ACT Capital Advisors Completes Strategic Sale of Bridge Consulting, an IT Staffing Business
July 16, 2015 (PRLEAP.COM) Business NewsJuly 16, 2015 - ACT Capital Advisors (http://actcapitaladvisors.com/) a middle-market M&A advisory firm based in Bellevue, Washington is pleased to announce the sale of Bridge Consulting, a Seattle-based IT consulting and staffing firm with Fortune 500 clients. The sale comes after some months of advanced negotiations with multiple buyers in a strategic auction.
Similar to other transactions, the ACT team took a tailored approach to the sale of Bridge Consulting. "Our clients are pleased with our strategic auction process," says Bob Hild, CEO and Managing Director. "We engaged the sellers in a broad-based auction that ultimately maximized the seller value," Hild says.
The sellers started the company a decade prior and had operated a successful staffing and consulting firm amassing both Fortune 500 and local clients to the Pacific Northwest. When the sellers came to the point in their business lifecycle that had them wanting to sell, they engaged ACT Capital for expert representation through that process.
ACT Capital was engaged by the sellers in order to maximize value for the firm. "We used multiple bidders throughout the auction process to ensure our client received more cash at close and a greater overall valuation for his business," Hild says. "Our aim is to maximize the liquidity event for our clients and in this instance we delivered."
About ACT Capital Advisors
For over 25 years, ACT Capital Advisors has represented over 100 companies in the merger, acquisition or sale of their middle-market businesses. The firm's efforts have resulted in more than $1 billion in transaction volume and dealflow over the years. ACT's strategic auction process adds substantial value to companies that are looking to close with higher-than-normal valuations. For more information on the company and its services, please visit their website at ACTCapitalAdvisors.com.