March 1, 2013
For Immediate Release
Bridge Ventures announced today that it assisted in the sale of Advanced Hearing Systems of Joliet, IL, to a regional competitor. Bridge represented the seller on an exclusive basis in this transaction. At the buyer’s request, their name will not be disclosed in this announcement.
Craig A. Castelli, Managing Director of Bridge’s Chicago office, led the transaction. The seller hired Bridge after trying to sell the company on his own. Despite the time on market, the seller received the premium valuation he sought out of the transaction paired with favorable post-closing employment terms.
Like most of Bridge’s clients, the seller operates 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.
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 healthcare and business services sectors. 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