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Case Study

TEQ Instruments Corporation | Equipment Industry

 

Situation: TEQ Instruments Corporation, specializing in quality precision machining, reached out to the CFA Houston team for help finding a buyer for the company, but there was one caveat. It needed to be done quickly. The owner had been diagnosed with a terminal illness and time was limited. The CFA team identified three potential proposals and had begun negotiations with each when the business owner passed away.

Solution:It was important to keep the business intact until the negotiations were complete. With the help of the CFA team, all customers were contacted to assure them their work in progress would be completed, all vendors were assured they would be paid and all employees were convinced to remain in their posts so that the day to day operations of the business would not be interrupted. Negotiations were resumed and three weeks after the death of the founder, TEQ Instruments Corporation was acquired by F.W. Gartner Thermal Spraying Company, Ltd., a global provider of surface engineering solutions.

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