Transaction Process Consistent with Progression Equity's investment philosophy, the acquisition process focuses on building a relationship with the seller. Our initial meeting is strictly informational and does not require companies to provide sensitive or confidential information. The meeting's purpose is simply to establish the relationship and better understand the nature and scope of the business. If there appears to be a strong fit after the initial meeting and the parties are interested in proceeding, a confidentiality agreement is signed and the company begins to share certain financial and operating information. This information is kept in the strictest confidence and is never shared with anyone outside of Progression Equity. Subsequent to this we perform the financial analysis necessary to value the company. This process usually takes a few weeks and typically requires follow-up meetings and additional discussions. More than just helping to develop the acquisition price, this dialog with the sellers and management fosters a trusting, confident relationship that is critical to a successful ownership transition. Once the valuation and terms of the agreement are agreed to by the parties, definitive legal documents are drafted and the transaction is executed. From beginning to end, acquisitions generally follow four basic steps:
- Qualification
- Valuation and Term Sheet
- Due Diligence & Deal Execution
- Ownership Transition
Contact us today to learn more about our unique and powerful acquisition approach. We acquire businesses and preserve their legacies. |
