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| Acquisition Process, Valuation, and Sale | | | | |
Q: How much is my business worth?
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A: It depends on many factors, with the primary one being profitability. Click here to read about How We Value Businesses.
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Q: How will I be paid and when?
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A: We primarily pay with cash transferred at closing. Generally, approximately ninety percent is distributed directly to the seller(s), with the balance distributed to an escrow account for one year.
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Q: What is the process to sell my business?
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A: Contact Tom Salierno at (888) 628-7834, ext. 20248 to discuss the options or send us an email.
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Q: How long will the process take?
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A: The initial exploration can take several weeks, depending on availability. Once we have an agreement of intent, we usually complete due diligence and close within 60 days.
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Q: Who, from my company, needs to be involved?
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A: Initially, just the owner(s). Additionally, you may need to ask your controller, CFO or external CPA for help during the initial investigation.
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Q: When do I tell my company I’m involved in these discussions?
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A: Once you have a signed Letter of Intent with us, we recommend that you inform your employees, so that they can interact with our due diligence team in an efficient manner. We can help you plan this announcement.
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Q: I want to sell closer to retirement. How does that work?
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A: We are generally looking for entrepreneurs who want to remain in a leadership role after acquisition. For core companies, we prefer a 3 - 5 year transition period. For satellite acquisitions, it can be less depending on the circumstances. Retirement at acquisition may or may not work for Global.
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Q: We own our building. Will you buy it or rent it?
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A: Global does not purchase any buildings. If appropriate, we will lease the facility at market rates, for a reasonable term.
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| Health, Dental, 401(k), and Other Benefits | | | | |
Q: Describe Global’s benefits package.
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A: Global offers a strong suite of benefits to our employees, including: health insurance, a dental plan, a 401(k), supplemental life, a Section 125 flexible spending account and many others.
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Q: Do my employees lose their tenure with the company?
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A: No. Employees are grandfathered into Global’s programs.
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Q: Is Global going to micro-manage my company after the sale?
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A: No. Local management teams decide how to best run their companies inside of the constraints of a business plan and Global’s culture of ethics.
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| Structure and Compensation | | | | |
Q: What is a Core company? Satellite? Which one am I?
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A: These are terms that describe a company’s role in Global’s organization. Click here to read more about our Acquisition Strategy.
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Q: How do I know you won’t just get rid of me or my key employees?
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A: Global is a decentralized operation. We need strong leaders with entrepreneurial spirit and their teams to help us continue to be the best in our industry. Additionally, most sellers that stay on with Global enter into employment agreements.
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Q: How much will I be paid? And how can I earn more?
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A: That depends on your role, and company size, relative to other executives, and their company sizes, at Global. We have a very level playing field. Your, and your company's, performance will also impact your total compensation.
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Q: Who determines how much my employees get paid?
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A: Each company's management determines the appropriate compensation for their employees, with the benefit of guidance from Global.
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Our History
