We have developed a simplified four step process empowering sellers to make an informed decision along with identifying those actions necessary to prepare for a sale and optimize the sale price and deal terms. While the process is designed to take a firm “to market,” owners are under no obligation to proceed with subsequent steps and may pause the process at any time. Both members and non-members are eligible for the program.
During this initial phase of the process, using a brief questionnaire and during the course of one to two telephone calls, a TechServe advisor will assess an owner’s readiness to sell, motivations and expectations—often neglected considerations. There will also be a general discussion of the marketplace and an informal discussion of valuations. All communications will be kept strictly confidential.
In the second phase of the process and upon entering into a Non-Disclosure Agreement (NDA), a TechServe advisor will perform an in-depth analysis of all attributes of the business including, but not limited to financials, client profiles, geographic footprint, internal team composition, and service offerings among other factors that impact valuation. A summary report and PowerPoint deck will be prepared which includes an estimated valuation range and supporting analysis.
To position a firm to achieve maximum value on sale, a thorough evaluation of a business’s operations will be undertaken. Using industry-specific due diligence items as a guide, a TechServe advisor with deep IT & engineering staffing experience will identify potential deficiencies that may impede a sale as well noting opportunities to improve operations and enhance enterprise value. This phase will also include consideration of potential deal structures along with an assessment of current market conditions. A report will be provided setting forth the review along with a roadmap on how the owners can optimize their net proceed in an exit.
While preserving confidentiality, the TechServe team will reach out to its vast network to market your firm to potential buyers. In addition to expanding the number of potential acquirers who would compete for the opportunity to buy your firm, the TechServe program also shifts most fees to the buyer—a major innovation in the way IT & Engineering Staffing firms are bought and sold. Sellers will not pay any advisory fees beyond the $5,000 for the services in Steps 2 & 3.