We want to start off by saying how
satisfied we were working with Rua Associates.
We felt we had made a string of good decisions over the past few years,
and our decision to sign on with Rua Associates proved to be the crowning
decision of our careers. Our main
concern going into the process was what our after-tax proceeds would be. Before going to market, Rua Associates
presented us with an analysis of what they predicted our after-tax proceeds
would be if we went to market. This
provided the impetus for us to proceed with a ‘GO’ decision.
The entire Rua team was very
professional, and their deal structuring was both innovative in its creativity
and logical in its simplicity. The
experience exceeded our expectations, and was actually an enjoyable
journey. And the business was left in
Overall we were incredibly pleased
with Rua Associates and would recommend them to anyone looking to sell or
purchase a business.
To Whom It May Concern,
We want to start off by saying how pleased we were working
with Rua Associates.
We had been approached multiple times in previous years by
strategic buyers about selling our company. A few years back we decided to
explore the opportunity, with an inexperienced team, and it ended up falling
apart. The physical and mental energy we
consumed, along with the expense, while
attempting to do this and run our business was enormous.
Fast forward a few years and we felt we were again ready to
sell the business. Our business was growing and we wanted to sell to someone
who could help take the company to the next level, for the benefit of both our
employees and customers. We also wanted to sell the business before January 1, 2013,
when the capital gains tax rules changed.
This time around we wanted to make sure we were fully
prepared going into the sale. We interviewed a number of firms and decided to
go with Rua. We decided on Rua due to their process and focus on upfront
preparation. Rua helped us be fully prepared from the beginning by valuing the
business, interviewing buyers to gauge demand, preparing us for due diligence,
Once we put the business on the market, we had incredible
momentum due to the upfront preparation and planning. Throughout the process, Rua gave us great
support and kept things moving forward. We are proud to say we closed on
December 31, 2012 for more than we had been expecting! Their team approach and
preparation was key to bringing the transaction to a successful close. Thus, we
highly recommend Rua Associates!
Dean and Paula Smith, Former Owners of Specialty Heat
YOU for all you did to expedite the business evaluation and information. I had my personal investment advisor review the document and he was most
impressed with your firm's expertise. He would like to utilize your firm
in the future.
From my heart and
tired head, I thank your team, Randy,Tami, Jack and you for carrying this
mission the extra step. It really did make a difference in the end. So-- when you are exhausted, can't look at one more number or take one
more phone call-- just remember that what you do DOES make a difference.
To Whom It May Concern,
I decided to engage Rua Associates at the end of October 2012 for actively seeking a business to buy, which has been my lifetime dream. Rua
did some research based upon my desired criteria and together we identified a
small group of companies to have initial conversations with. Out of those conversations, we decided to
proceed further with a Midwest Manufacturer’s Representative Firm. Originally,
we thought we wanted a majority interest in a business but we quickly realized
how important the owners were to the business and decided keeping them as part
of a new team was a vital part of the business. Rua Associates was able to
analyze the company and put together minority purchase terms that made sense
to both the sellers and me. Rua did a great job keeping momentum on the project
and enabling the purchase to occur. We highly recommend them whether you are
looking to buy or sell a business.
It is amazing to look back at everything that has happened
in the past few years and all the work it took to purchase a business! Buying a
business is a roller coaster ride of ups and downs. I am proud to say that Rua
Associates was along for the ride with me. Even though they were representing
the seller, they still helped me as the buyer making it a win-win situation.
They were instrumental in developing a purchase structure that made sense for
both the seller and me. They also gave me great support when I was working
through the banking and due diligence. I thank Rua Associates for all their
hard work and highly recommend them to anyone looking to buy or sell a
Krieg Lee, President of Forrest Company
To Whom It May Concern,
When I left my previous job as VP of Global Product
Development at Johnson Controls in July 2012, I had several options of getting
a new job, starting a business or buying an existing business. My preference
was to buy an existing business so I started searching for someone who could
help me accomplish this. I found Rua Associates and engaged them to do an
active acquisition search for me. I also analyzed some of their sell-side
listings including Broadview Product Development. While other opportunities
interested me, Broadview interested me the most due to how it fit my
background, how I connected with the owner and the convenient location. Once I
decided Broadview was the business I wanted, I began the unfamiliar process of
buying a business. Throughout the process of buying a business, Rua Associates
was a great help assisting not only their client but me as well. I am happy to
say that after only 4 months I was able to successfully purchase my own
business. Based upon my experience, I would highly recommend Rua Associates to
anyone who is looking to buy or sell a business.
Rick Arnold, President of Broadview Product Development
To Whom It May
over 20 years, I was employed at Action Management Corporation. During my
tenure, my job title changed various times and I continued to increase my
responsibilities. In 2008, I was named the President, which allowed the current
owner to begin scaling back.
was hired as the exclusive representative to pursue a sale of the business for
the owner. Randy Rua and Kent Snyder approached me to gauge my interest in
possibly buying the business. I was very interested although I knew,
financially, the transaction was going to be a challenge. Rua Associates utilized
their knowledge of the SBA lending rules to design a transaction structure that
provided the financing needed and was agreeable to both the former owner and I. They connected me with a specialist in using
retirement funds to purchase a business, which provided the capital I needed
for the down payment.
the purchase, Rua Associates took a hands-on approach and carefully guided me
through the banking process. It was a difficult and complicated process, but we
were successful in allowing me to use a Self-Directed IRA to complete the
purchase and the final structure mirrored the exact structure that was
presented to both me and the Seller so many months previously.
recommend Rua Associates for any business transition. They have a well-versed
team with a high-level of technical expertise. They continually pushed the
project forward through every major and minor roadblock to ensure a successful outcome.
To Whom It May Concern,
When I stepped away from Hudsonville Ice Cream, I wasn't sure where I would be next. Through some mutual relationships, I met Randy Rua and he presented the opportunity at The Worden Company to me and some partners. Rua Associates played a critical role in helping us secure the purchase of The Worden Company. Krista Heynen and Brandon Maat expertly helped us complete all of the analysis to help us make a solid evaluation. The Rua team worked diligently with many banks to help us secure the right financing for our acquisition. I highly recommend Rua Associates whether you are looking to purchase a business or sell your business. Their service and expertise is outstanding.
The Worden Company
To Whom It May Concern:
I want to begin by strongly recommending Rua Associates, LLC to any business owner that is
considering selling their company.
I am the former owner of a small manufacturing company in Michigan I. I founded the company 10 years ago and it reached the point to where it needed the right individual to take the company to the next level. I knew I was not that individual and had other life goals, so I contacted Rua Associates.
I was introduced to Max Friar and Rua Associates, LLC in May 2012 by a close friend. Over the course of the subsequent months, Max guided me through the rigorous process of meeting qualifying buyers, negotiating offers and navigating the due diligence process. I am extremely pleased to say that I successfully sold my company with Rua’s help in less than five months! This completely exceeded my expectations and I could not have done this alone.
At all times during the process I found Max to be honest, dependable, hard-working, genuine, professional and thoughtful. They took the time to get to know me, my business and my goals. What struck me the most about them was their determinedness, communication skills and ability to handle stressful situations with ease. He was also always available- usually immediately, to attend to my questions and concerns. Something I view as paramount-feeling like I was a priority. They prioritized me and my company and that speaks volumes into his integrity.
Selling my business was one of the hardest, most emotional things that I have ever done. I needed a strong ally, someone that I knew was fighting on my side and helping me to make the right decisions.
In closing, I highly recommend the Rua Associates team. They have the right team, skills, philosophy and people skills to get the skills to get the job done.
Former Business Owner of Small Manufacturer in Michigan
I just wanted to let you know my thoughts as I celebrate our success today.
I know everyone has been giving "high fives" for closing the deal, but you really deserve something beyond that. This purchase is honestly a dream of mine come true. I had sought this dream for nearly ten years on my own, not knowing what it would take to acquire a company. Max, we started this acquisition search for a water treatment company two years ago. You were really the driving force. You are a true professional. I am so proud of our team and feel privileged to have worked together to make this acquisition. I consider you a friend.
My Sincerest Appreciation,
Mark R. Juhl