"You
worked long and hard to obtain an all-cash deal that provided
my brother, sister and I outstanding protection in the reps and
warranties area. I have been told that the price we received is
probably unmatched in my industry. Our deal took over 4 months
between the Letter of Intent and Closing. There were at least
five dealbreakers encountered during that time. In every one,
you were able to sustain our position and in a few we actually
improved our deal from our initial expectations. The determination
and force of your will that you applied to pressure the largest
international foodservice distributor to agree to your terms and
conditions was impressive." |
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Bob
Facciola, ex-president and CEO
Facciola Meat Company
Fremont, California
|
"I
would hate to have to negotiate against you." |
|
Ron
Janke, ex-President
Tradesman Tool Company and Castalloy Corporation
Waukesha, WI
|
"You
sure looked good on our side of the negotiating table." |
|
Mike Shain, ex-President
Leon Shain Company
Greenville, SC
|
"When
we first retained your firm, I was concerned about the financial
commitment required prior to closing. As the deal progressed,
your services were invaluable and you became the indispensable
leader of our team. It became apparent your skills and knowledge
warranted this type of compensation. I can't imagine you have
a peer in your field." |
|
Former
President
Distribution Company
Located on the Pacific Coast
|
"I
must say that I do not believe anyone other than George Spilka
and Associates could have kept us (the Shareholders) in harmony
and carried us through to the completion of the sale of Goff
Corporation. You addressed the needs of each of the owners
and had a keen understanding of our individual motives and
interests. I'm impressed that we established a selling price
on our company which reflected pride of ownership. We got
what we wanted! Your negotiating skills are enviable." |
|
A. Charles Prucha, ex-President
Goff Corporation
Seminole, OK
|
"I
wanted to acknowledge how impressed I am with your passionate
and sincere commitment to representing the Shareholders' interests.
In this age of "Wall Street" merger and acquisition
methodology, you have a refreshing approach that speaks volumes
to your integrity and professionalism." |
|
Current
President
Plumbing and PVF Distributor
Located in the Midwest
|
"I
have been asked by several people. "Was Spilka worth
the costs?" The answer is "worth every cent and
more." Your knowledge, professionalism and determination
truly make you one of a kind; you never lost sight of the
objective and stayed cool during the entire time from our
first phone call to closing." |
|
Bill Berebitsky, ex-president
Golden State Steel Company
Galt, CA
|
"George
Spilka & Associates proved to have elegant capabilities.
Your valuation of my Company was accurate. You conducted and
directed all negotiations and very competently interfaced
with lawyers and accountants. George Spilka & Associates
provided good advice and guidance even when proceeding on
a matter at my direction and contrary to your recommendation." |
|
Milton Freidman, ex-President
Emgio Products Corporation
Johnstown, PA
|
"Recent
events at Emglo brought you to mind. The sale of Emglo by
the Swiss company that you sold the company to was handled
by a major international bank's investment banking department.
Their approach was certainly a learning experience for me.
It represented a contrast between your successful focused
approach and a slick ad-contained scenario. Emglo recently
sold for 20% less in spite of the fact we had grown the company
and acquired an additional operating company, since the initial
transaction that you handled. The recent company sale reminded
me that the product isn't everything. Emglo was bigger and
stronger than when you sold it, yet sold for less. The proper
choice of advisors is a critical factor." |
|
Jerry Fetter, President
Emglo Products Corporation
Johnstown, PA
|
"Although
the sale took longer than expected, it gave me an opportunity
to witness your tenacity in completing the transaction at
the original valuation price you set. The period of time spent
negotiating reps, warranties and indemnifications was essential
to assure my protection against post-closing issues. Only
later did I find out how important those guarantees were.
Even after the final closing and payment of your transaction
fee, you provided many hours of advice on post-closing issues
free of charge. My sincere thanks for a job well done." |
|
Norman J. Freund, ex-President
Automotive Safety Inc.
Elizabeth, NJ
|
"It
was exciting when I found out that you not only wanted to
know my business, but you wanted to get to know me and my
needs, so that the potential sale could be coordinated to
meet my family's goals. You arrived at a recommended sale
price 16% above what I thought the company was worth. I am
happy to say that you not only justified this price to the
potential purchasers, but you were able to convince them to
pay a premium for my company. You seem to have the unusual
ability to evaluate the problem, motivate the participants
and solve the highly complicated matters that were always
coming up with the acquisition." |
|
Ray Debenham, ex-CEO
Debenham Electric Supply Company
Anchorage, AK
|
"We
have purchased and sold approximately eight companies over
the years and each time we have used an intermediary. Never
have we worked with someone who brings to this process your
level of discipline and dedication to know everything there
is to know about the Company, its industry, etc."
|
|
Michael J. Feldman, Exec.
Vice President
Underhill Resources, Inc.
New York, NY
|
"I
had my doubts that you, or anyone else for that matter, could
accomplish our objectives, but I did not reckon with the "Bull
Dog Drummond" aspect of your being. You simply do not give
up! Tenacious you are as you sally forth without trepidation
or hesitation toward your one goal. You succeeded for us overcoming
all obstacles and personalities. I am pleased by the results
and infinitely glad we chose you."
|
|
Emri L. Stidham Jr., ex-President
Creative Manufacturers, Inc.
Memphis, TN
|
"From
the beginning to the end of the process, your strong personality
and the force of your will kept the process moving and on
focus. The selling price exceeded my expectations and you
obtained an all-cash deal. Substantial protection was obtained
for our key employees from any post-closing changes the buyer
might want to make." |
|
Peter Giles, Former Owner
Selig Sealing Products Inc.
Forrest, Illinois
|
"We
were surprised at the number and variety of interested suitors
that you produced." |
|
Daniel P.
Doyle, ex-President
Brakewell Steel Fabricators, Inc.
Chester, NY
|
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