Testimonials
Representative Sales, Mergers & Recapitalizations
Technology Company High Multiple Sale
As a manufacturer of proprietary lubricants for railroads there were limited high value prospects for my company. Inxcorp Advisors were able to create an auction between several major industry prospects that resulted in a high 9 times EBITDA sale price to a multi-billion dollar Canadian conglomerate. Now financially secure and happily retired I highly recommend their firm.
Sid Kumar
Tranergy Lubricants
Chicago, IL
Prototype & Machining Company Serving the Automotive Industry
When my partner and I determined it was time to sell our company, a leading automotive prototype specialist in the metro Detroit area, to pursue other interests hiring the right intermediary representation was of utmost importance. With a top-tier customer list including Ford Motor Company and Johnson Controls, and a superior word-of-mouth reputation, we knew we would be attractive to potential buyers. However, we needed to be confident we’d get in front of the right prospects and, ultimately, sell for the highest price within our desired timeframe. Jim Hines and the Inxcorp Business Advisors team provided this assurance. From the beginning Jim put us at ease providing thorough detail and explanation, expert negotiation, and tirelessly fought for our best interests until we were 100% satisfied with the sale. We couldn’t be happier with the result. Their services come highly recommended.
John Loudon, Partner
Accu-Rite Industries
Shelby Twp, MI
Recapitalized Military Supplier with New Partner
Our military supply company was owned 40/60 between me and a partner. My majority-owner partner wanted to retire but I, in good health and 15 years younger, preferred not to sell. I was not prepared to buy my partner’s shares and, to take advantage of growth opportunities, our company also needed capital. Searching for a solution we consulted with Inxcorp. They advised us they would bring us buyers that would invest in vs. outright buy our company in a transaction called a Recapitalization. I was very pleased when, after a six month search, they found the perfect buyer that purchased 60% of our company and brought in new growth capital while I remained a 40% partner. We closed 60 days after introduction with both me and my retired partner happy with the result.
Dan Breunsbach, Partner
Avio Tech
Muskegon, MI
Distressed Sale of Metal Stamping Company
Brighten Tool was a long established small parts metal stamper. Its customers were all concentrated in the Automotive Industry. Without a sales force to generate new business work was steadily shrinking and profits were declining. In addition its labor was unionized adding to overhead and reducing margins. Without new business or improved margins the company would soon be forced to close. In an attempt to avoid bankruptcy or forced liquidation our board engaged Inxcorp Business Advisors who devised an in-place operating type of auction for the company’s assets and remaining goodwill. That process brought us numerous bidders resulting in a sale for a large premium over liquidation.
Tom Castle
Brighton Tool
Brighton, MI
Sales Lead Management & Marketing Automation Company
Inxcorp Business Advisors was essential in the sale of my company, MarketNet Services. Being a niche company with a proprietary web-based platform, I needed an advisory firm able to dive in and fully understand what made us unique in the industry and how to match us with the best buyer prospects. The Inxcorp team was able to generate great interest in my company that resulted in not one, but several, viable offers. We eventually closed the sale with a highly qualified buyer on excellent terms, while securing positions for all key employees. The Inxcorp professionals were highly attentive and expertly handled the entire sale process from preparing the marketing documents to managing communication with all leads to the eventual closing.
J.T. McDonald, Owner
MarketNet Services
Spring Lake, MI