Stoneworth Financial assisted the client with due diligence investigations into the buyer, preparation and dissemination of seller’s due diligence information —- including the use of the Stoneworth Virtual Vault —- negotiating the definitive agreements, and final deal execution.
The deal from start to finish took less than two months, due to the fact that the seller had his company in very good order and also to the fact that the information was handled through the Stoneworth Virtual Vault. The Stoneworth Virtual Vault allowed the buyer easy access to secure data without disrupting the seller’s business, and allowed Stoneworth Financial to keep tabs on the buyer’s progress.
“Stoneworth Financial was a fantastic resource for deal management, offer validation, and vetting the buyer. Thank you for your support in the negotiations. When key issues came up, knowing the M&A market for staffing companies and the buyer’s track record on other deals and with other obligations was a comfort. Once we got to the LOI stage, managing information flow through the Stoneworth Virtual Vault (SVV) online data room was key to closing the deal in three weeks without a major disruption in my business. The SVV’s ability to give the buyer access to information, allow the seller to know what information has been shared, and allow Stoneworth to keep tabs on the transaction’s progress was worth a tremendous amount.”
“Please use me as a reference in the future. I am proud to be a repeat customer for Stoneworth Financial and look forward to working with you on my next deal.” – Larry Steele, Owner, PPS Staffing