Uncategorized – Category Posts from The Forbes M+A Group. Research via our Knowledge Base and get access to M&A articles, news, and other info.

Then and Now – Ten Year Anniversary

Ten years ago …
– Apple introduced the iPod mini.
– Facebook went live.
– The season finale of the sitcom Friends aired.
– Google went public with the biggest IPO since the technology bust.
– Cingular Wireless acquired AT&T Wireless Services Inc. for $41 billion, thereby becoming the largest wireless carrier, with 46 million customers and coverage in 49 states and 97 of the top 100 markets.

And … The Forbes M+A Group opened its doors to provide senior-level advice to exceptional lower and middle market businesses.

What began as a one-man operation has grown to become one of the most trusted and sought-after M&A advisory firms in the region. Over the years, Forbes M+A has attracted the talents of senior-level executives and serial entrepreneurs with direct experience buying, selling or raising capital for businesses. This valuable, first-hand experienced is why Forbes M+A is now the top choice for buyers and selling looking for a partner in achieving their business goals.

Thanks to our clients and our team, The Forbes M+A Group has beaten the odds to become a thriving, growing firm. For the last decade, Forbes M&A has helped clients maximize the value of every single transaction and we are looking forward to many, many more years of success together.

The Forbes M+A Group Represents Industrial Distributor in Sale to Private Investors

Greenwood Village, CO, United States (December 16, 2014) – The Forbes M+A Group is pleased to announce the successful acquisition of its client, a prominent distributor of industrial products for the Rocky Mountain region, by a group of private investors. Forbes M+A served as the exclusive financial advisor to the seller.

The seller is a well-known distributor of high-end products used in the manufacturing of industrial products. With a strong reputation for providing knowledgeable product advice in addition to high quality products, the company generated interest from multiple investors. Tom Schmidt, managing director for Forbes M+A and one of the lead advisors on the sell-side of the transaction, said “Founded in 1955, our client had a rich history of selling high-end products to manufacturers. Manufacturers across the region valued their opinions. Buyers that cared about quality, chose to purchase their products.”

Bob Forbes, President of The Forbes M+A Group, stated “This industrial distributor had high quality owners and a great customer-centric culture. We were pleased to help position the company in a way that attracted a selection of potential buyers, which then allowed the executive team to find investors with a similar customer focus.”

Terms of the transaction were not disclosed.


The Forbes M+A Group Advises EKS&H on Buy Side of Infolink Consulting Acquisition

Greenwood Village, CO  – The Forbes M+A Group, a leading financial and transaction advisor, announced that EKS&H has successfully acquired Infolink Consulting. Forbes M+A senior advisors, Adams Price and Bob Forbes, served as the exclusive transaction advisors to EKS&H. “EKS&H has a stellar reputation in the marketplace and a clear vision for enhancing its service offerings,” said Adams Price, Managing Director at Forbes M+A. “We are very pleased to have helped the organization achieve this important strategic objective and enhance its already extensive, high-quality consulting solutions.”

As a client of Forbes M+A, EKS&H was looking for highly experienced advisors with extensive knowledge of both the consulting services industry and the business technology market. “When it came time to add to our business intelligence and data integration service offerings, we knew finding the right opportunity would require a strategic and exhaustive search. Fortunately, we had Forbes M+A on our side,” said Bob Hottman, CEO of EKS&H. “Working with two very experienced dealmakers brought tremendous thought leadership to the process. Bob and Adams worked closely with our partners to first clarify the objectives and define the criteria for the acquisition. Forbes M+A then engaged the market for suitable candidates, and helped us carefully evaluate each potential company. The end result was an acquisition that is the absolute right match for our company and our clients.”

EKS&H is a Colorado-based public accounting firm providing audit, tax and consulting services to clients. With the acquisition of Infolink, EKS&H will offer clients an expanded suite of services including business intelligence, performance management, data integration and software training. These solutions will complement the existing offerings of EKS&H’s Business Technology Services Group.

“Working with EKS&H to develop an acquisition strategy and then conduct a far-reaching search to locate the right company was extremely rewarding,” said Bob Forbes, President of The Forbes M+A Group. “EKS&H has a leading market position, high growth, strong culture and high integrity. These characteristics make it a desirable organization to join, which contributed to our ability to attract, and ultimately complete the acquisition of an esteemed organization like Infolink Consulting. We could not be more pleased with the result.”

About The Forbes M+A Group

Forbes M+A is a leading transaction advisor to private companies. The firm represents and assists owners during the process of selling their businesses, merging or partnering with other companies, or growing through acquisition. The firm also provides valuation and strategic planning services, and can facilitate the raising of debt or equity capital. For more information, call 303-256-6768 or go to www.ForbesMA.com.

The Forbes M+A Group Named ‘M&A Intermediary Advisory Firm of the Year in Colorado’

Greenwood Village, CO (January 28, 2014) – The Forbes M+A Group , a leading transaction advisory firm, today announced it has been chosen as “M&A Intermediary Advisory Firm of the Year in Colorado” by Corporate INTL. The international award recognizes companies that have been particularly successful over the last twelve months and who have shown excellence in both expertise and service.

 “This award is truly an honor,” said Bob Forbes, President of The Forbes M+A Group. “Our team works extremely hard to make sure clients know they have a steadfast advocate on their side throughout the M&A process. They know we will exhaust every strategy, maintain the highest ethical standards, and deliver the very best deal possible. This dedication to service is why our company is consistently recognized as the top M&A firm in Colorado.”

Since 2005, Corporate INTL has been a leading monthly magazine and website for business leaders, professional advisers and providers of finance throughout the world. Nominations were solicited through Corporate INTL’s website and from its database of over 1 million people involved in advising, running or investing in businesses worldwide.  Researchers then developed a short list of potential winners.

“For this award, we carried out an extensive research process over the past 6 months,” said Emma Sweeney, Awards Manager for Corporate INTL. “We then asked a judging panel to make the final decision on the most appropriate firm.”

About The Forbes M+A Group

The Forbes M+A Group is a leading transaction advisor to private companies.  The firm represents and assists owners during the process of selling their businesses, merging or partnering with other companies, or growing through acquisition.  The firm also provides valuation and strategic planning services, and can facilitate the raising of debt or equity capital.  For more information, call (303) 770-6017 or visit https://forbesma.com/.

 # # #

Mr. Blair Withington Joins The Forbes M+A Group

Greenwood Village, CO (December 13, 2013) – The Forbes M+A Group, a leading financial and transaction advisory firm, today announced the addition of Blair Withington to its team of experienced, trusted advisors. With years of merger and acquisition experience in the financial services industry, Mr. Withington further deepens the knowledge base and experience of Forbes M+A.  

“Blair has a strong track-record of providing clients with excellent service and results,” said Bob Forbes, President and Founder of The Forbes M+A Group. “His thorough understanding of organizational structures and superb communication skills makes the transaction process much easier for our clients and gives them peace-of-mind knowing each deal is receiving personal, detailed attention. He is an incredible addition to the team.”  

 Prior to joining Forbes M+A, Mr. Withington handled business development at Cook M&A Advisory Services, a recognized leader in buy-side M&A transitions, and worked at private equity firm, Blackmore Partners.  Like the other Forbes M+A advisors, he also has direct experience with running a business. Mr. Withington was the Director of Operations for Zybek Athletic Products.

 “Business owners come to Forbes M+A because they know each advisor has the knowledge and commitment necessary to explore every opportunity and secure the very best deal possible,” said Blair Withington, Managing Associate at The Forbes M+A Group. “The company was founded to give clients a partner in the M&A transaction process and I’m looking forward to providing them with the high-quality service they deserve.”

 Mr. Withington holds a B.A. degree Kenyon College and is a graduate of the Dartmouth College, Tuck School of Business.  He grew up in New Zealand and is looking forward to enjoying all of Colorado’s beautiful outdoor activities.


The Forbes M+A Group Named “M&A Advisory Firm of the Year – Colorado” by Acquisition International

Best MA Firm AwardGreenwood Village, CO (November 18, 2013) – The Forbes M+A Group, a leading financial and transaction advisor firm, today announced it has been named the Best M&A Firm in Colorado by Acquisition International. The award was determined by a survey of more than 100,000 independent financial professionals and recognizes outstanding work performed over the last 12 months.

Sponsored by EthosData, Acquisition International’s 2013 Finance Awards are the only awards that celebrate achievement and innovation from an international perspective. These independent awards set the benchmark in the finance industry and are given solely on merit. Publication of the winners marked the culmination of a 6-month search for the best M&A teams in the world.

“We are very proud to be named the top M&A firm in Colorado by Acquisition International,said Bob Forbes, President of The Forbes M+A Group. “Providing senior-level, trusted advice to every business owner is what sets Forbes M+A apart, and it is extremely satisfying to know that our high transaction success rate is recognized by the financial community.”

Since 2010, Acquisition International Magazine’s annual awards have been celebrating excellence, innovation and performance across the business, legal, financial and investment communities. Award winners are determined through a rigorous process, which combines individual votes received with in-house research. This comprehensive selection process ensures that the awards are a true representation of the market and that winners are at the cutting edge of their fields.

The Forbes M+A Group is a Denver, Colorado-based transaction advisory firm with a core focus on company sales and acquisitions for lower and middle market businesses. Whether buying or selling a business, raising capital, positioning to maximize value or building a lasting legacy, advisors at Forbes M+A maintain the highest professional standards to give clients the very best deals possible.

About The Forbes M+A Group

Forbes M+A is a leading transaction advisor to private companies. The firm represents and assists owners during the process of selling their businesses, merging or partnering with other companies, or growing through acquisition. The firm also provides valuation and strategic planning services, and can facilitate the raising of debt or equity capital. For more information, call 303-770-6017 or go to www.ForbesMA.com.

# # #

The Forbes M+A Group Receives Open Mandate for Investment in Healthy Food/Beverage Companies

The Forbes M+A Group has received an open mandate from a large private equity firm interested in “brand owners and/or manufacturers of all-natural food, beverage, consumer products, especially those that are natural, organic, or allergy-free.” Target industries include:

  • Prepared and Preserved Foods
  • Organic Foods
  • Ethnic Foods
  • Natural/Organic Products
  • Natural Baked Goods
  • Grain Mill Products

Interested companies with revenue over $1 million in the United States or Canada who may be looking for additional capital are encouraged to contact Mr. Bill Nack at bill@forbesma.com or 720-785-4642.


The Forbes M+A Group Adds Business Entrepreneur, William Nack, to Its Senior-Level Team

The Forbes M+A Group today announced that Bill Nack has joined the company as a Managing Director. Mr. Nack will use his extensive years of in-the-trenches business experience to help owners with buy-side acquisitions or divestitures. Mr. Nack has opened the company’s first branch office in Boulder, Colorado.

Mr. Nack has been an entrepreneur and business owner for 18 years. He has successfully led the acquisition or divestiture of six businesses, including Books West, The Landscape Guild, Astralux Solar, Relaxation Products, and bLogistics, and helped manage the companies through transition to new ownership. Bill’s addition to The Forbes M+A Group senior level team deepens the company’s knowledge and experience within the manufacturing, renewable energy, distribution, logistics, web services and e-commerce industries.

“Bill’s direct buying and selling business experience helps him understand exactly what our clients are going through, which is absolutely necessary for securing successful transactions that meets their objectives,” said Bob Forbes, president and chief executive officer of The Forbes M+A Group. “Forbes M+A was founded to give business owners direct access to advisors who have experienced first-hand the ups and downs of building, buying or selling a business. As a successful entrepreneur, Bill can relate to our clients as peers because he has been in their shoes. His addition to the team reinforces the company’s reputation as a trusted partner.”

Prior to joining The Forbes M+A Group, Mr. Nack was general manager for Great Big Color, where he overhauled operations to increase cash flow and reduce operating costs. He has also held executive and partner level positions at BrightSun Solar, Astralux Solar, W. L. Nack Enterprises, Broadwing, LLC, Books West and bLogistics. He was responsible for growing Books West and bLogistics into multimillion-dollar companies, and facilitated the sale of business assets to a private equity firm. While at BrightSun Solar, he developed a growth strategy prior to acquisition that yielded a 91% sales increase and 26% fixed cost reduction in its first 6 months post-close.

“I have been closely involved in several deals facilitated by The Forbes M+A Group and saw for myself the tremendous benefit of having a trusted, experience advisor by your side during business transactions,” said Bill Nack, managing director at Forbes Mergers and Acquisitions. “The Forbes M+A Group approach adds depth and collaboration to every project in a way that other M&A firms can’t match. In my new position at Forbes M+A, I’m looking forward to being a part of this extremely talented team and helping other business owners complete successful transactions.”

Mr.Nack graduated with a B.S. in Geology from West Virginia University.


The Forbes M+A Group to Host “Three Successful Exits” Free Breakfast Panel

A Panel of Business Owners Will Provide Lessons Learned From Successfully Selling a Business; Event is Co-Sponsored by Eide Bailly, Kutak Rock LLP and Morgan Stanley Financial Advisors, Jon Greenfield and Shelley Ford

Experts predict a massive sell-off by baby boomer business owners; while at the same time, the economy is bouncing in and out of recovery. Anxiety levels are at an all-time high as business owners are looking for the best schedule and recipe for an exit. Timing is critical. In many cases, it’s the non-financial factors that make the difference between getting out with the perfect deal, being left with a suboptimum exit, or not getting out at all. A panel of business owners will share their stories over breakfast with those who want to learn how to successfully navigate this new market reality when selling a business or taking on a significant investor.

Topics to be discussed will include:

  • Protecting one’s legacy
  • Fair treatment of employees and management
  • What’s next for the selling business owners
  • What they might have done differently

The following three panelists and high-profile executives who have been through the selling process several times will candidly share their first-hand experiences:

  • Jim Freeman – Founder and former owner of Attain Technologies
  • Enrique Krajmalnik – Founder and former owner of Illumen
  • Lon Sears – Founder and former owner of FirstChoice Home Health

This free breakfast panel is taking place on Wednesday, May 15, 2013 from 7:30 a.m. to 9:00 a.m. at the JW Marriott Denver at Cherry Creek (150 Clayton Ln, Denver, CO 80206). Complimentary continental breakfast and valet parking included.

Seating is limited. Please RSVP to Sharleen at sharleen@forbesma.com by Monday, May 13, 2013.



Energy Central Sells TransmissionHub and GenerationHub to PennWell Corporation

Forbes Mergers & Acquisitions, a leading financial and transaction advisor, announced that Energy Central’s TransmissionHub and GenerationHub information services have been successfully acquired by PennWell Corporation. Forbes M&A senior advisors, Adams Price and Bob Forbes, served as the exclusive financial counsel to Energy Central for this transaction. “Energy Central has a strong reputation for providing reliable and trusted information to the global power industry,” said Adams Price, Managing Director at Forbes M&A. “When it came time to diversify some of the company’s assets, we were pleased to work closely with the management team to help facilitate a smooth selling process.”

Energy Central helps electric power professionals stay connected to happenings within the global power industry through a variety of information products including news, directories, events, databases, books, periodicals and reports. Two of the company’s products, TransmissionHub.com and GenerationHub.com, are interactive, online information services, which offer customers access to in-depth industry intelligence, up-to-date information and future insights.

As a client of Forbes M&A, Energy Central was looking for assistance from senior level transaction advisors with deep knowledge of the digital publishing space. “When it came time to sell TransmissionHub and GenerationHub, I knew we needed help navigating the complex transaction process. Fortunately, we found Forbes M&A,” said Steve Drazga, chief executive officer and owner of Energy Central. “Bob and Adams were instrumental in managing the entire selling process for us. With their assistance, we successfully closed a deal that was in the best interest of all parties.”

PennWell Corporation is a diversified global media and information company focused on helping business executives make informed decisions. The acquisition of TransmissionHub.com and GenerationHub.com adds new offerings to PennWell’s growing information and mapping business for the electric power industry.  “Based on our knowledge of the industry, we were able to help both parties understand that the synergies between PennWell and the two information services made this a smart business deal,” said Bob Forbes. “All Forbes M&A clients receive senior level expertise, which allows us to make the merger and acquisition process efficient and effective for great companies like Energy Central.”

About Energy Central

Energy Central is a 17-year old media, publishing and knowledge services company serving the global power industry. Throughout its history, Energy Central has created and delivered industry-defining products, focused primarily on the North American power industry. Those product lines include Energy Central, reaching global power industry professionals; EnergyBiz, focused on power industry executives; Intelligent Utility, reaching smart grid professionals; and Utility Analytics Institute, reaching power industry analytics professionals. The company, headquartered in Aurora, CO, has a strong presence on-line, including the above brands and its job board at EnergyCentralJobs.com. Energy Central also publishes EnergyBiz and Intelligent Utility magazines, and produces summits, forums and conferences for power industry professionals.

About PennWell Corporation
Founded in 1910 in Tulsa, Oklahoma, PennWell Corporation is a privately held and highly diversified business-to-business media and information company that provides quality content and integrated marketing solutions for the following industries: Oil and gas, electric power generation and delivery, hydropower, renewable energy, water and wastewater treatment, waste management, electronics, semiconductor manufacturing, optoelectronics, fiber-optics, aerospace and avionics, LEDs and lighting, fire and emergency services, public safety, and dental. PennWell publishes over 130 print and online magazines and newsletters, conducts 60 conferences and exhibitions on six continents, and has an extensive offering of books, maps, websites, research and database services. In addition to PennWell’s headquarters in Tulsa, Oklahoma, the company has major offices in Nashua, New Hampshire; London, England; Houston, Texas; San Diego and Mountain View, California; Fairlawn, New Jersey; Moscow, Russia; and Hong Kong, China.

About Forbes Mergers & Acquisitions

Forbes M&A is a leading transaction advisor to private companies.  The firm represents and assists owners during the process of selling their businesses, merging or partnering with other companies, or growing through acquisition.  The firm also provides valuation and strategic planning services, and can facilitate the raising of debt or equity capital.  For more information, call 303-256-6768 or go to www.ForbesMA.com.