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The
Purdy Group was founded
in 1991, by Richard L.
Purdy. During those
early years we focused
on manufacturing
companies since our
roots where formed
there. Our background
stretched over 30 years
in founding, growing and
selling manufacturing
companies.
Today
we spend the majority of
our time as Business
Intermediaries (Merger
and Acquisition)
specialists. We have
grown over the last 13
years and now work with
manufacturing,
distributing and many
types of service
companies. We offer a
broad range of services
including: Business
Valuations, Machinery
& Equipment
Appraisal, Business
Brokerage and Targeted
Acquisition Searches for
industry and private
equity buyers.
The
Purdy Group is an active
member of the IBBA
(International Business
Brokers Association), IBA (Institute of
Business Appraisers),
NEBBI (National
Equipment and Business
Brokers Institute),
CVBBA
(Carolinas-Virginia
Business Brokers
Association) and
the New York Association
of Business Brokers. We
network with other
business intermediaries
here in the US and
several other countries.
We
offer a full range of
services:
- Business
Valuations
- Consultations
- Targeted
Acquisition Searches
- Machinery
& Equipment
Appraisal
- Negotiation
Assistance
- Market
Packages for Seller
Clients
- Seller/Buyer
Screening
Our
Mission
As
professional Business
Intermediaries, our firm
is committed to be the
paradigm of what our
clients have a right to
expect. The Purdy Group
will direct our energy,
our experience, our
technology, and our
financial resources to
produce a quality
result. We are committed
to accomplish this in a
Competent, Competitive,
Confidential and
Courteous manner. Our
engagements are
performed on a fee paid
basis. A nominal
retainer is required for
most engagements.
Services
to Seller Clients
"
Our Seller client
engagements start with a
brief consultation with
the majority
shareholder(s). During
this meeting we attempt
to gather preliminary
information about the
company and its
operations. We will then
provide the client with
an outline plan that
covers the general scope
of our efforts. We will
advise the cost to
accomplish the task, the
time it will require,
the extent of the
client's participation,
and the result we expect
to achieve. Typically
this proposal includes
three major elements;
- Market
Valuation;
The Purdy
Group will
provide
the client
with a
complete
report on
the
present
market
value of
the
enterprise.
Factors
involved
include;
detailing
the
history,
growth
rate,
management,
competition,
profits,
potential,
assets,
patents,
good will
and many
others.
This gives
the Client
a view of
where they
fit
amongst
similar
firms in
the
industry
and how
they will
be valued.
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- Marketing
Plan;
We will
develop
and
promote
the sale
of the
business
consistent
with the
wishes of
our
client. We
arrange
buyer
screenings,
plant
visits by
prospective
buyers at
times
convenient
to the
client;
facilitate
negotiations,
all while
maintaining
confidentiality.
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- Professional
Team
Interface;
We will
work with
our
client's
team of
advisors.
If
requested
by the
client, we
will refer
an
Attorney
and or
Accounting
firms
experienced
with such
transactions.
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Services
for Buyer Clients
Our
Buyer clients retain
The Purdy Group to
perform Targeted
Acquisition Searches.
We meet with the
client initially to
develop the parameters
of the search. The
client usually has
very specific criteria
and together we
discuss and refine the
description and
specifications of the
acquisition candidate.
Frequently our client
defines several
critical elements such
as geography, sales
volume, or market
niche that must be
met. Considering this
information we will
respond with a fee
proposal for the
search and a fee
schedule for any
resulting transaction.
Once
our search is
underway, there is
constant communication
with the client. We
bring forth various
prospects for
discussions usually at
the prospect's
facilities. Because of
our unique techniques
and approach to the
search process, The
Purdy Group has had a
very high success rate
in this type of work.
We view the buyer
client as a very
desirable client
because we place a
high value on
repetitive activity.
We
are a small, energetic
group with significant
business experience.
Our knowledge was
forged in the
manufacturing sector
but today we handle
distribution and
service businesses as
well. Our results are
tailored to our
clients, timely, and
cost efficient.
We
network with our
colleagues and fellow
professionals for
ideas, sources and
services. We utilize
trade associations and
many industry contacts
when needed.
There
is constant
communication amongst
The Purdy Group staff,
and between our client
and their team. Our
success is not the
result of magic but
rather, the result of
good hard work, common
sense and PERSISTENCE!
A
Closing Message from
Richard L. Purdy, CBI,
CMEA, SBA
We
hope this information
about our group is
enlightening. Take a
minute or two to sign
our Guest Book. The
Purdy Group would like
to be part of the
reason you achieve
success in the near
future. We emphasized
four "C's"
as part of our
mission. We would like
to add a fifth;
CHALLENGE
US!
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