Transaction History — Client Comments

Thank you for a job well done with the sale of Printrex to Transact Technologies. I might have been skeptical that you would prevail since another M&A firm had been unsuccessful, but you proved to be exceptionally good at your profession and found the right deal from a public company buyer that was also in the printer manufacturing business.

I especially appreciate that you two stuck in it out with us during the industry downturn and when the market improved you wasted no time circling back to those potential companies that showed earlier interest, ultimately striking a very good deal with Transact. The process took several years but your tenacity and hard work eventually prevailed.

All of our hard work at Printrex now lives on at Transact, and for that I am truly grateful. Thank you again for a job very well done.

Robert Beese
President, Printrex, Inc.

As the dust has settled, I wanted to take a moment and thank you for your representation of me with the sale of Spinnaker Microwave. I was eager to move on with my retirement, yet had run aground with my efforts to sell the company to Spinnaker’s second in command. From valuation metrics to forecasting future earnings, he and I just couldn’t agree on a plan.

You all agreed to the assignment, marketed the Company, all the while educating my second in command on valuation methodology. There were many moving parts that created a significant amount of uncertainty—a tax audit, customer concentration with questionable future sales, as well as the overall business climate. Further, the prior discussions between me and my successor had created a level of animosity. There were some extremely complicated tax issues that arose in the audit. You researched and found an attorney with all the requisite experience and knowledge to advise us—advice that without, we just could not have moved forward with the sale. You considered all these variables and created a sale structure that addressed all parties’ concerns.

The sale was successful and fair, and I am wholly satisfied with the results. You worked diligently and tirelessly, and closed the deal in short order, most importantly, before year end when I anticipated tax rates would materially change.

Thank you for your hard work and high level of professionalism. I really appreciate it.

Ernest Bertram
Spinnaker Microwave

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Transaction History

“Thank you so much for doing a fabulous job handling the sale of our company. We had faith in your skills and experience after being referred to you by both our attorney and accountant but you guys exceeded all our expectations and we now know for sure there is no way imaginable we could have handled this complex transaction on our own. We are on our way to a much deserved retirement and we really appreciate how hard you guys worked and how you tirelessly protected our interests.

We felt comfortable you flushed out the entire marketplace of potential buyers after confidentially contacting hundreds of strategic and financial buyers and you ultimately negotiated a great deal for us from the perfect synergistic buyer.

The Herculean effort you guys performed closing the deal in just thirty days working 24/7 through the month of December including the holidays to close before year’s end was above and beyond the call of duty. You guys managed the army of accountants, lawyers, lenders, appraisers, environmental consultants, employee/benefit consultants, and real estate advisors all the while making sure the mountain of purchase documents matched the hard fought for deal terms.

We are very happy being part of the Trulite organization and we look forward to slowly transitioning out of the company we founded 25 years ago while knowing that our employees and customers will be left in very capable hands.”

Jon Witkin, Western States Glass