Engagement Results

Industry:

Security Systems And Banking Equipment

Size:

1200 employees

Expertise:

Transaction Services

Assignment:

Sell the assets of a 1200 employee North American company that supplied banking equipment and security systems. The parent company, based in the United Kingdom, was shifting their product and distribution strategy and this division no longer fit their long-term objectives.

Actions:

MainStream Dispositions' staff identified buyers for the trade names, product lines, service and installation organization, sales force, patents, customer list, and other intangible and intellectual property. Specific cost savings and growth strategies were developed by our staff to showcase the potential of the company. This information was then included in the offering memorandum.

Presentations were prepared and meetings with prospective buyers were hosted at the company headquarters. Visits with the company's largest customers and the final two prospective buyers were scheduled and facilitated by our staff. These visits were designed to provide an opportunity for the two leading buyers to meet face to face with their prospective new customers and to further develop a sense of enthusiasm for the business.

Result:

The company was sold in less than 12 months to a major competitor for more than $32 million. The transaction met all of the goals outlined by the parent company.