Immediate Release: September 20, 2017
Sun Acquisitions announced today that it has been engaged to sell a niche Chicago area foam products distributor. The Business has been in operation for 40 years.
The Business distributes an extensive variety of foam packaging and custom foam products that are used in a range of industries that require precision parts such as aerospace, automotive and certain military branches. The Business has carved out a niche and has accumulated a diverse customer base. The Company has long-standing relationships with nationwide vendors that can provide high precision products and drop ship directly to customers.
The Business has been an approved GSA vendor for 14 years and a new owner would be able to take advantage of this status to drive growth. A buyer would take over a $1.8M GSA order that is in its initial stages of fulfillment and has 3-4 years to completion. There are approximately 510 active commercial and government accounts. Revenues have been increasing from year to year. The Business is an exceptional opportunity, portable with solid year over year performance.
Sun Acquisitions will manage the entire engagement to ensure a successful transaction is completed. 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. Sun Acquisitions’ Burt Evans is the primary advisor for the Business and will lead marketing efforts.
About Sun Acquisitions
Sun Acquisitions is a Chicago based mergers and acquisitions firm. We work with clients that are interested in the confidential sale, acquisition or valuation of privately held middle market and main street companies. Our professionals have significant experience and knowledge to thoroughly guide clients through each stage of the sale or acquisition process. Sun Acquisitions has successfully managed and handled engagement across all industries and is recognized as a leading M&A advisory firm in the Midwest. For more information contact us at 773-243-1603 or at [email protected].