Business Advice Andrew Holtgrewe Business Advice Andrew Holtgrewe

Competitive Market, Liquidating Event, & Maximum After-Tax Value

Competition drives value. Our goal is to create a sales process that produces multiple qualified & motivated buyers for every listing we accept.

While the owner’s goal during a business exit is often to maximize the amount of cash he or she receives at closing, it’s often not possible or not financially viable to receive all of the consideration at closing, creating the need to manage other consideration as part of the business sale.

While the liquidating event is certainly important, proper tax planning during the negotiation and construction of any Letters of Intent and Purchase Agreements is necessary to ensure that our clients maximize the amount they “take home” from any sale.

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Business Advice Andrew Holtgrewe Business Advice Andrew Holtgrewe

Adena's Process For Managing the Sale of Your Business

Unlike most intermediaries, Adena has a team of professionals with a wide range of experiences.

Adena's principals have owned and managed their own businesses and understand the challenges that face business owners. When Adena represents you, you benefit from the experience of our entire team. Here is the process we will utilize to sell your business.

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Business Advice Andrew Holtgrewe Business Advice Andrew Holtgrewe

Selling a Business Yourself? Not a A Good Idea

The independent business owner who decides to sell, is at the threshold of a major process involving emotions, as well as the marketplace.

In many cases, the business for sale represents the seller’s life work. Being the independent type to begin with, as well as someone who knows about deals and sales, the tempting notion sometimes arises: “Why don’t I handle the sale of my business myself?”

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Andrew Holtgrewe Andrew Holtgrewe

Press Release: Jones & Frank Announces the Acquisition of M.L. Leonard

M.L. Leonard is a full-service provider of petroleum equipment distribution, maintenance and installation services to customers across Virginia.

The combined capabilities of these two leading companies further strengthen Jones & Frank’s position in the petroleum equipment industry and enable Jones & Frank to better serve its customers’ fueling equipment needs in Virginia and the greater Mid-Atlantic market.

Adena Business Advisors, LLC served as the financial advisor in this acquisition.

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Press Release: Sale of C.R. Mullis Oil & Heating Co., Inc., to Great Lakes Petroleum

On February 15th, 2019, Adena Business Advisors, LLC, successfully completed the sale of substantially all of the assets of Looper Oil Company, Inc. to Great Lakes Petroleum.

Andrew R. Holtgrewe, CPA, CBI, was engaged as the exclusive sell-side advisor on the transaction and partnered with Nathan Hull, Managing Partner at Hull & Chandler, P.A., to close the transaction in just 14 days.

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Press Releases Andrew Holtgrewe Press Releases Andrew Holtgrewe

Press Release: Sale of Looper Oil Co., Inc. to Great Lakes Petroleum

On February 15th, 2019, Adena Business Advisors, LLC, successfully completed the sale of substantially all of the assets of Looper Oil Company, Inc. to Great Lakes Petroleum.

Established in 1938, Looper Oil specialized in the delivery of gasoline, heating oil, and high/low sulfur diesel to commercial and residential customers throughout the Greater Charlotte area.

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