Deciding to sell your business was probably one of the toughest decisions you’ve ever had to make. You’ve worked hard to grow it into the company that it is today and saying goodbye to it is can be harder than sending a child off to college.
But just because you’ve decided to sell your business with the help of a mergers and acquisitions company doesn’t mean that the hard decisions are over.
Who Will You Leave In Charge? – You might think that an acquiring company will want to come in and put their own people in charge. But if your company is already growing and performing admirably, they might want to leave management as-is. Before you leave the company, you’ll have to decide who is best to run the day-to-day operations and who will work best with the new company in order to make the best decisions.
Who Will You Sell To? – You might be selling your business, but you still have emotional connections to it. You have employees you care about, and you want to do what’s best by them. While you will have no control over what the acquiring company might do with your business once you sell, you’ll have some idea what their intentions are by reviewing what they’ve done with their previous acquisitions.
Will You Take the Most Money? – At first this might seem like a silly question, but, as they say, money isn’t everything. If your decades-long rival whom you’ve hated for years offers you the most money, chances are you won’t be taking it. If the highest offer comes from a company with a reputation for buying a business just to shutter its doors, you might not take well to them.
Trinity Transaction Advisory will do everything we can to guide you in the decision-making process, but in the end, the decisions will be up to you. Contact us and we’ll give you all of your options.