CBI Chairman and founder Carl Grimes announced the official name of the largest business brokerage in the region is Confidential Business Intermediaries/The CBI+Team. CBI and Carl Grimes have eliminated association with Sunbelt. Grimes founded Grimes Business Brokerage in 1994 and in 1995 Grimes bought a Sunbelt franchise. In 2006 Grimes recognized that his vision of business brokerage had changed from that of the new Sunbelt corporate owners who have no practical experience in selling Main Street businesses. Grimes established Confidential Business Intermediaries/The CBI+Team to differentiate from the Sunbelt brand. On June 1, 2014 Grimes dropped the four Sunbelt franchises he owned (Northwest Arkansas, Springfield, Missouri, Joplin, Missouri and Fort Smith, Arkansas).
“You may have noticed the name change for our company,” states Grimes. “By our choice we are no longer affiliated with the Sunbelt Network. After 19 years we made the decision to leave Sunbelt. Our future and that of Sunbelt are no longer on the same path. We wish our many Sunbelt associates the best and we look forward to providing the Confidential Business Intermediaries (CBI+Team) system and processes to business sellers and buyers all over the United States.”
Grimes cautioned business sellers and buyers that the Fort Smith and Northwest Arkansas Sunbelt franchises have been purchased by a former car dealer from Hot Springs, Arkansas. “Please be aware that when you call “Sunbelt” in Arkansas now you won’t be getting the same company and experience which provided services for the past 19 years in Arkansas,” Grimes said.
Several proprietary products can now be made available to sellers and buyers working with the CBI+Team. Specifically, CAP (Confidential Auction Program, www.confidentialauction.com), L4B (Loans for Business, www.loans4biz.biz), and TAP (Target Acquisition Program, www.tapbiz.biz) will be an integral part of the unique services CBI will offer its patrons.
“These unique programs, enabled through the technology foundations behind CBI+Team, gives buyers and sellers a unique advantage in participating in more creative, efficient and effective services,” states CEO, Michael Auten. “These proprietary programs can actually assist in expediting the process for a more positive result in an often shorter timeframe for our buyers and sellers, making the experience an even more positive one for all involved.”
CBI was founded in 2009 when Carl Grimes added the name CBI (Confidential Business Intermediaries) to the Sunbelt brand to represent the growing presence and ability of the CBI+Team to handle Mid-Market Mergers and Acquisitions. CBI+Team has handled numerous large M&A transactions and is a member of the International Business Brokers Association and Chambers of Commerce in Fayetteville, Springdale, Roger-Lowell and Fort Smith, Arkansas, Joplin, Missouri and Springfield, Missouri. With a current total of seven CBI+Team offices, the Little Rock location being the most recent, the managing partners will now focus on the growth of his CBI+Team of business intermediaries and the brand nationwide.
The CBI+Team currently has affiliates in the following locations:
Fort Smith, Arkansas
Summit County, Colorado
For more information, contact CBI at: 479.770.8989 or e-mail firstname.lastname@example.org