May 23, 2012
For Immediate Release
Bridge Ventures announced today that it assisted in the sale of three hearing aid companies during the month of May. Bridge represented each seller on an exclusive basis in the transactions. The transactions involved the sale of two private hearing aid retailers located in West Virginia and Ohio to a national provider in the same industry, and the sale of an Illinois hearing aid retailer to a local competitor. At the request of the parties involved, specific company names have been withheld.
Like most of Bridge’s clients, these companies operate in a rapidly consolidating industry. Bridge’s experience with consolidating sectors and its extensive industry contacts allowed it to attract multiple qualified and well-capitalized buyers.
Craig A. Castelli, Managing Director of Bridge Ventures, commented on the transactions. “In all three deals, the sellers received multiple, competing offers, allowing each to accept an offer providing them with not only the highest price but also the deal terms and structure they sought. It makes my job a lot easier when I know my clients can go to sleep each night with the confidence that they did what was best for both their bank account and their legacy.”
About Bridge Ventures
Bridge Ventures is a middle market merger and acquisition firm specializing in assisting privately held companies with revenues ranging from $500 thousand to $50 million. Bridge focuses on assisting business owners in rapidly consolidating industries, with an emphasis on the hearing aid and audiology, document and information management, and home care industries. If you are a business owner thinking about selling your company, contact Bridge Ventures directly to find out how they can make the sale of your business a success.
For inquiries, contact:
Craig A. Castelli
Ph: (312) 441-0779