Small Business Deal Advisors, LLC is excited to announce the sale of its client, Rinzema Greenhouse, of Grand Rapids, MI to an individual investor!
Founded in 1930, Rinzema Greenhouse is a wholesale florist that specializes in growing and selling annuals and seasonal potted plants. The Company’s customers include farmers markets, garden centers, grocery stores, and other small distributors. Rinzema Greenhouse primarily services Michigan, but also maintains a few long-standing accounts in Iowa and Tennessee.
Rinzema Greenhouse has been a family owned and operated business since its inception 93 years ago. In 1988, Michael Rinzema took the reins from his father, marking the start of his 35-year leadership alongside his wife, Jane. After over three decades of hard work, the couple decided it was time to embark on their well-deserved retirement. Michael and Jane engaged Small Business Deal Advisors to assist with the sale of the Company.
Michael Rinzema stated, “I had a great experience working with Jon Pastoor. We had known him from his banking days, so there was a personal connection. He was helpful and always available to speak whenever I had questions, which I really appreciated.”
Rinzema Greenhouse was acquired by an individual investor. He will be working alongside Michael and Jane to learn the ins and outs of the business over the coming year.
Jon Pastoor, Mergers and Acquisitions Advisor at Small Business Deal Advisors, was the lead advisor on the transaction.
“It was a pleasure working with Michael and Jane. Their unwavering dedication to Rinzema Greenhouse is evident in its remarkable success. I wish them nothing but the best as they enter their retirement,” stated Jon Pastoor.
Small Business Deal Advisors provided Rinzema Greenhouse, Inc. with expert guidance throughout the entire process of selling the company, including the creation of promotional materials, extensive marketing efforts, consulting during negotiations, due diligence, and closing. The transaction was managed by SBDA Associate, Jon Pastoor.
The terms of the transaction were not disclosed.