Sun Acquisitions is pleased to announce the successful acquisition of Recovery Solutions, a commercial disaster recovery services provider based within the Greater Chicago area.
Recovery Solutions was founded in 2005 to provide commercial clients with a comprehensive & turn-key plan for disaster recovery services such as: mobile office facilities, business resumption, independent communications, and any necessary technology and equipment. These services allow a business to seamlessly and effectively continue after they have experienced an unexpected disaster. 95% of their sales stem from recurring contacts with their nationwide customer base and minimal customer concentration.
There are major growth opportunities for the new ownership to continue to grow the business. These opportunities include: offering higher-end services to maximize profitability, strengthening marketing strategies, further developing sales team, and expanding the current geographical reach to capture untapped markets.
From the listing date to the closing table, Sun Acquisitions successfully sold this business in only 7 months. Sun Acquisitions generated over 20 potential buyers for the business which led to 3 final offers. The team at Sun Acquisitions facilitated a strategic acquisition for their client with Agility Recovery, a large, nationwide disaster recovery services provider. This is the third strategic acquisition Agility Recovery has facilitated to grow the company’s ability and reach.
Matt Brunstrum, Advisor, led the transaction and Joseph Beer, VP of Operations, facilitated the closing coordination for the client. Domenic Rinaldi, Managing Partner, stated, “Our team did an outstanding job of generating significant interest for our client, negotiating through multiple offers and managing this deal through some complex issues to the closing table.”