TAKING A BUSINESS-OWNER FOCUSED APPROACH TO SMALL BUSINESS ACQUISITIONS
Our Process
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We’ll work with you to determine how to best transition ownership. Our process ensures that we’re the best option for the future of your business, employees and customers.
HOW DOES A BUSINESS ACQUISITION WORK?
Due North Family Enterprises confidently guides business owners through the complexities of a successful transfer of ownership with a six-step process. From our first call to the final closing, we will guide you through the process and let our actions show you that you can trust us with the next chapter of the business you built.
Confidential Call
Discuss your interests around your transition or exit plans in the context of our acquisition criteria.
Agreement
Both parties see a potential fit and agree to move forward with more in-depth discussions regarding the company’s financial and strategic position.
NDA
Signing this NDA ensures your business’ proprietary information remains private and enables us to begin determining your company’s valuation.
Letter of Intent (LOI)
Agree on a proposed valuation of your business and negotiate exclusively towards a final sale; we’ll share a list of items to be reviewed in the due diligence process.
Due Diligence
Once under LOI, we will perform an efficient vetting of your business, products / services, operations, customer base, assets, and liabilities, etc.
Closing
Finalize the purchase agreement, working capital requirements, and the transition / training timeline (if needed).
Ready to start the process?
We are always excited to talk to entrepreneurs about what makes their company great. If you want to share with us the company you represent, just send us a note and we’ll be in touch.