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| "There's a lot of emotion and passion involved in the sale of a business; and they respected that." Denny Lorah wasn't looking for a buyer for his business when an interesting offer was presented to him. Denny had started the large electrical services business as a one-man operation in his garage in 1987. With guidance from his accounting firm, now part of RKL, Denny's Electric had prospered over the years. This offer was the impetus for Denny to consider an exit strategy and the future of his business. He turned to the Business Valuation team at RKL for assistance in evaluating the offer and ultimately, in negotiating the transaction. Working with his attorney, our professionals determined a value for the company, advised him on how to structure the business and assets for sale, and examined the tax ramifications. Denny was impressed with how aggressively we pursued his interests during the delicate negotiation stage. Our team always kept his personal goals for the business in sight and respected what was important to him. That made a lasting impression. He says, “Their friendly, yet aggressive approach gave me a new respect for the personalities on the RKL team.” Dennis H. Lorah President Denny's Electric Service, Inc. |
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