News & Insights

West Michigan Entrepreneur Purchases Schuil Coffee

Tuesday, August 08, 2017
 

Rua Associates LLC, West Michigan’s premier mergers and acquisitions firm, is pleased to announce the successful sale of Schuil Coffee Company, a West Michigan-based specialty coffee roasting company.

Tim Volkema, 40, purchased the business in late June from Greta Schuil. Schuil has been running the company the past 20 years. She plans to assist with a smooth transition and then pursue other interests. Terms were not disclosed, but Tim Volkema said the business will remain “a closely-held family business with no debt, allowing us to focus on our customers and hold a long-term view in our decision making.”


The 10-person full-time staff of Schuil Coffee remained with the company following the purchase, so operations were not affected by the ownership change. “Our goal is to make the transition as seamless and transparent for our customers as possible,” he said.

Today, Schuil Coffee roasts, packages and sells more than 100 coffees, including Schuil Blends, Fair Trade Organic, Flavored and Estate coffees from important coffee-producing areas like Sumatra, Yemen, Zimbabwe, Guatemala, the Andes, Nicaragua, Jamaica, Brazil and Costa Rica.

Schuil Coffee has been supplying coffee and tea on a wholesale basis to retailers, coffee shops and restaurants throughout the Midwest since 1981. The company also sells products and provides brewing equipment and accessories directly to offices of all kinds -- companies, churches, hospitals, etc.

Schuil Coffee also operates a retail store selling its freshly-roasted coffee beans and teas, baked goods, and brewing equipment at its roasting facility and warehouse at 3679 29th Street SE in Grand Rapids. The store employs full-time baristas who brew coffees and serve a variety of espresso-based drinks. All of the Schuil Coffee products can be ordered online through its website at schuilcoffee.com.

Those interested in learning more about the company can visit its website at http://schuilcoffee.com.

 

How to Buy or Sell a Business-Holland

Wednesday, April 12, 2017
 

The goal of this seminar is to inform business owners and others on the many aspects of purchasing or selling a business.

Speakers 

  • Eric Seifert, MI-SBDC
  • Brian Picarazzi,SBA
  • Thomas Munroe, Merrill Lynch Wealth Management
  • Randy Rua, Rua Associates,
  • Nick Good, NuVescor
  • Haans Mulder, Cunningham Dalman P.C.
  • Craig Sutherland, Bank of America
  • Mac Dobson, Bank of America


Topics Include:

Specific Topics will be addressed in breakout sessions and will include:

•Business Valuation

•Preparing to Sell

•Due Diligence

•Financing Your Purchase

Event Details

What: How to Buy or Sell a Business

Who: Business owners and others who desire to learn about acquiring or selling a business

When: Wednesday, May 3, 2017 8:30 AM-1:00 PM. Registration will begin at 8:00am. A final Panel Discussion will be held at the end with a question and answer session between panelists and attendees. There will be networking opportunities both before and after the event.

Where: Double Tree Conference Center, 650 East 24th Street, Holland, MI

Cost: $50.00 (free for Veterans with proof of military service)

To register: Pre-registration is required online for this event. Call (616) 331-7370 or visit www.SBDCMichigan.org/Training
Questions? email: sbdc@gvsu.edu


How to Buy or Sell a Business-Ann Arbor

Thursday, February 09, 2017
 

The Michigan SBDC has assembled a team of experts to discuss various topics about Buying or Selling a business.

Speakers 

  • Opening remarks-Charlie Penner, MI- SBDC 
  • Greg Light, Rehmann
  • Dawn Drozd, Rua Associates
  • John Carter. Insyght Legal
  • Dave Ellis, Old National Bank
  • Eric Seifert, MI-SBDC, Panel Discussion Moderator

Topics Include:

Topics to include:

•Business Valuation

•Preparing for Sale

•Due Diligence

•Financing Your Purchase

Event Details

What: How to Buy and Sell a Business

Who: Business owners and others who desire to learn about acquiring or selling a business as well as other professional business advisors

When: Thursday, February 23, 2017  8:00 AM-12:00 PM.  Breakout sessions will target buy and sell side challenges. There will also be a panel discussion at the end from 11:15am to 12:00pm

Where: Washtenaw Community College,Morris Lawrence Building, Room 101, 4800 E Huron River Drive, Ann Arbor, MI 48105

Cost: $25.00 (includes full breakfast buffet served at 8:00am-8:30am)

To register:
 www.SBDCMichigan.org/Training
Search Topic: Buy/Sell a Business


Questions? Contact 734-477-8765

How To Buy or Sell a Business-Muskegon

Wednesday, December 21, 2016
 

The Michigan SBDC has assembled a team of experts to discuss various topics about Buying or Selling a business.

Speakers 

  • Opening remarks-Brian Picarazzi, Senior Area Manager, U.S. Small Business Administration, Kevin Ricco, Regional Director, GVSU Muskegon Innovation Hub, Eric Seifert, Growth Specialist, Michigan Small Business Development Center
  • Patrick Mutchler, CPA, Brickley DeLong
  • Nick Good, Transaction Manager, NuVescor Mergers & Acquisitions
  • Adam Zuwerink, Attorney, West Michigan Law, P.C.
  • Matt Uhl, Vice President of Business Banking, Huntington Bank
  • Steve Whitteberry, Managing Director, Invictus Mergers and Acquisitions

Topics Include:

Topics to include:

•Business Valuation

•Preparing for Sale

•The Purchase Process and Due Diligence

•Financing Your Purchase

Event Details

What: How to Buy and Sell a Business

Who: Those who are looking to purchase or sell a business, as well as accountants, attorneys, business brokers, financial planners, CEOs and CFOs

When: Tuesday, January 31, 2017  8:30 AM-12:00 PM.  Breakout sessions will target buy and sell side challenges from 9:00am-11:00am. There will also be a panel discussion at the end from 11:00am to 12:00pm

Where: Muskegon Innovation Hub, 200 Viridian Drive, Muskegon, MI 49440

Cost: $25.00

To register:
 Call (616) 331-7370 or visit https://clients.sbdcmichigan.org/events.aspx (search by zip code: 49440)
Search Topic: Buy/Sell a Business

Packaging Industry Veteran Purchases Westpack, LLC

Tuesday, December 20, 2016
 

Rua Associates LLC, West Michigan’s premier mergers and acquisitions firm, is pleased to announce the successful sale of Westpack, LLC, located in Muskegon, to local packaging industry expert, Rich Wilson.

Established in 1992, Westpack designs and manufactures protective industrial packaging materials for durable goods industries including furniture, automotive, metal fabrication and plastic fabrication. Westpack sets itself apart from many packaging companies by focusing on low- to medium-volume production runs using a variety of materials including corrugated, foam, honeycomb and plastic. The Westpack system is designed to cut customer costs along with materials, damage and labor optimization. Dale Deveau founded the company when he saw opportunities to better serve small customers. Westpack’s design abilities and specialized and modified equipment give it a market niche that offers complete, cradle-to-grave packaging services that have maximized Westpack’s value to customers.

Rich Wilson brings with him over 20 years’ experience in the packaging industry as well as five years in the urethane foam industry. Rich has had sales, design and operational roles at multiple levels in both large international companies as well as smaller local companies. Through these experiences, he has contacts and relationships with both suppliers and customers not only within West Michigan but on a regional and national level as well.

Rua Associates, LLC proudly served as the exclusive mergers and acquisitions representative for this transaction.


How To Buy or Sell A Business-Bay City

Wednesday, December 14, 2016
 

The Michigan SBDC has assembled a team of experts to discuss various topics about Buying or Selling a business.

Speakers 

  • Opening remarks-Tom McFadden, Lender Relations Specialist, US Small Business Administration, Christine Greve, Great Lakes Bay Regional Director, Michigan Small Business Development Center, Eric Seifert, Growth Specialist, Michigan Small Business Development Center
  • Shawn Hyde, Business Valuation Manager, Yeo & Yeo CPA's
  • Randy Rua, President, Rua Associates
  • Clayton Johnson, Attorney, Braun Kendrick PLC
  • Mike Williams, Senior Vice President, Chemical Bank Commercial Lending
  • Steve Whitteberry, Managing Director, Invictus Mergers and Acquisitions

Topics Include:

Topics to include:

•Business Valuation(Sellers Track)

•Preparing for Sale(Sellers Track

•Due Diligence(Buyers Track)

•Financing Your Purchase(Buyers Track)

Event Details

What: How to Buy and Sell a Business

Who: Those who are looking to purchase or sell a business, as well as accountants, attorneys, business brokers, financial planners, CEOs and CFOs

When: Friday, January 27, 2017  10:00 AM-2:00 PM.  Breakout sessions will target buy and sell side challenges. Lunch will be provided from 12:30 pm to 12:50 pm. There will also be a panel discussion at the end from 1:00pm to 2:00pm

Where: Delta College, 1961 Delta Road, University Center, MI 48710

Cost: Free Event-lunch is provided

To register:
 www.SBDCMichigan.org/Training
Search Topic: Buy/Sell a Business


Questions? Contact 989-686-9597

M&A Case Study Event-Macatawa Bank

Friday, December 09, 2016
 

Speaker Information

Moderator:
  • Joel Brandt, Commercial Banker, VP, Macatawa Bank

Panelist:
  • Randy Rua, President, Rua Associates, 
  • Matt Hoeksema, Chief Commercial Banking Officer, Macatawa Bank, 
  • Jonathan Siebers, Attorney, Rhoades McKee


A presentation with a M&A case study walking through the entire transaction process.


Event Details:

Presented by: Macatawa Bank & Rua Associates

What: M&A Case Study presentation

Who: Buyers and Sellers

When: Tuesday, February 7, 2017 from 3:00pm-5:30pm

Where: The Knickerbocker Brewpub and Distillery, 417 Bridge Street NW, Grand Rapids, MI 49504


Registration information:
MACaseStudy.Eventbrite.com

How To Buy or Sell a Business-Sterling Heights

Tuesday, October 04, 2016
 

The Michigan SBDC has assembled a team of experts to discuss various topics about Buying or Selling a business.

Speakers 

  • Opening remarks-Richard King and Eric Seifert-SBDC
  • Greg Light, Rehmann
  • Randy Rua, Rua Associates
  • John Carter. Insyght Legal
  • Dale Brown, PNC  Bank
  • Mike Ufford, MCDC

Topics Include:

Topics to include:

•Business Valuation

•Preparing for Sale

•Due Diligence

•Financing Your Purchase

Event Details

What: How to Buy and Sell a Business

Who: Business owners and others who desire to learn about acquiring or selling a business as well as other professional business advisors

When: Thursday, November 3, 2016  8:00 AM-12:00 PM.  Breakout sessions will target buy and sell side challenges. There will also be a panel discussion at the end from 11:00am to 12:00pm

Where: Velocity Collaboration Center, 6633 18 Mile Road, Sterling Heights, MI 48314

Cost: $25.00 (includes full breakfast buffet served at 8:00am)

To register:
www.SBDCmichigan.org/Training


Questions? Contact 734-487-0355

How To Buy Sell A Business-Grand Rapids

Thursday, September 29, 2016
 

The goal of this seminar is to inform business owners and others on the many aspects of purchasing or selling a business.

Speakers 

  • Eric Seifert, Growth Consultant/SBDC
  • Brian Picarazzi, Small Business Administration
  • Randy Rua, President,  Rua Associates
  • Peggy Murphy, Hungerford Nichols CPA & Advisors
  • Jonathan Siebers, Attorney, Rhoades McKee
  • Steve Whitteberry, Invictus Mergers and Acquisitions
  • Mike Moraw-Huntington Bank

Topics Include:

Topics to include:

•Business Valuation

•Preparing to Sell

•Due Diligence

•Financing Your Purchase

Event Details

What: How to Buy and Sell a Business

Who: Business owners and others who desire to learn about acquiring or selling a business as well as other professional business advisors

When: Wednesday, October 12, 2016  8:30 AM-12:00 PM.  Breakout sessions will target buy and sell side challenges. There will also be a panel discussion at the end from 11:00am to 12:00pm

Where: L. Wiliam Seidman Center Forum, Grand Rapids MI 49504

Cost: $25.00 

To register: https://clients.sbdcmichigan.org/workshop.aspx?ekey=70360086


Questions? email us: marketing@ruaassociates.com or phone us: (616) 741-9344

Preparing to Buy or Sell a Business

Monday, August 15, 2016
 

Looking to Buy or Sell a Business?

The goal of this panel discussion is to help you understand the process and challenges as you plan for selling or buying a business.

Topics Include:

Building value

•Current market demand

•Evaluating opportunities

•Understanding valuation

•Assembling your transition team

•Bank financing

•Negotiating

•Successful closing

•Legal

 

Panel Information

Panel Host: Carol Crawford, Partner, CSquared Advantage Inc.
Panel Participants: Alex Calder, Sales and Marketing Manager, Rua Associates; Kristin Britt, Attorney, Britt Morant PC, Kerry Bean, CPA/Valuations, Hungerford/Valuation; Aaron Griffin, Business Banking Specialist, Huntington Bank

Event Details

What: Preparing to Buy or Sell a Business

Who: Owners who want to sell; potential buyers

When: Thursday, September 15, 2016 2:00pm-6:00pm with Networking 2:00pm-2:20pm, and after event outside of meeting room

Where: Founders Brewing Company 235, Grandville Avenue SW, Downtown Grand Rapids In the Centennial Room, 2nd floor. Access through elevator in gift shop.

To register: https://foundersseminar.eventbrite.com

Cost: $35 Includes Appetizers & 2 Drinks

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