Contact Broker
680 Anderson Drive, Suite 230,
Pittsburgh, Pennsylvania 15220
(View Map)
About the Company
Ascend Business Services is a boutique consultancy firm concentrating in assisting small to mid-size companies in a variety of unique areas, including managing through financial distress, improving internal cash management and selling businesses. Through decades of experience, the professionals at Ascend achieves, for their clients, superior results in very specialized situations. Most Lawyers, Bankers, and even CPA's have extreme knowledge and expertise, however, this expertise is different than most small business require when struggling, needing working capital, or when selling their business.
While we have general knowledge of all things business, we try to stick to what we know best:
Turning around businesses
Finding working capital for businesses
Selling or acquiring businesses
Broker Biography
Introduction
Yes, we know, which firm doesn't possess the experience needed. The difference with Ascend is we have lived your life. All of us are either current business owners or former business owners. This difference enables us to understand your point of view and to construct solutions you which meet your objectives and not the objectives of a professional.
In addition, looking and working on over 10,000 different businesses over our careers gives us insights that others simply do not possess. In fact, our focus on these broad numbers enables our solutions to be tested in many different forums, improved, and tested again, over and over, until we reached the result driven processes and changes we deliver today.
Services Provided
While there are several types of transactions classified under the notion of M&A (Mergers & Acquisitions), a merger means a combination of two companies to form a new company, while an acquisition is the purchase of one company by another in which no new company is formed.
M&A can include a number of different transactions, such as mergers, acquisitions, consolidations, tender offers, purchase of assets and management acquisitions. In all cases, two companies are involved, where an acquiring company makes an offer to buy the other company in its entirety or purchase some of its assets.
Ascend Business Services focuses solely on privately held business, however, our ventures have led us into the public realm.
Merger
In a merger, the boards of directors for two companies approve the combination and seek shareholders' approval. After the merger, the acquired company ceases to exist and becomes part of the acquiring company.
Acquisition
In an acquisition, the acquiring company obtains the majority stake in the acquired firms, which does not change its name or legal structure.
Consolidation
A consolidation creates a new company. Stockholders of both companies must approve the consolidation, and subsequent to the approval, they receive common equity shares in the new firm.
Tender Offer
In a tender offer, one company offers to purchase the outstanding stock of the other firm at a specific price. The acquiring company communicates the offer directly to the other company's shareholders, bypassing the management and board of directors. While the acquiring company may continue to exist, if there are certain dissenting shareholders, most tender offers result in mergers.
Acquisition of Assets
In a purchase of assets, one company acquires the assets of another company. The company whose assets are being acquired must obtain approval from its shareholders. Typically, the selling company is liquidated upon the final transfer of assets to the acquiring firm. The purchase of assets is typical during bankruptcy proceedings, where other companies bid for various assets of the bankrupt company, which later ceases to exist.
Management Acquisition
In a management acquisition, the management of a company purchases a controlling stake in a company, making it private. Such an M&A transaction is typically financed disproportionately with debt, and the majority of shareholders must approve it.
Areas Served
Licensed In
- Florida — License number 56464
- Utah — License number 56465
Business For Sale Listings
United States
View Details High End Furniture and Appliance Store
High-End Furniture & Appliance Retailer – Established Brand, Prime Downtown LocationThis well-established company offers an exceptional selection of high-end residential furniture and appliances from a spacious 30,000+ sq. ft. downtown showroom, featuring nationally recognized brands.Product Lines Include:Furniture: Upholstery, occasional tables, recliners, dining sets, bedroom suites, bedding, and accessories.Appliances: Premium refrigerators, ranges, stoves, dishwashers, washers & dryers, and outdoor grills.Supported by 30,000+ sq. ft. of warehouse space, the business serves a loyal customer base within a 75-mile trade area, with significant potential for expansion.Financial Highlights:Revenue split: ~50% furniture, ~50% appliancesAverage margins: Furniture – 55%, Appliances – 30%Strong brand recognition and repeat clienteleNAICS Codes:442110 – Furniture Stores443141 – Household Appliance StoresThis is a turnkey opportunity Less
California Agent: Joan Ferrante
View Details Powder Coating & Metal Fabrication in Pacific Region for Sale
The Company is a full-service, ISO 9001 certified, powder coating and metal fabrication shop. Specifically, the Company offers the following services for multiple, large blue chip companies: design support, metal manufacturing, electrostatic powder coating, protective coating for corrosion control, precision powder coating, industrial metal finishing, sand blasting, welding/metal working, metal graining and polishing, precision masking, tube bending, assembly and packaging, as well as other related solutions.The Company operates through four internal profit centers: powder coating (~70% of revenue), manufacturing (~18% of revenue), sand blasting (9%), and trucking/deliveries (3%). Less
Montana Agent: Joan Ferrante
View Details Northwest USA - Industrial Liquid Trucking Business
Founded in the late 90s, this 25+ year old liquid trucking business is owned and operated by the founders. Located in the Northwest USA, the business transports "maxi loads" (40 tons) of industrial, hazardous and non-hazardous liquids across an 11-state area in the Northwest. In addition to bulk liquid transportation, the company also distributes magnesium chloride for use on municipal and private roads. The company owns 19 trucks and 73 trailers and has relationships with other haulers and individual owner/operators to accommodate demand fluctuation. Less
