Case Histories

Enterprise Coated Products

Manteno, Illinois

Patience Leads to Sale of Business Paving way for Owners’ Retirement

Situation

A paper coating company based in Manteno, Illinois engaged Hyper Group after prior efforts to sell the business – led by three owner-operators – failed to result in a transaction.

Actions

Hyper Group developed an offering memorandum for the sale of the Company highlighting its products, customers, personnel, plant and equipment, and financial results. This offering memorandum was the backbone of our marketing campaign to the industry as well as our own database of strategic buyers.

Results

Within three months of launch Hyper Group’s process quickly resulted in multiple offers and the execution of a purchase agreement. Even as geopolitical and global economic challenges threatened to compromise the closing of the sale, Hyper Group professionals helped the business navigate an extension and eventual closing of the sale at the original offer price. Result highlights included: 

  • NDA’s signed by interested parties: over 25
  • Number of competing offers:  2
  • Sale Price: more than 2x liquidation value

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