Pacesetter helped sell our family business
Transition specialists at DW Gray successfully guided us through an imminent crisis arising from health, relationship, and marketplace issues to a remarkably favourable outcome.
David Gray helped us to define our objectives, identify all the roadblocks, evaluate our options, then design and implement a transition plan that would address the obstacles and achieve our objectives.
As a result of much soul-searching and David’s leadership, we decided to sell our family business to someone outside the family. David took charge of the process which resulted in a deal that, despite our lack of time to prepare the business for sale, will provide us with the capital to sustain our desired lifestyle. David was a pillar of strength throughout the process. So that we could concentrate on the day-to-day running of the business, David not only managed the whole project, but also found the right buyer for the business and quarterbacked our team of advisors to minimize the tax liabilities of the sale. Most importantly, his top priority was always our family’s emotional and personal needs.
I would encourage all business owners to talk to David about how to plan for their eventual exit from the business and not wait until a crisis forces their hand. If we had taken this step earlier, we would have had more time to prepare the business for the sale.