“After starting and growing my company for over 20 years, I was ready to start planning for my family’s long term financial security. I had looked at the various options that were available to me and decided that partnering with Paragon Ventures would provide me with the information needed to prepare and represent my company in a sale. I worked with one of their management team, Scott Fife, who assisted in preparing the company for the sale as well as explaining what the valuation would be in the marketplace.
With a focused sale process, Paragon Ventures was able to generate 5 solid offers for the company in only two weeks of launching it in the marketplace. A decision was made as to which buyer provided the best opportunity for the company, my employees and long term security for my family. The transaction was monitored by Paragon Ventures and the deal was completed. I would recommend using Paragon Ventures to any business owner who is thinking of selling their business and wants a professional management team to provide guidance through the process. “
Selling my business was one of the biggest decisions that I had to make for my family and my company. I wanted to make sure that my employees were taken care of if a transaction occurred and I also wanted to ensure that it would be in my best interest in the long run. I know that hundreds of firms have called me over the years, but I needed to make sure that I chose the best one for my situation.
I remembered talking to Scott Fife at Paragon Ventures and hearing about their 20+ years of experience in working with business owners in the home infusion marketplace. When I reached out to him to discuss what my partner and I wanted to do, I knew that he would be able to handle our situation because of Paragon Ventures’ previous experiences in selling businesses like mine. I knew they would be able to get the best deal for my employees, my partner and me.
Working with Scott was very easy as he followed a process that they have used time and time again. Even when things came up that were particular to our company, he was able to work through them with the buyer to ensure that the process moved smoothly forward. The buyer seemed to understand that the Paragon Ventures team was working for my best interest, but also to ensure that it was a win-win for both parties involved.
I would recommend any business owner to talk to them and see how they are the best member that I had ever signed on to my team.
I enthusiastically encourage any business owner to consider Paragon Ventures as an extraordinarily competent M&A Advisor / broker to assist in the sale of their business. I was particularly pleased with Samantha Lincoln who guided us through this tedious, but rewarding process for our own family business.
As small business owners we develop strong skills in navigating our companies through the many strategic and day to day decisions needed to generate successful outcomes. A sale or purchase is an entirely different matter, and we were quick to learn that we couldn’t possibly have handled it on our own, even with very competent counsel representing us.
Paragon found our buyer and obtained a sales price that exceeded our expectations, but that was probably the easy part. The purchasers of a going concern demand extraordinary amounts of information to a level of detail and depth that is difficult for a business operator to imagine. During this very exacting process Samantha was always there showing us what to do to meet our purchasers needs. Late night conference calls, voluminous and seemingly never-ending submissions into data rooms, problem solving and the smoothing of inevitable conflicts were part of the daily routine for several months. She provided reassurance to us and to our purchasers, and her availability was constant and immediate. She knew what she was talking about, demonstrated a lot of experience and competence in what she was doing, and in honesty, it probably wouldn’t have had a good or any outcome without Samantha and Paragon Ventures.
When I had decided that the time was right to sell my business, I knew that I would be better off using an M&A advisor to handle the process so that I could focus on the daily functions of my business. I had talked to others that had gone through the sale process and decided that talking to Paragon Ventures would be my best option. I reached out to Scott Fife to discuss why Paragon Ventures would be the best option to help me sell the business. He explained the entire process from start to finish and how they could help me get the best deal in the current marketplace.
Once I had gathered all of the information that Scott asked from me, he put together a professional presentation that made my companies stand out to perspective buyers. Scott talked with various buyers that he thought would be ideal prospective buyers and within three weeks we had three very good offers for the company. After reviewing each of the offers, we determined which offer was the strongest and negotiated the terms to maximize the value and consummate a transaction.
Scott and his colleagues worked with me to get through the diligence process and then into the final part of putting the agreements, schedules and paperwork together to close the deal. I was able to continue my focus on the day-to-day activities of the business while Scott and his team handled everything confidentially. I wanted to make sure that my patients, referral sources, employees and competition had no idea that I was trying to sell the company at all.
When the day of closing finally arrived, I realized that the entire process was not as daunting as I had thought it would be because I had chosen Paragon Ventures to be my partner throughout the entire process. To any other business owner that is thinking of selling, I would recommend Scott and the Paragon Ventures team as they did what they said they said they would do when I had my initial discussion and there were no surprises along the way.
Despite all of the challenges I faced in building a successful behavioral health company, selling the business was the most difficult by far. Having April on my side to counsel me through all of the nuances of an acquisition was invaluable. Not only did she successfully market my company, but she helped advise me to increase its value through the process. April’s intelligence and patience was key in all of our negotiations, without her the deal could have easily fell apart, but she guided it through to the finish line.
I first found Paragon while searching for people with specific niche M&A experience and expertise. Even if their web site appeared less flashy than others, I had the impression, even on the phone, I was dealing with highly-skilled senior people, not the classic aggressive belt and suspenders kid searching for money. They initially made a conservative evaluation of our business and we decided that it was too low to go ahead at that time. Eight months later, given strong growth of the Company, we gave Paragon an exclusive mandate based on a new expected enterprise value. Their competence was knowing not only the potential buyers but also which were in “acquisition mode”. We received four solid offers and signed an LOI a few months later.
Paragon was able to create and address the information memorandum needs and to drive softly the negotiation, never prevailing over our desires. Their motivation was the success of the transaction for both sides, not a quick and dirty deal good for the seller at first and then full of problems afterward. After the closing, Paragon has continued to monitor our performance in order to make sure that our success story was not a vanishing falling star.
I suggest Paragon to serious entrepreneurs that want to find a long term strategic partner or definitive buyer and not regret the transaction terms and conditions after closing.
When the time came to consider the sale of my chain of pharmacies, I knew that it would be important to assess the entire market and not just focus on a single potential buyer. I knew that working with an M&A advisory would be important and interviewed several firms that specialize in pharmacy sales. After meeting Jonathan Sadock of Paragon Ventures, I knew I found the dedicated team and expertise my family needed to close the deal. I would recommend them to any pharmacy owner looking to sell or merge their pharmacies.
I worked with Paragon Ventures on the sale of one of my previous companies a few years ago. Once again Scott, Marc and Jonathan of Paragon Ventures worked with a strategic focus to close our transaction quickly and quietly. When, not if, I am ready to sell my next company I will certainly work again with Paragon Ventures for the third time.
“They not only have the necessary sales expertise and vast contacts in the industry but more importantly, they possess the knowledge and personal experience of once having gone through this process themselves.”
“Paragon delivered a concise financial picture and an accurate executive summary of my prospective business that withstood due diligence perfectly. I plan all my acquisitions with Paragon!“
“No games, thorough preparation, professional negotiation from start to the final agreement… I was amazed at how smooth you made such a large transaction. Working with Paragon I was confident that I was getting the best deal I could expect. I appreciate the support, encouragement and hand-holding… My family is grateful for the excellent results.”
“We had many suitors and sold our company for a wonderful price…
beyond our expectations. They worked on the sale day and night… although I had a direct offer in hand, Paragon Ventures was able to increase both the price and improve the deal structure. I am glad I did not try to go it alone.”
“Paragon focused on getting me the very best deal possible… the entire process went smoothly and each detail was handled with the utmost professionalism.”
“After making the hardest decision of my life ( to actually sell the business) the next important decision I had to make was who would best represent me and my concerns. Paragon Ventures greatly exceeded my expectations in every way, both financially and in the level of care and service, I received.
I never expected the level of expertise and guidance Paragon provided. It was masterful how they managed each issue to resolution, with the very least amount of disruption to my business, and always with my best interests in mind. Now, with Paragon’s help, the cash in the bank and a smooth transition behind me, I know for certain that I made the right choice.”
“You did a tremendous job in finding a buyer for my company, Miller Medical & Respiratory, Inc. in a very difficult and unsettled marketplace. Your guidance during the process was very valuable and your handling of the transaction was extremely professional.
You made it easy for us to sell our company and got us very good price. What more can I ask from a broker – you did it for us.
My son Steven and I want to thank you for all you have done.
I can only give you the highest recommendation and will be very happy to speak to anyone on your behalf.”