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Seller’s Highly Leveraged Exit Strategy Collapses with Buyer’s Post-Closing Default

M&A Stories December 07, 2020 Introduction There is a lot more risk in selling your business when you turn over the keys to the buyer before getting all of your purchase price. The deal This deal involved the sale of

Posted in Guaranty, securing buyer's note, securing deferred purchase price, security agreement, seller carried purchase price Tagged with: ,

Seller of pressure washer business had to go an extra mile to recover unpaid purchase price from buyer

For thirty-two years, Seller owned and operated Midwest Cleaning Systems, a northeast Iowa business that sold and serviced pressure washers and cleaning equipment. For the last thirty years, the business sold and serviced Alkota brand equipment. When Seller decided to

Posted in buying distribution business, due diligence, securing deferred purchase price, security agreement

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