners of The NYBB Group, illustrate how Business Owners can sell their Businesses for Top Dollar
By: The NYBB Group
It has been announced that Tony Calvacca, CBI, Anthony Citrolo, CPA, CM&AA, CBI and Lou de la Prida, CMA of The NYBB Group (NYBB), have completed the sale of Pro-Tek / Pro Plus a nationally recognized leader in Industrial / Commercial Kitchen Equipment Sector.
New York, January 23, 2020
Mr. Calvacca states, "In the sale of this company, we were able to significantly exceed the average selling price for a business such as this by targeting multiple private equity groups nationally who had a strong desire to grow their existing business through the acquisition of this company. In addition, we were able to leverage a number of synergies that our client provided to this buyer allowing us to not only negotiate a very attractive price point but also very favorable terms."
Mr. Citrolo also noted that, "The sale of Pro-Tek /ProPlus turned out to be ideally suited for the Private Equity Group that made the acquisition because our clients New York Metro geographic footprint fulfilled their strong desire for a presence this region and also opened up a tremendous opportunity for increased revenues and profitability through the cross-selling of additional services to our clients large loyal base of customers."
Further, Mr Calvacca adds, "To sell a business for the highest possible price and the most favorable terms, you need to locate the right buyer at the right time and make a defensible case to that buyer how the acquisition will benefit them".
According to Luis de La Prida, "At The NYBB Group we use a team approach on business sales. In the sale of Protek /Proplus, I implemented an aggressive national marketing campaign to source credible private equity groups and strategic acquirers, while Mr. Citrolo, worked the financial side of the deal to illustrate to the buyers what the true value proposition of the deal was to them. Mr. Calvacca's role was to coordinate the activities of the team and negotiate each aspect of the transaction to assure that our Clients specific goals were achieved."
Mr. Calvacca, Mr. Citrolo and Mr. de la Prida are Co-Managing Partners of the NYBB Group located in Melville, NY; a Mergers and Acquisitions firm, providing confidential M&A and Consulting Services for lower to mid-market businesses nationally. The company's web site is www.NYBBINC.com
Tony Calvacca, CBI
Anthony Citrolo, CPA
Louis de la Prida, MBA
Page Updated Last on: Jan 23, 2020