Bergman Companies
Closing the deal
When Bill Bergman was ready to sell his construction company and settle into retirement, Wipfli helped him choose the right buyer and close the deal.
The Challenge
Bill Bergman owned a respected pavement maintenance company with more than $10 million in annual sales. When it was time to sell the business and start retirement, Bergman needed help navigating the sale. Several buyers were interested, including two key employees. It was difficult for Bergman to separate the tax and accounting ramifications of the deal from the emotional side of the transaction.
The Solution
Wipfli worked closely with Bergman Companies’ accounting staff and legal counsel to present various tax assumptions and considerations. We laid out the facts so Bergman could objectively assess potential deals and structure terms for the acquisition. Wipfli guided Bergman over a two-year period, providing prompt responses and helpful service.
Wipfli was a tremendous help during the sale of our company. They contacted the other company when appropriate, and more importantly to me, reassured me and kept me steady during those very long two years. Perhaps the most important attribute was their availability and quick response to my questions. I would highly recommend Wipfli to retain in the sale of a company.
The results
Bergman closed the deal — and received a higher-than-asked price for the business. Patience and due diligence paid off.
