ATLANTA, GA, January 15, 2015 – Atlanta-based investment banking firm De NES Partners, LLC is pleased to announce the recapitalization of its client Paragon Water Systems, Inc. (“Paragon”) by Triwater Holdings, LLC. Headquartered in Tampa, Florida, and led by George Lutich and David Swain, Paragon is a leading, global provider of water treatment solutions to… Read more »
Atlanta, GA, January 8, 2015 – Atlanta-based investment banking firm De NES Partners, LLC is pleased to announce the recapitalization of its client Top Rx, Inc. (“Top Rx”) by Flexpoint Ford, LLC. Established in 1987 by entrepreneur Kenny King, led successfully by Scott Franklin, President, and headquartered in suburban Memphis, TN, Top Rx is a… Read more »
ATLANTA, February 11, 2014 — Doug Hubert and Don Schaeffer, executives who were responsible for running the investment banking practice of CBIZ, Inc. (NYSE:CBZ) for the past decade, are pleased to announce the simultaneous formation of De NES Partners, LLC (http://www.deNESpartners.com), a boutique mergers & acquisitions advisory firm, and the purchase of the assets of… Read more »
How much is your business worth and what can you do to increase the value of what you have built? Even if you’re not planning on selling your business in the near future, there are several strategies that every business owner should employ to build a better company and create more value. As part of this effort, it is important to understand that overall value is typically determined both as a function of your earnings and financial position and the inherent strength of your business (off balance sheet items).
Business owners who negotiate a sale transaction without the assistance of a professional M&A advisor tend to focus heavily on purchase price negotiations in terms of a multiple of Earnings before Interest, Taxes, Depreciation, and Amortization (EBITDA) or revenue; however, there is an equally important negotiation that is often overlooked that can impact total transaction value by potentially millions of dollars: the working capital deliverable at closing.