As we find our way through these unprecedented times, often the negative news has overpowered the positive. Though 2020 has been difficult, we would like to share a few successes CAPSTONE has helped our clients enjoy.
• In January, after 32 months of effort, CAPSTONE was able to sell certain assets of a steel erection company in excess of its projected value. This transaction was consummated at approximately $4 million.
• In April, after only 6 months of efforts, CAPSTONE was able to close the sale of a division of a $300 million company. The parent had decided to exit a nonessential business line and sought our assistance.
We continue to engage our clients and help them plan for and achieve the success that’s best for their business. We are guiding them through filings for the Paycheck Protection Program with their banks, discussing how to weather this economic storm (and prosper after), and assisting them with transition and succession plans.
It’s easy to get caught up in the negative right now; however, we choose to focus on the positive, and on the opportunities we are given to help others. We are extremely grateful to be in a position where we can continue to be used as an asset for our clients and others within the business community. We pray blessings on each of you.
Rich Miles
Managing Member