Many companies (in fact most companies) don’t have an exit strategy. This is a mistake. It’s important to develop a business exit strategy and to regularly review your progress, and be up-to-date on the trends happening in your market, and the current M&A market in tech overall.
Companies talk annually with their legal, insurance, and financial advisors. M&A Advisors should be added to this list. By establishing a relationship with an M&A advisory firm well in advance of any transaction, you will have the opportunity to build value into your company and avoid the common mistakes companies often make as they grow towards a sale. As you are determining your next move, it can be helpful to use our Advisors as a sounding board. We can provide you with insight on how your decisions can affect an eventual sale.
It’s important for shareholders to understand the exit process and how buyers will view and value their company. Preparing your company for an eventual sale well in advance of any transaction will result in a much smoother process and less stress for the shareholders and executive team, and is likely to increase your valuation.
We regularly advise many of the firms that contact us to hold off on exploring their options after we have had an initial discovery call. Instead, we coach them on what the shareholders and executive team need to address in order to get their company better positioned for a more favorable outcome.
We then arrange to follow up at a predetermined time to see how the firm has progressed. At this time, we might suggest additional areas to focus on and set a new timeline. Let’s talk about preparing your business exit strategy. Please use our Online Calendar or call us at 416-483-9400.
Tequity Proved to be Professional, Experienced and Extremely Knowledgeable
PureFacts wanted to augment its leading wealth management platform by adding a premier Salesforce partner. In all interactions Tequity proved to be professional, experienced and extremely knowledgeable about the Salesforce ecosystem. The Tequity team was not only pleasurable and easy to work with, they also brought an exceptional knowledge of business operations and a CEO perspective to the process. We would not hesitate to work with Tequity again, nor to recommend them as leading experts on transactions within the Salesforce community.
Their Counsel, Creativity, and Compassion Set Them a Cut Above.
We weren’t just looking for any buyer, but rather one that exhibited a series of unique attributes we felt were necessary to ensure our company would thrive under new ownership. Candidly, we weren’t sure if such a buyer even existed. Alex and the team at Tequity listened first, but then executed flawlessly to find us the perfect buyer. Their network and experience were crucial to the success of this project, but it was their counsel, creativity, and compassion that set them a cut above.d
Tequity Knew My Market and Found the Right Strategic Buyer
Having Tequity as my advisors made a significant difference. They were great to work with throughout the process and really understood my objectives and what was important to me in a transaction. I am excited about the acquisition by Pluribus Technologies as I believe that the company has the marketing and sales expertise required to grow TeleMED by increasing our market share in Canada and also reaching new markets outside of Canada which is exactly what I was aiming to achieve.
Tequity More Than Paid for Themselves
Like every other technology company, we were getting inundated regularly with calls from a variety of investors and potential buyers, so when we were getting serious about exploring an exit, we asked ourselves “do we really need to hire and pay for an advisory firm to help us”? After a long internal discussion, our shareholders decided it was worth the “insurance” to use an experienced M&A firm to help us through the process – after all, you only get to sell your company once.
Finding the Right Partner was Critical
Thanks to the Tequity team for helping us transition TGO to the next chapter. Having been in business for 30 years, it was a big decision to make a change and finding the right partner to help us with this was critical. We had briefly worked with another partner without success and are very happy that we chose Tequity to bring it all home. Your experience in our industry and with companies similar to ours was invaluable in setting expectations for me and my partners and helped to make this process as painless as possible.
Professional, Patient, and Helpful Every Step of the Way
We contracted Tequity to sell Roaring Penguin Software. We had very specific criteria for the type of buyer and deal that we would accept, and the Tequity staff performed diligent and exhaustive work to find us a good deal. They were professional, patient and helpful every step of the way, and persevered through a process made fairly long by our particularness. Kevin and Anish are a pleasure to deal with and I would highly recommend Tequity to any business owner thinking of selling.