Small Business Deal Advisors (“SBDA”) is excited to announce that a majority equity stake in Bazzani Building Company of Grand Rapids, MI has been acquired by ASA Group, LLC of Granger, IN.
Founded in 1996, Bazzani Building Company is a recognized and award-winning building and development firm. The Company’s exclusively “green” services range from initial planning and design to construction management and building. Bazzani has developed a stellar reputation for its sustainable building and historic preservation projects throughout the West Michigan area. The Company is recognized as a “Triple Bottom Line” B-Corporation and has achieved “Best for the World” designations by B-Lab since 2016.
Since its founding, the Company has been led by Guy Bazzani. Desiring to transition into retirement, Guy Bazzani decided to engage with Small Business Deal Advisors to prepare for and sell his majority stake in the business.
"I was pleasantly surprised at the speed and efficiency that SBDA exhibited," remarked Mr. Bazzani. "I engaged with them in late November 2018 and within a month they had located the buyer, ASA Group! It really was a great fit and I couldn't have found them without SBDA's help."
Led by CEO, Michael Coyne, ASA Group, LLC, is a Granger, IN-based firm that seeks to invest in established small businesses with revenues between $2 million and $10 million. ASA Group targets companies that possess sustainable competitive advantages - such as brand recognition or proprietary products, services, processes or customer relationships. The firm seeks investments in small businesses with profitable track records and those that are suited for rapid growth through aggressive marketing or a build-up strategy.
Regarding the transaction, Mr. Coyne noted: "Bazzani Building is an exciting investment for us. The company has a long and successful tenure operating in an attractive niche. I believe this investment gives us a long-term advantage given current and future environmentally conscious building trends. The staff, my fellow partners, are smart, experienced and motivated. We are thrilled to be able to build on Guy Bazzani's foundation and by the many opportunities that exist to grow the business!"
SBDA Co-Founder, Max Friar, observed, "The ASA / Bazzani transaction was nearly picture perfect. The buyer and seller got along wonderfully, negotiations were conducted fairly and openly and the deal closed in short order. It's a blessing to work with such great people!"
SBDA advised Guy Bazzani on the sale of his majority equity stake in Bazzani Building Company through financial consulting, the development of marketing materials, comprehensive marketing of the acquisition opportunity, and consulting through the negotiation, due diligence, and closing periods. The deal was led by Associate, Scott Nicholson.
Terms of the transaction were not disclosed.