Challenge: The owner desired to sell the business. However, he had previously attempted to obtain interest from buyers, but was unsuccessful.
Solution: The owner engaged Wilcox Swartzwelder & Co. to create and manage an auction sales process to solicit a number of credible buyers for which the Company had a strategic fit. WS&Co aggressively solicited interest from a number of qualified buyers, negotiated favorable terms Frac Tank Rentals (sponsored by Lone Star Investment Advisors and Venquest Capital Partners) and successfully closed the transaction.
Transaction Demonstrates: Another example of Wilcox Swartzwelder & Co.’s deep industry knowledge, transaction execution expertise and its ability to move fast.
Wilcox Swartzwelder & Co. provides energy investment banking in Hobbs, New Mexico.
See Press Release.