30 Jan The NYBB Group illustrates how Business Owners can sell their Businesses for Top Dollar by Leveraging Private Equity demand for Acquisitions.
It has been announced today that Tony Calvacca, Anthony Citrolo, and Lou de la Prida of The NYBB Group (NYBB), have completed the sale of Pro-Tek / Pro Plus a nationally recognized Leader in Industrial / Commercial Kitchen Equipment Sector.
New York, February 4, 2020
Mr. Calvacca states, “In the sale of this company, we were able to significantly exceed the average selling price for a business such as this by targeting multiple private equity groups nationally who had a strong desire to grow their existing business through the acquisition of this company. In addition, we were able to leverage a number of synergies that our client provided to this buyer allowing us to not only negotiate a very attractive price point but also very favorable terms.”
Mr. Citrolo also noted that, “The sale of this company was a good fit for our Client as well as the Private Equity Group that made the acquisition because both parties achieved their respective goals.
Further, Mr Calvacca adds, “To sell a business for the highest possible price and the most favorable terms, you need to locate the right buyer at the right time and make a defensible case to that buyer how the acquisition will benefit them”.
According to Mr. Luis de La Prida, “At The NYBB Group we use a team approach on business sales. In the sale of Protek /Proplus, I implemented an aggressive national marketing campaign to source credible private equity groups and strategic acquirers, while Mr. Anthony Citrolo, worked the financial side of the deal to illustrate to the buyers what the true value proposition of the deal was to them. Mr Calvacca’s role was to coordinate the activities of the team and negotiate each aspect of the transaction to assure that our Clients specific goals were achieved.”
About The NYBB Group
Mr. Calvacca, Mr. Citrolo and Mr. de la Prida are Co-Managing Partners of the NYBB Group located in Melville, NY. The NYBB Group is Mergers and Acquisitions firm, providing confidential M&A and Consulting Services for lower to mid-market businesses nationally. The company’s web site is www.NYBBINC.com
Contact:
Tony Calvacca, CBI , Managing Partner
Phone: 516.319.2214 – tony@nybbinc.com
Anthony Citrolo, CPA, CM &AA, Managing Partner
Phone: 516-473-4924 – anthony@nybbinc.com
Luis de la Prida, MBA, CM &AA, Managing Partner
Phone: 917-579-4196 – lou@nybbinc.com
