A Comprehensive Guide

Steps You Need to Take Before Selling Your Elevator Company
by Andrew C. Glassman and Karen P. Wackerman
Elevator World

Pullman & Comley Business and Finance attorneys Andrew C. Glassman and Karen P. Wackerman co-authored an article featured in the December 2023 issue of Elevator World titled "A Comprehensive Guide," where they outline how to successfully sell a business in the current elevator industry market.

In this article, Andy and Karen cover how companies can prepare for private equity acquisition transactions, and what to expect as a transaction moves forward. "In recent years, we have seen significant consolidation in the elevator industry, and the purchasers are private equity groups or existing elevator companies that are protecting or expanding market share through strategic acquisitions," they write. "This provides significant opportunities for smaller, family-owned businesses looking to sell."

Navigating this process can be intimidating for those not familiar with the mergers and acquisitions landscape, which makes it critical to work with the right advisors to walk through the structuring and documentation of the transaction. 

To read the full article, please visit the Elevator World website.

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