VALUATION

“We interviewed two national valuation firms before we selected LockeBridge for our 409A valuation.  The other two companies did not understand our operations and used a  generic spreadsheet model to determine our value without consideration of the specific opportunities in front of Eddi, Inc. On the other hand, LockeBridge’s valuation was highly credible and considered the strengths, weaknesses, opportunities and threats specific to our Company.  Additionally, LockeBridge provided us with valuable financial and tax advice, utilizing their in-house resources,  for which we would otherwise would have had to engage an expensive  third-party consultant.

Ms. Farhaneh Ahmadi
President – Eddii, Inc.

VALUATION, STRATEGIC & SELL-SIDE ADVISORY

“We spoke to some very prestigious investment banking firms before engaging with LockeBridge. Prior to the role-up the three companies were valued individually at a total of $13M. Mr. Waxler proposed the role-up explaining that the synergies where substantial and as a result would achieve a valuation, in his opinion, of over $20M. We were all skeptical but in the end we obtained a price exceeding the $20M estimate. Mr. Waxler told us that he could never guarantee to sell any company but he would guarantee to get us in front of the best strategic and financial buyers in the world, and he did exactly that plus some.”

Mr. Matthew Nekoroski
President & CEO – RF Medical Devices, Inc.

SELL-SIDE ADVISORY

“We first met with Mr. Waxler in October of 2004. We had been approached directly by a company that presented us with an offer to purchase 70% of our Company. Within 6 months after our meeting, Mr. Waxler had brought us 7 offers from both strategic corporations and private equity groups which ultimately resulted in a sale that was approximately 50% higher than our prior efforts had yielded.”

Mr. John Filion
President – Wallboard Supply Co., Inc.

SELL-SIDE ADVISORY

“During the height of the credit crunch and one of the worst economies in a century, LockeBridge was able to successfully orchestrate a complex transaction while at the same time securing an exceptional value for the shareholders. The transaction was laden with financial challenges which could have only been overcome by highly skilled bankers such as the advisors at LockeBridge.”

Mr. Paul Guerra
Lantec Products, Inc. Co-Founder

STRATEGIC & SELL-SIDE ADVISORY

“LockeBridge gained a clear understanding of our objectives which went well beyond the transaction itself. They gave us invaluable guidance on estate planning and wealth management. This was a part of the process we had given very little thought to but turned out to be a very important step in completing the deal and preserving our wealth.”

Mr. Joe Montesano
President & CEO – Something Sweet, Inc.

VALUATION & SELL-SIDE ADVISORY

“Fortunately, the thorough analysis LockeBridge performed found value others had overlooked and their ability to search out the right potential buyers resulted in securing multiple offers that were each substantially more than the valuation suggested by the other firms. From an enterprise value standpoint [the transaction] was an amazing achievement.”

Mr. Richard Beldner
Exec. V.P. & General Counsel – Kataman Metals

STRATEGIC & SELL-SIDE ADVISORY

“When seeking advisors to assist in the transaction, I rank trust every bit as high as transactional expertise.  Throughout my career, including my five years in the Israeli military, I have found it extremely difficult to find both trust and exceptional skill.  It is clear that the folks at LockeBridge are the exception.  Never did I question the teams intent to represent and protect my best interest.  Additionally, had it not been for the exceptional skill set of the LockeBridge team and willingness to go well beyond the scope of our engagement, closing this extremely complex transaction would have been improbable. They did whatever they needed to do, and they did it well.”

Mr. Uri Ben-Yashar
President & CEO – National Maintenance, Inc.

PURCHASER – COUNTERPARTY REFERRAL

“Closing deals in the middle market have their own unique challenges and are often fraught with emotions from both buyers and sellers. Knowing the players, vetting out the right buyer and navigating the ebb and flow of the deal through a host of trusted advisors can be grueling work. Getting a deal closed is no small feat and LockeBridge is uniquely capable of producing success in this arena. I would strongly encourage both buyers and sellers to engage with LockeBridge. A deal that doesn’t close isn’t a deal. These guys know how to get it done.”

Mr. Steve Lang
President & CEO – Dancker

STRATEGIC & SELL-SIDE ADVISORY

“We had asked LockeBridge to advise on structuring and negotiating an offer from a strategic buyer, which had expressed an interest in an acquisition. Only now do I really recognize that closing a transaction is a complex process involving substantially more than negotiating a good price. . Not only did LockeBridge structure a very favorable deal and manage all the steps to closing, they provided services far beyond the transactional requirements focusing on the personal interests, tax considerations, and wealth creation of the owners.”

Mr. David Clairborne
President & CEO – Winning Proposals, Inc.

SELL-SIDE ADVISORY

According to Mr. Jason Waldo, President of STI, “We are very fortunate to have identified a highly strategic buyer in the European market, such as ADDvise. We appreciate that closing a transaction with a foreign entity adds an additional layer of complexity to the closing process. Considering the foregoing, LockeBridge’s assistance in negotiating and structuring the deal terms as well as managing the diligence process all the way through closing was extremely valuable.”

Mr. Jason Waldo
President  – Surgical Tables, Inc.

STRATEGIC & SELL-SIDE ADVISORY

“LockeBridge went way beyond both my expectations and my understanding of what bankers actually do. Optimizing the well being of ICP shareholders by ensuring the deal was tax efficient, minimizing the risk of post-transaction clawbacks and advising on how to fulfill the unique needs of all stake holders were all critical issues required to consummate the transaction. Kudos to LockeBridge.”

Mr. Tom Huling
CEO – ICP Medical, Inc.

PURCHASER – COUNTERPARTY REFERRAL

The two Scott’s, Waxler and Hansen, were invaluable in the process. In fact, the deal could not have been closed without their much-appreciated consultation. In my experience, the seasoned expertise that LockeBridge brought to the transaction was quite atypical of bankers working at this transaction size, and even much larger deals.

Mr. Bryan da Frota
Principal – Broadtree Partners

STRATEGIC & SELL-SIDE ADVISORY

“We have a very unique business which presented significant hurdles to the transaction. LockeBridge was able to quickly understand our core operations and present the Company to some of the world’s best fit strategic buyers, which resulted in multiple offers and preferred deal terms. LockeBridge’s guidance went well beyond the sale of our business, maximizing the wealth of the shareholders as opposed to focusing solely on the transaction.  Quite frankly, based upon my prior transaction experience, I had believed that the level of advice provided to us by LockeBridge was only available at the major wire houses which have large deal teams managing transactions in the hundreds of millions or billions of dollars. LockeBridge proved this to be far from true.”

Mr. Joe Gilmore
CEO – UTEC Constructors Corporation

BUY-SIDE ADVISORY

We had been searching for a strategic acquisition, without success, for quite some time prior to engaging LockeBridge. LockeBridge focused on concisely identifying our specific criteria including such requirements as location, product mix, distribution channel and size. They brought us several opportunities and advised us throughout the process, from deal structuring, taxation and legal issues to financing and debt leverage. Equally as important, they gave their honest appraisal of each acquisition candidate without bias. While the LockeBridge transaction and vertical expertise is impressive, it was an unexpected pleasure to work a banker that put our needs first.”

Mr. Art Kielb
CEO & President -Toolmex Industrial Solutions