“From our first conversation until the closing table, Jon persistently worked on our behalf to negotiate a cash deal.”
My company had developed and was manufacturing an innovative oilfield technology that significantly improved the efficiency of the fluid and sand blending process used in hydraulic fracturing. Having proven the benefits and commercialized the technology, we hired Jon as an advisor to help us monetize our investment in the company. From our first conversation until the closing table, Jon persistently worked on our behalf to negotiate a cash deal and agreeable terms from the major public strategic company in our industry. I remain very pleased that we decided to work with Jon and would happily recommend him to other business owners evaluating strategic options or looking to sell their company.
“Mike is a ‘Rockstar.’ Check my bank account. These guys know their stuff.”
“...they packaged our company into a transferable unit and wrapped it with a bow.”
It's been six short years since we sold our company, after five years of unsuccessfully trying to sell it ourselves.
Looking back, we remain very pleased about our decision to engage with Mike and Jon during the sale of Progressive Solutions LLC. They amazed us with their quick understanding of our business, its uniqueness and competitive advantage. In gaining this knowledge, they packaged our company into a transferable unit and wrapped it with a bow.
In less than a year, bringing us a number of options to consider, we sold our stock at a level beyond our wildest expectations. They closely advised us from initial engagement to the closing table.
We selected a purchasing partner that had the ability to expand our business further than we could have on our own, doubling our business and adding three points to our net margin in the first four years after the sale. The deal featured cash exceeding our goal at closing, and an unexpected earnout bonus that paid us additional cash as we hit performance targets.
It is my great honor and I am very happy to recommend Mike and Jon to successful business owners considering succession planning and strategic sellout options. I feel confident that they will exceed your expectations, as they did ours.
“Mike was easy to work with. They presented our company in its very best light. Negotiated a great deal, even with our heavy customer concentration.”
“...we decided that Mike Stengle and Jon Mueller offered us the best potential to maximize our sale.”
After receiving an offer to buy our company from an overseas conglomerate, we decided we needed professional assistance.
After a thorough search and interview process with several business brokers, we decided that Mike Stengle and Jon Mueller offered us the best potential to maximize our sale. They attracted serious interest from several other viable buyers and ultimately we accepted a deal from one of the top operators in our industry which provided significantly more cash and opportunity.
The company has grown substantially as a result of the acquisition and has resulted in a win/win situation for everyone involved. Mike and Jon were essential in helping us achieve this great outcome.
“They got us in front of the right buyers. We were very pleased with the outcome.”