Founding family needed to time the market to achieve liquidity

Objectives:

Bridgepoint was selected by our client as it’s exclusive sell-side M&A investment bank and advisor in the sale of its 40-year family company. The company had been attempting to sell to various acquirors for three years, but could never get a deal over the finish line. After two failed processes (LOIs), the owner approached Bridgepoint in order to bring on a professional, sophisticated strategic advisor and to get the deal done. His ultimate goal was finding a good partner to continue the family legacy, take care of the company’s employees and achieve liquidity for his family.

Results:

Bridgepoint ran a professional sell-side partnering process, leveraging our deep experience and buyer connectivity with senior-level executives in the space. We ran a tight process approaching only 8 strategics, solicited three bids, and ultimately generating an additional 3-4x EBITDA in sale price for the client. Ultimately, the client was thankful at the end and indicated the company never would have sold without Bridgepoint running the process. Furthermore, the client’s family now not only enjoys liquidity at full market valuation, but also selected a partner committed to the next generation of growth for the company and its employees.