M & A Sale Announcement
Playbook Advisory Acted as the Exclusive Buy Side Advisor to a Private Investor.
Acquisition Financing of 90% provided by 5/3rd Bank Chicago.
Niche staffing agency with over 50 employees in 10 states
Playbook Advisory is pleased to announce the sale of a $3.5mm + local Chicago area niche staffing agency to it's client, a successful serial entrepreneur.
"Our firm acted as the Buy Side Advisor for the Buyer who was seeking to purchase a profitable area company for the past two years. Once we determined the buyers needs, our firm provided a quick introduction to an area company that fit the profile the Buyer outlined at the first meeting." Said Jim Peddle, President & Founder of Playbook Advisory.
"It's a great fit for the buyer and the seller is excited to pass on their legacy to someone who will continue to grow the company with the existing staff."
Financing for this transaction was provided by the Chicago office of 5/3rd Bank, which continues to expand their SBA financing programs for small businesses. The team at 5/3rd offered 90% financing, along with a line of credit for the new owners balance sheet to fund accounts receivable.
Interested buyers should contact Jim Peddle at 312-525-9622 to learn more about financing options for the purchase of a Chicago area company. We have a proven model for targeting, soliciting and closing a Buy Side engagement. With both a retainer and non-retainer/success fee approach, we are flexible as to providing the services you need.
Please let us know if you would like additional information on any listings currently for sale with Playbook Advisory or go to our website for up to date information on companies for sale.
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