Selling a 70-year old business

by | Mar 5, 2019 | MG Blog

Joe Wilde Co.

Joe Wilde Company, Inc., is a third generation company, founded back in 1945 by a young entrepreneur, the son of a tool and die maker.  Joe Wilde thought that Wisconsinites needed a better garage door company — and successfully gave it to them.  Fast forward 70+ years and you get to Joe’s grand daughter, Chris Teifke, who’s managed the business since 2007.

For three generations, the path was clear, with family members working at the company throughout it’s history.  But what does a successful family business do when that situation no longer exists?

“Without a ‘successor’ in place, I made the decision to sell the our family business to ensure it’s continuation as a leader in the garage door industry,” stated Chris, “I knew I needed to find an experienced ‘deal’ lawyer to add to my team of advisors and was referred to Dan Galligan by a close business associate.  He also came highly recommended from other trusted sources.”

Dan sat down with Chris and listened to both the concerns and the opportunites to carefully sell a cherish business.

“I could tell from my first meeting with Dan that he really knew his stuff, but also that he had the skill set to guide me through the process and get the deal done.”

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(Dan, add something here about that process)

 

Our client added, “The process was not without challenges (as no deal process ever is), but Dan worked tirelessly from start to finish. I really came to rely upon Dan as a trusted advisor, and I appreciate all the work he did in guiding me through the process, especially helpful as this was my first time in this arena. I highly recommend Dan and his firm, Mayer Galligan Law, LLC, and strongly feel a better choice could not be made.”