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.