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What some of our clients
and colleagues have to say about Private Equities...
"The
highest compliment we can give Michael Sipe and Private Equities is at
the personal level. We could elaborate on the ultimate skills Mike brings
to the buying/selling process; the alacrity with which he understands
the technical details of the business; the depth, accuracy and volume
of presentation, both verbally and bound, which sets him apart from all
others; the careful search and selection of buyers; the fearless interaction,
even confrontation, with potential buyers whose motives or situations
are questionable; the total understanding and presentation of the financial
projections and conditions of the business; the development of a good
and fair selling price; the ability to forge a solid alliance between
buyer and seller... we could go on. Mike brings such a high degree of
professional integrity, honesty and intense involvement that after all
the cards have been played and the game is over, EVERYONE is a winner,
and new friendships have been created." |
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“I
initially approached Mike Sipe to evaluate a potential sale of my
business. Since I had what I considered a 12-year old 'niche'
technology business, I was unsure if there was a market for it or not.
Mike readily accepted the challenge to sell my business and worked
diligently to find a buyer that met my requirements for a sale.
Through the inevitable ups and downs of the process, and the many
surprises, Mike remained a level-headed influence on both myself and the
potential buyers. He often provided simple solutions for what, at
times, seemed like insurmountable issues. I would highly recommend
Mike and Private Equities to anyone considering a sale of their
business.”
“I recently closed the sale of my company and I was privileged to have Michael Sipe as the broker for the transaction. His incredible network of people allowed him to introduce me to many potential buyers and to find the perfect person to take over my well-established and reputable company. I couldn't be happier with Mike's service and attention to detail. He made the entire process much less stressful than it could have been and he helped me through every step of the way. I highly recommend Mike and would be happy to talk with anyone considering using his services.” “I understand
deals. As the past national president of the National Association
of Women
Business Owners, the owner of an internationally known business and a
business attorney, I’ve been involved in well over 1,000 transactions
in my career. With that background, you might wonder why my family and
I have retained Michael Sipe and Private Equities to advise and assist
us in 4 recent transactions: two acquisitions and two divestitures. Private
Equities has the ability to bring quality buyers and sellers to the
table.
Mike can get deals done quickly under optimum terms. He has a talent for
working a deal through the inevitable bumps and bringing it to closure
smoothly and amicably. One of the hidden benefits of Private Equities’
comprehensive services, but perhaps one of the most important, is
that
by turning the transaction process over to them to manage, I can focus
on running my business most effectively, with minimal distraction.
At
the end of the deal, my overall profit is higher, because I’ve been able
to maximize my business performance, as well as complete a successful
transaction quickly.”
"As a buyout
professional, I have worked with many intermediaries over the years. Our
group worked with Mike Sipe during the successful buyout of a company whose
seller Mike represented. My experience was that Mike brought just the right
amount of experience, business acumen, and sensitivity to the table. He
knows what is needed and when it is needed to get a deal done. When he
speaks, all parties respect his input and problems are overcome. We won't
hesitate to work with Mike again, and should we need someone to represent
our group, Mike will get the nod."
"Please accept this photo to commemorate a
very special day. To me the day reflects a new beginning as well as the
close of a major chapter in our lives. I think of all the hard work you
did and your consistent and faithful attitude to bring that day about.
As I look in the rear view mirror of this past year, it is clear that
God's hand was upon this transaction and the orchestration to its
completion. I am not only grateful to Him for allowing us to be at this
stage of our lives, but I am so pleased He brought you to us at a time
when we needed a top-notch professional and gained a friend in the
process. Once again Mike, Terri and I offer our deepest thanks and wish
you and your family God's richest blessings in the years to come."
"For a number of years, my office has processed
business sales for which Michael Sipe and Private Equities have acted as
intermediaries. We have found him unfailingly thorough, diligent,
knowledgeable and a pleasure to deal with on a personal level. He skillfully
and effectively represents his client's interest. He is positive and
creative in finding solutions for the inevitable problems which occur, often
unexpectedly, in business sales. I recommend Mike enthusiastically to any
prospective buyer or seller of a business."
"As a CPA, who has worked
with many clients on both mergers and acquisitions, I have met a number of
'business brokers' and I'm happy to report that Mike does not fall into that
category. Due to his professional, creative and tenacious approach to
completing each assignment, he has truly earned the title of 'mergers and
acquisitions specialist'. Mike is the only person in this field that I feel
comfortable referring to my clients."
"Whenever I am
considering a transaction, I bring in Mike. His ability to devise equitable,
workable solutions to deal problems which inevitably come up, lends great
momentum to the process. His transactional experience, professional ethics
and competence, and his common sense, make him an essential member of my M&A
team."
"I just wanted you to
know how much I appreciated your efforts regarding the recent sale of our
landscape business. I must admit that when you said in September 1998 that
you could sell the business by Christmas, a time of just three months, I
felt you were being a little optimistic! You not only brought us a full
price offer within a month, but a close of January 2 just to fit into our
tax plans!! To say we are impressed is an understatement! The
professionalism of your group and the resources you mustered on our behalf
helped make the whole process an example of why you are so successful in
your chosen field. I would have no hesitation in recommending your company
to my friends and associates should they wish to take an early retirement as
I have."
"I have worked with Michael Sipe and the team at
Private Equities on many business acquisitions and dispositions. Their
degree of professionalism and attention to detail is far above the level I
have experienced with other firms. I think the real key, however, is Mike's
ability to match compatible buyers and sellers and put together win-win
deals that make sense."
"Buying a business was a new experience for me. I knew
I needed someone I could trust and who knew the path to a successful
transition. I trusted Mike and I always felt that my interest was his
highest concern. During an extended negotiation in a difficult transaction,
Mike continued to remain objective and did not try to short circuit the
process. Mike provided the skills and experience necessary to close the
deal. Without his guidance and counsel, there is not a chance I would have
been able to complete this transaction!"
"I talked with many companies functioning as business
intermediaries and found Private Equities to be far and away the most
professional. No one else was in the same league. I worked with Michael Sipe
to find a business to buy and successfully completed a purchase in 1993.
Mike's help was invaluable in structuring the deal in a way that would work
for both parties. He artfully crafted the purchase documents to take care of
my concerns. In 1997, when I chose to sell, Mike came through with flying
colors finding a buyer and structuring a transaction that took great care of
me. When asked by other business owners for a recommendation in the M&A
field, Michael Sipe at Private Equities is the only name I give."
"Mike represented the seller in a $3,000,000 company I
bought a few years ago. Although the purchase was a financial stretch for
me, I have several times marveled at how Mike arrived at what has proven to
be a very appropriate price for the firm. Mike's grasp of the financial,
legal and procedural processes were impressive. Buying and selling companies
is both a logical and emotional process. Mike's level head and political
skills can bring focus on the former and ease the latter."
"Mike Sipe and Private Equities has provided me with
marketing services in settings of both purchasing and selling my business,
far beyond my right of expectation. I outlined my concerns and criteria for
consummating a deal. He then familiarized thoroughly and discreetly with the
business, structured an acceptable strategy and executed with amazing
proficiency. Mike has exceptional and extremely valuable skill in marketing
and negotiating the purchase and/or sale of a business. He has in-depth
knowledge of legal procedure and compliance, he is adept in appropriate
accounting practices, and above all, he is a master at facilitating the many
complex intricacies of the deal. After watching and working with Mike and
his highly professional team at Private Equities in both the purchase and
sale of my business, I am convinced there is no individual or organization,
existing, that could provide a more effective and professional service
value."
"As a merger and acquisition attorney, I know that in
order to properly serve clients a business intermediary must have a wide
variety of skills including knowledge of the accounting, legal, tax, deal
making, and psychological issues involved in a transaction. The intermediary
must be proactive, an excellent communicator and able to work well with his
client's lawyers and accountants. Mike excels in all these areas and I give
him the highest recommendation!"
"Even our initially
skeptical attorneys and accountants thought the package Mike prepared was
excellent and the structuring of the deal he worked out was very fair. The
entire transaction was such a smooth and pleasurable experience that we look
forward to the opportunity to work with him again in the future."
"I will remain obligated
to Mike Sipe forever for his assistance in selling my company. It took time
and perseverance and Mike never wavered. He brought ideas to the table that
made me money I did not expect. I will definitely use him again!"
"In my regular work in
mergers and acquisitions, I have too frequently found the standard 'business
broker' to be an impediment rather than a facilitator. Michael Sipe is a
singular and outstanding exception. I would recommend him to anyone needing
professional assistance in the mergers and acquisitions area."
"After spending close to
one half year searching to purchase a service oriented business I was
introduced to Michael Sipe by a mutual acquaintance. Mike spent our first
meeting clarifying my thinking to define and determine a course for our
acquisition. The presentation of a clear detailed professional business
prospectus was the foundation for the purchase of a three million dollar a
year service company. I was extremely impressed by the way Mike handled
every detail of the transaction up to and including the close. Both the
seller and myself still comment on what an outstanding job Mike did on both
our behaves. I cannot emphasize enough the importance of the role the people
of Private Equities played."
"Having arranged financing on numerous business acquisitions over the past several years, I have had the opportunity to work with Michael Sipe and Private Equities on a number of transactions. As an intermediary, Mike is undeniably among the elite in his field. Private Equities' marketing packages are detailed, meticulously prepared and well presented, with an emphasis on confidentiality and ethics. Buyers and Sellers are carefully matched to optimize success. Furthermore, Mike possesses an innate ability to interface effectively with all parties involved in a transaction, including buyer and seller and their respective attorneys, CPAs, bankers, vendors, creditors, landlords, boards of directors, insurance agents, etc. His capacity to communicate clearly and to skillfully coordinate the process helps to facilitate a smooth close to each transaction.
Ray M. Crabb,
"Ours was a small school
textbook publishing company with sales at the low end of the range Private
Equities normally works with. Nevertheless, Mike Sipe gave us full and
professional support that led to a quick and satisfactory conclusion. Mike
was especially strong, first at putting together an imaginative deal that
worked for us, and then at negotiating energetically, positively, and
successfully with the buyers."
"I believe that
integrity, know-how and care are three critical elements in evaluating a
professional services provider. My personal experience with Michael Sipe on
two separate transactions, one buy-side and one sell-side, have convinced me
that these qualities are well represented at Private Equities."
"Selling the business I
founded and nurtured for five years was an experience I anticipated with
concern, apprehension and mixed emotion. Being the quintessential
professional he is, Mike Sipe and Private Equities made the process "a walk
in the park"! I recommend him without reservation."
"Selling a business which
I had built from the ground up was a daunting task. Mike Sipe was no
nonsense, very inquisitive and created excellent marketing materials. The
result was a qualified buyer immediately."
"Michael Sipe is a true
professional with a unique ability to understand the issues and provide
objective and reasonable solutions which result in resolution and closing
with both sides feeling they were not the loser."
"Many
of my clients are entrepreneurs who operate in very competitive
environments. For these entrepreneurs, their company is often the most
significant portion of their personal and family net worth. As such, the
sale of their business interest is incredibly significant. Discretion and
confidentiality are imperative. At times, these transactions can be complex
and optimizing the after tax net return to the business owner is critical.
The outstanding team at Private Equities' understands these issues and has
worked diligently to optimize their results and has proven themselves time
and again. Further, they have worked well with all of the client advisory
team to optimize results. I recommend Private Equities as a mergers and
acquisitions specialist without reservation."
"Michael Sipe and Private
Equities bring total clarity to the murky field of private company buying
and selling. Working with Mike gave me the confidence that any deal I did
would be fair and had the highest probability of success, and I was right. I
believe Mike when he says he will not put any deal together that can't be
successful for all parties involved. Mike knows how to get to the heart of
the issues involved and is extremely effective at pushing when he needs to
and backing off when appropriate; all the while keeping both the buyer's and
seller's goals in mind. He is a true professional and I look forward to
working with him again."
"Private Equities came
highly recommended. Our expectations were high. Mike Sipe's performance
exceeded those expectations. Buyers were pre-qualified before we met them.
Our daily routine was continued while Mike took care of the sale. His
negotiating skills, attention to detail and a great set of contract
documents allowed us to glide through potential problem areas. There are
people in the business of buying and selling and there are people who know
the business. Mike knows the business."
"Mike worked with me on
the purchase of my first company in late 1997. I did not know exactly what
kind of company I wanted to own. Mike took the time to work with me, assess
my needs and give careful consideration to my financial constraints. I
bought a company within four months of our initial contact. His reasoning
skills, connections, and ability to prepare documentation are all very
impressive. He can skillfully work with both buyer and seller in a
transaction. I will use him again in my next transaction."
"I believe this letter is
in order to commend you for the outstanding job of selling my company,
Applied Anodize. I only wish I had met you a couple of years sooner so the
company could have possibly been sold at a higher price with higher sales in
a better local economy, however, you did an excellent job of getting the
closing price under the present economic conditions. I will always recommend
your services to anyone whom I hear that wants to sell or buy a business,
because you're good at what you do."
"I wanted to send this
letter to you to thank you for the terrific job you did brokering the sale
of my business in San Jose. As you know, I was somewhat reluctant to even
proceed with the sale at first, not only because I didn't want to let go of
a company I had struggled for so long to build, but because of my concern
over the amount of effort that I thought I would need to invest in the
selling process. You, however, made that process "painless" to say the
least. Before I knew it you had lined up three highly qualified interested
parties and the process had simply become one of picking the right buyer. It
couldn't have been made any easier. You were honest, professional and you
got the job done in an amazingly short time for more money than I had
bargained for. I most definitely will recommend you and your company to
others."
"As a business buyer, the
task of finding a suitable company, determining a fair price, and actually
closing the deal was very daunting to me. Michael Sipe not only excelled at
these things, but also helped me find a CPA, an attorney and a bank suited
to my commercial needs. Mike took the time to really understand the skills I
possessed and the kinds of businesses that would be interesting to me. He
also assessed the compatibility of my personality with that of the sellers
to ensure that the negotiations and transition would be as smooth as
possible. Having access to his experience, business acumen and candor made
me a lot more comfortable with the deal process, and he continues to be a
resource to me after closing. Throughout the process, he earned my absolute
trust and respect. I would highly recommend him to any potential buyers."
"I have worked with
Michael Sipe and Private Equities on a number of projects. I have always
admired his incredible focus and the smart and thorough attention he gives
to client detail. He never compromises when representing buyers and sellers.
Above all else, I am impressed with his ethical perspective in every
transaction and the commitment he makes to protecting client confidentiality
and anonymity. I highly recommend Michael Sipe and Private Equities to
anyone seeking to buy or sell a middle market company."
"After taking a long
sabbatical and doing a lot of fishing, I felt it was time for me to let you
know how much we appreciate your effort in selling our manufacturing
company. We were impressed with the entire process. Your pre-screening of
buyers definitely saved us time and minimized any impact upon our
operations. The contract and due diligence period went very smoothly. You
made sure you had the right information and were able to fully explain both
the company's operation and financial statements to the buyer. Your approach
made it easy for us. The result was we sold the company to the third
potential buyer who inspected our facilities. Thanks to your comprehensive
analysis of our company, your suggested asking price was definitely higher
than we had anticipated. Better yet, the final selling price was within 1%
of the asking price. There is no doubt in my mind the sale of our business
was professionally handled throughout the entire process and we are very
grateful for your help."
"I do want to thank you
for all the time and work you put into selling REO Company. I knew after I
had done my extensive research on business intermediaries that I had chosen
the right person, the best person, the coolest person. Your calm,
business-like demeanor was needed to make this sale possible, especially
with a volatile buyer and seller. Should I ever want to buy or sell a
business again, or should I have the opportunity to recommend an
intermediary, you can be sure that I will suggest you. Gail and I send our
best regards."
"I wanted to let you know
how much I have enjoyed working with Private Equities in regards to finding
a business to buy. I am amazed that, in such a relatively short period of
time, I am the owner of a new and exciting business with a tremendous amount
of potential. When we first met, I was somewhat unsure about the type of
business I was looking for. My previous expertise had been in the
transportation and recycling industries. Unfortunately, after twelve years
of doing that type of work, I was burned out and simply did not want to
pursue companies in that arena. The truth is, I was somewhat uncomfortable
looking at businesses I knew nothing about. However, working with you and
your company exposed me to a wide range of opportunities which I had never
considered before. While evaluating the pros and cons of each company, your
guidance made me realize that I did have the ability to transfer my
expertise to a different industry. You told me that this business search
would take me in a new direction. I never would have guessed that I would be
building wine storage cabinets and air conditioning units for wine cellars.
This business has offered me an exciting new challenge with tremendous
opportunity. I don't believe I would have been exposed to this business
without working with a knowledgeable professional like you. You were
instrumental in helping my team focus in on the company and negotiate a very
fair and equitable deal which has left both parties with the feeling that
the deal was handled to everyone's satisfaction. Thank you for making my
business search an educational and rewarding experience."
"I have an immense amount of gratitude for having been introduced to you and your company, and for the privilege of your guidance in one of the most important transactions of our lives. There were obvious challenges in marketing and selling our business, as well as our need to secure the "right buyer" who would fit in with the same unique philosophy and personality of our business. You and your staff helped us meet those challenges with graceful efficiency. You really listened to our needs, explained the process, helped us tell our story in the best way possible, and guided us gently every step of the way. Using your vast experience, you acted as a true partner, consulting with us in a very dynamic and strategic way, which proved to be the right move every time we listened. And in spite of the normal fear that goes along with this process, your calm reassuring guidance put all of us at ease because we knew we were working with someone who knew how to navigate these waters and who truly cared. It has been refreshing to
work with such a talented and professional group of people. Many thanks to
you, Mike Robison and Vicki (Johnson) for your unending devotion and
support."
"Thank you very much for
all your hard work and effort on our behalf - and heaven knows it wasn't
easy! Wow, it's hard to believe it actually happened. I couldn't wait for
Alex to go wine shopping for you (even though he wanted to) so I've gone to
raid our modest cellar to share with you some "fun" wines we enjoy
frequently. One for every month of your time with us. Thank you and your
family for sharing your precious time on this earth with us! We have
appreciated you immensely! Anytime, anywhere use us as a referral."
"We gave the Private
Equities team a very tough assignment. Based on a specific purchase
criteria and business model, we needed to find a profitable business in a
down economic cycle, applying a creative financing approach that included
significant seller participation. Private Equities found the right company
for us and was also able to design a change to the deal structure at the
eleventh hour to match available financing, and bring the transaction to a
positive close for all parties."
"Our deal closed several
weeks ago now and we want to express our appreciation for the manner of your
representation. When Pat and I first met you, I had some concern that your
approach might be too easy and laid back to achieve the results we sought.
We read some of your testimonials to get others impressions, not really
believing that I would be writing to commend you several months later. Well
I am and our recommendations of you and your services for anyone
contemplating a sale of their business is without any hesitation or
reserve. Your frankness, persistence, hard work and diligence paid off for
my client. I respect your knowledge and abilities dealing with people. I
commend you on your devotion to the cause. Your marketing methods are
excellent, professional and put forth a presentation of the Company that
generated interest from qualified potential buyers. I am confident that had
we selected any of the other brokers we interviewed, the results achieved
would not have been as successful and I am not confident we would have made
a deal. You have our thanks and backing for the asking, because you proved
yourself by results. We miss the daily emails and communication that became
part of the process as you led us through the negotiation maze. You are a
good person, a professional and competent businessman, a pleasure to work
with, and we are thankful our paths came together for the benefit of my
client and the successful attainment of our goal. Thank you."
"I have worked with over a dozen business brokers
in the Bay Area over the past three years. Not
only do all of these brokers know Michael Sipe,
but all of them hold him in the highest regard. To
my knowledge Mike is the most respected business
broker in the Bay Area, which is why I've
purchased two companies through him...so far."
"Private Equities helped achieve my objective of
making a major career change and become a
successful, independent business owner. The
process that Michael Sipe and Jak Van Nada used to
profile my interests, skills and investment/risk
capacity was an outstanding start to the effort.
When they did present deal opportunities to me,
they fit me well. When we finally decided to go
forward with the deal that became my company, they
were thorough, fair to both parties, helpful in
getting through various bumps in the road, and
able to keep things in perspective. I am a
marketing and operating guy, as were the sellers.
Neither side was experienced doing deals. Thanks
to Private Equities, a deal that worked for both
buyer and seller was identified, negotiated and
closed-their deal making skills make them great at
what they do."
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2033 Gateway Place, Suite 600 San Jose, CA 95110 408.295.4299 Copyright © Private Equities. All rights reserved. |
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