After eight rewarding years of serving clients through my own companies, Legacy Advisors Group, LLC, and Legacy M&A Advisors, LLC, I have accepted an excellent opportunity to become a Managing Director with the new Transworld M&A Advisors organization, a division of Transworld Business Advisors.
To service all of my Legacy M&A Advisor clients through the end of their contracts, I will also continue to do business as Legacy M&A Advisors through the end of 2016. All new clients and renewals will be channeled to Transworld M&A Advisors.
I will be joining two very experienced M&A advisors who will also be Managing Directors of Transworld M&A Advisors. Len Russek who has been active on the Florida M&A scene for almost three decades, and who most recently was President of the M&A Division of Murphy Business and Financial Advisors, and prior to that with the Corporate Development arm of Progress Energy, and Peter Berg, who has been the “go to” guy for closing larger M&A transactions within Transworld Business Advisors for over 16 years.
Together we will continue to assist sellers and buyers of mid-sized companies in structuring win-win business acquisition transactions.
The primary focus of our practice has been and will continue to be assisting owners of mid-sized companies who have spent most of their working lives building equity in their company until for various reasons it’s time for them to successfully transition the business to a new owner, and monetize the equity they’ve built up over many years to fund their retirement and other financial goals.
It’s estimated that the average business owner has 70% – 90% of his personal net worth tied up in – or pledged by way of a personal guarantees to – support the business. Thus, the quality of the business owner’s lifestyle in retirement, his capacity for charitable giving, and the size of his legacy to ultimately pass on to his heirs, will be impacted for better or worse by his success in selling and transitioning his business.
While most successful business owners are experts at running their own businesses, they are relative novices when it comes to selling their business, and recognize that they will likely realize a much better result if they engage a professional M&A advisor to assist them in this process.
If you know of a business owner who’s thinking of selling or buying a business and who might benefit from a complimentary consultation with us, have them contact me, or any of the M&A professionals at Transworld M&A Advisors.
By: Mike Ertel, Transworld M&A Advisors