Small Business Deal Advisors is pleased to announce the acquisition of Offshore Enterprises of Cedar Springs, MI to an individual investor!
Offshore Enterprises is a full-service boat repair shop. The Company also offers other services such as custom fiberglass, electrical work, engineer repair, and boat transportation and storage. Additionally. Offshore Enterprises sells boat motors, engine parts, and used boats.
Donald Weeks founded Offshore Enterprises in 1977. After 45 years of owning and operating the Company, Donald decided it was time to transition into retirement. He engaged Small Business Deal Advisors to assist with the sale of Offshore Enterprises.
The Company was purchased by an individual investor, Wyatt Schmid. Wyatt will be utilizing his previous experience in the boating industry to successfully manage Offshore Enterprises moving forward.
Scott Nicholson, SBDA Associate, was the lead advisor on the transaction. Scott worked diligently with Donald to find a well-suited buyer for the Company.
“Donald worked diligently for many decades to build Offshore Enterprises into what it is today. It was a pleasure assisting his transition into retirement through the sale,” stated Scott Nicholson.
Small Business Deal Advisors advised Offshore Enterprises on the sale through the development of marketing materials, comprehensive marketing of the acquisition opportunity, and consulting through the negotiation, due diligence, and closing periods.
The terms of the transaction were not disclosed.