Our purchase process is designed to acquire businesses in the most time-efficient manner. Once we receive information on a business, we quickly determine our level of interest and inform the business owner as soon as possible. We may ask for additional information before scheduling a visit to the company. If we continue to think it is in the interest of both parties to proceed, we present a simple letter of intent, which sketches out the basic points of the deal. Upon acceptance of the letter of intent we draft a contract. Our due diligence is completed quickly and is done by our own staff. We close as soon as the acquisition agreement is satisfactory to both parties.
Throughout the whole process we work to keep everything fully confidential. We know how a sale can affect employees and we want to provide them with a positive message when they learn of the pending sale.