Graco Corporation of Gravette, Arkansas has successfully transitioned ownership of their manufacturing business using the proven CBI process. Graco Corporation is a parts manufacturing business with a strong focus in the firearms industry as well as making and selling their own proprietary products. Larry and Sue Eaton and their partners Gary and Jean Phipps started the company in 1986 and have been very happy operating the company, but the time had come to retire. They spoke with their accountant about how to go about it and he recommended meeting with CBI Team Northwest Arkansas Managing Partner, Jon Holbert. After a thorough explanation of the process and assembling the necessary information, they selected The CBI Team of N.W. Arkansas to represent them. A strong marketing strategy was implemented, and it did not take long for CBI Team Executive Business Broker, Carol Gresham to identify Gary and Denise Box as a great match for the company. Both the Seller’s and Buyer’s families are interested in shooting sports, manufacturing and enjoy farming and raising cattle. “This deal was a match made in heaven,” said Carol Gresham.
When asked to rate their overall experience with CBI, the Sellers were extremely pleased and highly recommended the CBI selling process and Managing Partner, Jon Holbert. The buyers also expressed gratitude for the professionalism and courtesy shown to them and appreciated the CBI process escorting them through their first business acquisition.
Manufacturing companies always create great interest across our buyer network, and Graco was no different with over 100 inquiries coming in many of those going through the process of investigating the opportunity. While buyers came in from around the globe, we are glad to see that the buyer is from the region and plans to continue operation in its current location in Gravette, Arkansas.
The CBI Team has identified many other prospective manufacturing buyers, as well as buyers for just about any kind of business. If you are considering selling your business anytime in the next few years, contact CBI today for a free, confidential business review [email protected] or call 877-582-5200.