Father & Son Duo Utilize BAMA in Buy-Side Acquisition

Charlotte’s a great place to do business. Did you know it’s the 3rd-fastest growing major city in the United States? It’s also:

  1. The largest city in North Carolina and #17 in the U.S.
  2. Ranked #5 in Best Places for Business and Careers by Forbes
  3. The 2nd-largest banking center behind Manhattan
  4. Home to the NASCAR Hall of Fame and the Charlotte Motor Speedway
  5. The site of America’s first gold rush in 1779, transforming it overnight into a booming metropolis

It’s also a great place to BUY a business. This year, Business Acquisition and Merger Associates (“BAMA”) assisted a father/son team in the acquisition of a unique, Charlotte-based distribution business. (At this time, both parties have asked that the name of the business remain confidential as they work through the transition.)

The buyer, a family office, reached out to BAMA seeking to leverage their experience in sales, marketing and operations management to acquire and grow a business. BAMA’s citywide search yielded 150+ qualified targets and 25+ conversations with interested sellers.

Ultimately, the buyer pursued a niche distributor of material handling supplies and the transaction was closed 90 days later. With high-integrity parties on both sides of the transaction, it was a smooth and positive process that created win-win solutions for buyer and seller.

Business Acquisition & Mergers Associates acted as advisor to the buyer by uncovering qualified, not-on-the-market targets, supporting negotiation of terms, and driving the diligence process and activities required to close. Financial terms of the transaction will not be disclosed.

If you're interested in joining TEAM BAMA, please submit a resume and cover letter telling us why you'd make a great addition to our pride.


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