Thursday, November 06, 2014
FOR IMMEDIATE RELEASE
Attention: Sun Acquisitions has been engaged to sell a near west suburban property management firm
Contact: Domenic Rinaldi, Managing Director
Address: 8735 W. Higgins Road, Suite 160, Chicago, IL 60631
Domenic Rinaldi, Managing Director, engaged to sell a Chicago-based Property Management Firm
Sun Acquisitions (www.sunacquisitions.com) announces that Domenic Rinaldi, Managing Director, has been engaged to sell a Chicago based Property Management firm that specializes in the management of Home Owners and Condo Associations. Sun Acquisitions will manage this entire engagement and advise on deal structures to ensure a successful transaction. Engaging an intermediary in the sale of a business assures business owners that they will get the best pricing and terms, the transaction will remain confidential, and most importantly, give the business owner the freedom to concentrate on his business.
The property management industry is a $69B industry in the US. Unlike many others, this industry improved during the recession growing more than 3% each year from 2009 to 2014. Industry analysts are projecting lower but continued annual growth of greater than 2%.
This seven year old property management firm provides management, accounting, and maintenance to condominium, townhome, and commercial and medical properties. This firm currently has annual client contracts and has maintained strong long term relationships that has resulted in consistent financial performance year over year.
“We are pleased our firm was chosen to manage this engagement”, stated Mr. Rinaldi and “we believe this business is a great fit for an existing operator or a company that provides other services to the home owners/condo association industry. Having sold multiple property management companies in Chicago over the past several years our firm is uniquely suited to manage this engagement and help our client achieve their goals”.
For more information please contact Domenic Rinaldi at 773-243-1603
About Domenic Rinaldi
Domenic Rinaldi is the President and Managing Partner of Sunbelt Chicago. He was awarded the professional designation of Certified Business Intermediary from the International Business Brokers Association and is considered an expert in the field of business brokerage. He is a seasoned executive who brings over 24 years of proven experience in merger/acquisition, sales, service, marketing and operations to the business brokerage arena.
Domenic is recognized by colleagues and associates as a leader with determination and integrity. He has helped countless business owners develop, execute and maximize their exit strategies. Personally, he has served on the boards of several non-profit organizations and started a citywide program serving under-privileged school children.
About Sun Acquisitions
Sun Acquisitions provides mergers and acquisition services to clients interested in the confidential sale, acquisition or valuation of privately held mid-market companies. We have successfully managed and handled engagements across all industries and are recognized as a leading advisory firm in the Midwest. www.sunacquisitions.com