Transaction · Family business
Guiding a third-generation business through its first sale
After ninety years in one family, Aldine & Sons was ready to sell. We advised the family through a process that protected both the price and the people.
Client
Aldine & Sons
Industry
Manufacturing
Duration
9 months
Year
2023
Final price versus first offer
From mandate to close
Of employees retained
The story
The challenge
Three branches of the family owned the business, and each had different hopes for the sale. An unsolicited offer had arrived, and there was pressure to accept it quickly.
Our approach
We first aligned the family on what a good outcome looked like, beyond price. We then prepared the business for scrutiny, built a focused list of buyers and ran a competitive process.
Throughout, we kept employees and long-standing customers at the centre of every conversation.
The outcome
The business sold for 2.1 times the original offer to a buyer committed to keeping the brand and every member of the team.
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