Sun Acquisitions has been engaged to sell a successful events producer, that primarily services the Illinois market.
The company offers many services to produce a variety of types of events including: running and sporting events, street festivals, corporate conferences, and parades. They produce events within the Illinois market and also out of state events. They own most of the equipment that is required to execute the events to ensure little outsourcing. They are equipped with an experienced management team to run the day to day operations of the business. The successful events producer maintains 80% of their customer base with little customer concentration.
According to IBISWorld Industry Reports, over the next five years to 2024, the industry revenue is expected to climb at an annualized rate of 1.9% to $36.6 billion. There are many opportunities present to grow the company including: increase focus on sponsorships and corporate events, further developing proprietary service offerings, and expand the current geographical footprint.
Joseph Farinella, senior advisor with Sun Acquisitions, will be managing this engagement and will oversee the firms marketing efforts. Joe has over four decades of experience as a business owner and in the merger and acquisitions industry. Engaging an intermediary in the sale of a business assures business owners that they will get the best pricing and terms and that the terms will remain confidential.