ROI Corporation Acts as Business Intermediary in the Sale of Accuprobe of Salem, MA! Accuprobe is a manufacturer of electronic probes used for testing printed circuit boards for manufacturing. Established in 1976, this eastern Massachusetts business has been owned and headed by Jeffrey Wake in recent years. Represented by attorney Peter Arvanites, Jeff sold Accuprobe to Madhukar Reddy, represented by attorney Marc Clerc of Easton, MA. Gary Rayberg, CBI and President of ROI Business Brokers, was the lead broker representing Accuprobe in quarterbacking the deal from start to finish. Jeff Wake stated by e-mail after the closing “Thank you Gary for being so tenacious and for confidently steering this to a successful outcome.” Angela Miele, Senior Vice President of Enterprise Bank headquartered in Lowell, MA, provided the financing for this business Acquisition. Enterprise Bank’s attorney was Eric Shediac of the Cohn & Dussi law firm. On working with ROI, Angela was quoted as saying “As always, it was a pleasure working with Gary and his team at ROI as they understand the bank’s side of the financing equation and in particular when dealing with SBA 7a financing structures”. Madhukar and his family are relocating from the Bay Area of California to Boston’s North Shore and are excited to be taking stewardship of Accuprobe. Jeff will be staying on with the company and approximately 20 employees to help with the transition of ownership. Customers will be receiving the very same high quality product with the best in class customer service they have always received from Accuprobe. Gary Rayberg and ROI’s team of highly qualified and dedicated brokers and staff are active in the practice of representing buyers and sellers in navigating the process of buying or selling successful businesses. ROI covers most industries and has completed various transactions all over the US since 1997. If you’re looking to buy, sell or value a business, ROI Business Brokerage & Valuation Services can help! Gary can be reached at his Weymouth MA office at 781-682-6209 (grayberg@roibusinessbrokers) or visit them on the web at roibusinessbrokers!
Posted on: Fri, 25 Jul 2014 14:33:14 +0000
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