- Category: Deal Announcements
- Created: Monday, 31 October 2016 16:04
- Written by Craig Castelli
October 31, 2016
For Immediate Release
Caber Hill Advisors announced today that it assisted in the sale of two audiology practices in September 2016. At the request of the parties involved, specific terms of the deals will not be disclosed.
The first transaction involved a sale to another local practice. The seller was singularly focused on identifying another audiologist to whom the practice could transition seamlessly, and Caber Hill employed a covert and proprietary marketing process to target specific buyers meeting the seller's criteria, ultimately identifying another practice in the area that shared the seller's vision for the continuity of care in the practice.
The second transaction involved the sale of a multi-office practice to a strategic buyer. Caber Hill utilized a hyper-targeted marketing process focused on a small group of buyers believed to be capable of meeting the seller's expectations, with the goal of generating multiple offers at the premium end of the price range. We quickly received three offers. The seller ultimately chose the buyer with the second highest price but the best combination of an attractive price, favorable deal terms, and a quick close, and still received a price that exceeded her initial pricing expectations by 20%.
These closings marked Caber Hill's sixth and seventh closed transactions of 2016; four of the seven involved audiology practices. Craig Castelli led both deals for Caber Hill.
About Caber Hill Advisors
Caber Hill Advisors is committed to working with business owners and CEO's to successfully fulfill their personal and professional legacies. We serve small and middle market companies, in very specific verticals, who want to either sell a business or make an acquisition.