Category Archives: Company News and Announcements
Company News and Announcements
Yes we are selling businesses during COVID 19! Just closed one!
Business Sales Group is pleased to announce the sale of a mechanical and electrical engineering firm on the East Coast. The buyer was a large national strategic buyer so the two firms were merged. The owners are excited and will remain for years to come, working with their new partner. Congratulations to Bob Bowers and Lauri Wood of theCBI Group, Atlanta, Georgia who worked diligently to make this transaction happen.
What to consider when selling a business after COVID19
What do you need to consider if you are thinking about selling your business after COVID19? Times have changed and you need to know what is important if you are thinking about selling your business.
Aluminum Casting and Foundry Business Sold
Business Sales Group is pleased to announce the successful sale of an Aluminum Casting and Foundry company in the Rocky Mountain Region. They are industry leaders in their field with customers nationwide. Business Sales Group was the advisor for the transaction. The deal size was under $10 Million. This transaction was unique due the utilization of a CAPS Trust to eliminate $783,000 of taxes for a C-corporation and defer $2.1 Million of Capital Gains Taxes.
