Kevin Momenee, this is Curt Cyliax from SEA. Thanks for joining the call this morning.
Oh, you’re welcome.
I wondered if you could tell us a little bit about the history of your business, Momenee & Associates.
An interesting start to business. So when or how did you know it was time to sell your business? What sort of led you to the decision to sell your business to another company and not to the employees?
Good. Hopefully that’s worked out well for you.
Excellent. So you hired an investment bank. I know you hired SEA to sell your firm. If you can just describe the process you went through in selecting an investment banker and the other professionals around you? What was your vetting process like and what went into the decision making process?
And when you were going through the process, how did you manage running the business while going through the sales process? Can you tell us a little bit about your experience there and what that was like?
That’s great and nice to hear. Thank you. Were there any surprises throughout the selling process that you would forewarn entrepreneurs about or let them know to think about before getting started? Anything that really surprised you?
That’s most helpful. And when you selected the buyer – I know the company – Karins and Company bought your company. Why did you select them as the ultimate buyer for the company?
So just for the record you still work with Momenee and Associates as a division owned by Karins and Company, correct?
That’s great. So in closing, what would be the number one piece of advice you would give another entrepreneur when they’re thinking about selling their business? What one lesson did you learn that you would say, “Hey, watch out, or think about this”?
Excellent, now you’re in your transition phase, and if that comes to an end it sounds like you’ve got plenty of plans to travel with your wife.
All right, that’s very good. Well, listen, Kevin Momenee from Momenee & Associates, we’d like to thank you this afternoon for taking part on this call. We think the information you provided will be helpful for other entrepreneurs who are considering the same course of action that you took. Thank you again.