We engaged the 1stWest team lead by Ted Rieple to review the strategic alternatives for PVS Chemical’s German subsidiary, PVS Chemicals Germany, GmbH. Ted did an excellent job overcoming stakeholder concerns to drive a consensus that a sales process was the best long term option for all.
1stWEST ran an efficient, timely and fair process for buyer and seller. 1stWEST’s network brought in trusted local resources to help with cultural and legal issues which helped to keep the deal moving forward.
Despite a small pool of legitimate acquirers, Ted did an excellent job of understanding the target’s potential value. This drove us to the best acquirer to both maximize, shareholder returns and the long term benefit of the targets’ employees and local community.
During any merger and acquisition process, one spends a great deal of time with advisors. The good news is that everyone on the 1stWEST team was a pleasure to be with. I look forward to working with 1stWEST again.