Merger & Acquisition Comments from our Clients
Having Larry Heck as the broker representing the sale of my company has probably been the most difficult transaction of your career.... but you completed the task. I commend you. Not only did you screen and vet each inquiry but you used your experience to follow through with the most qualified buyer. You guided the buyer and the officers of his financial institution through the due diligence of showing all the history of the financial data. You were able to give me common sense advice and language I could understand as compared to the complex statements from lawyers and CPA’s. You were always in contact with me explaining and guiding me through every complex step of the way. Larry you really worked hard and diligent to earn your fee.
As an M&A attorney, I believe Lakes Business Group is one of the most respectable lower middle market M&A firms in the Midwest. I have worked very closely with Tim and Nicole for several years to help their clients sell their businesses. They work very hard to protect their clients’ interests throughout the deal process, provide creative deal structures, and leverage up business values for clients. I look forward to continuing working with them to successfully transfer businesses and would highly recommend Lakes Business Group to anyone looking to buy or sell a business.
"Just a note to tell you how much we appreciate your dedication to make a successful sale for our business. Your knowledge, experience and support were invaluable and helped to to make important decisions. How fortunate we were to have you as our partners in the transaction. We knew you could make it happen. Thank you! Thank you!"
I have worked with the folks at VR Lakes Business Group for years now. I'm consistently impressed with their level of professionalism, their knowledge of the markets, and their ability to get the deal done. They are the area experts on looking outside of the traditional box and getting a deal done. I can direct a business owner (or future owner) to VR Lakes Business Group with full confidence in them and their abilities.
“We would like to take this opportunity to express our gratitude to you for selling our business for us. A review of the date of this letter will disclose the necessity of expertise and professionalism that it took to accomplish this in the present economic climate. At this time, with companies around us succumbing to a deep recession and especially those in the nature of our type of business, you were able to find more than one buyer and then follow the ensuing competition through to an equitable stale. One more particular aspect added a difficulty, namely, the fact that complications arise as a result of emotions connected with a family business of more than 32 years. Extra effort became expedient to conquer that resistance. In spite of this all, you were able to complete all the necessary work, arrange all appointments, accommodating whatever changes presented themselves along the way, and still accomplish the objective. For the above reasons, we certainly applaud your effort and would like to recommend your services to anyone who finds themselves in like situation to ours. Thank you again.” – Peter Schlicher, President – Haselow, Inc.
Bought my business here in 2012. Continuing to work with Lakes Business Group for additional acquisitions. Great group to work with.
"Please accept this letter as my personal and professional endorsement of Mark Smith and VR Lakes Business Group. The decision to sell one of our divisions, Handi-Man Marine after being in business for over 30 years was a difficult decisions. Mark worked with us throughout the whole process to ease our anxiety. VR Lakes did an outstanding job of developing and marketing the Business Profile. This piece was the core tool for securing buyer interest that lead to many showings. Mark listened to my concerns regarding prospective buyers and eventually found us a great buyer who was a good fit, at an acceptable price. For me this was the key factor in securing the deal. The overall process and closing went very smoothly and I would recommend Mark Smith and VR Lakes for your business sale.”
“We worked with Michael Szmanda at VR-Lakes Business Group to sell our Transportation Company in early 2014. Michael worked carefully with us to validate the value of our business. He cultivated suitable buyers in a much shorter time period than we had anticipated and produced and acceptable offer within months. Michael guided the transaction through due diligence, helped the buyer with financing and worked with the attorneys to make sure we stayed on track so we could close the sale. Great representation, I’d be glad to refer business owners to him when it is their time to sell.”
"I can only say great things about working with Lakes Business Group. Tim and Nicole are truly dedicated and a pleasure to work with."
"Bought a business in 2008 with their help and it couldn't have been better! I highly recommend their service! I wasn't hunting for a particular business, I just knew that I had to be my own boss. After the first meeting I had some ideas and started doing my due diligence. A month and a half later I was running my own business! Every step was made very easy with their help. I'm always keeping an eye out on their site for my next business!"
In 2016, our family decided to explore selling a portion of our family business. We met with Andrew Schmelzer a couple of times to talk about the process and how he would market our seasonal business. We committed to Lakes Business Group and Andrew to move ahead with the offering. Not knowing at all who, if any, might be interested and how long the process might take, we were pleasantly surprised how many qualified parties he brought to us. And surprised how fast the actual sale materialized. Working thru showings, options, financing and closing went well thanks to the guidance of Andrew. He would be our first choice to sell a business again, and we would feel very comfortable recommending him to others.
When we decided to sell our business, we didn’t know where to start. We spent some time trying to find a broker and made the decision to go with VR Biz Lakes Group. Our initial meeting with Tim, Robin and Nicole was over lunch and they answered all our questions and addressed our concerns. Throughout the entire process, there was a lot of behind the scenes work that they handled but we were always kept apprised of the progress. They were always willing to answer our questions and responded to us in a timely manner. We always felt that the entire staff was aware of our case and no matter who we contacted, they were knowledgeable and had the right answer to calm our fears. Every member of the team was very professional in the handling of the process. Their support continued to the very end, including the closing, where Nicole helped negotiate last-minute changes while keeping our best interests in mind. We have and will continue to recommend VR Biz Lakes Group to other potential buyers and sellers.