Joining Forces: Step 3: Our Letter of Intent – The “What’s Next?” for Your Business
At CoolSys, the nation’s largest premier refrigeration and HVAC service provider, we pride ourselves on our mantra of “do no harm.” And, there is no process or procedure that makes this clearer than our Letter of Intent.
A business acquisition process is one that follows a familiar pattern. In Step 1, we looked at your refrigeration and HVAC business and had frank discussions to determine if we are a good mutual fit. Satisfied that both you and our team know the potential, we then moved forward to Step 2. With full confidentiality, we took a deep dive look into the financials of your business. This analysis provided the key information to put a value on a partnership or acquisition.
Now, at Step 3, we are ready to talk turkey. In our Letter of Intent, we spell out the scenarios that we’ve determined best meet our mutual goals. This letter spells out the value of a partnership or sale of your business. You will find a fair value and see that your role has been clearly defined based upon your wishes. We walk you through the Letter of Intent, so you are fully informed of all the details. We want you to make the best and most informed decision possible.
Your Business is Like No Other
No two businesses are alike, so no two offers are alike. We promise to carefully craft an offer that works for all parties involved, including your employees and customers.
Our goal is to make this a comfortable experience. The money talk is never easy, but we have a dedicated leadership and management team that share your concerns, and are ready to answer any question that comes up in the process. After all, you put sweat equity, knowledge and shear gumption into the building of your business. These are some of the key intangibles that drove your success and made you a candidate to join us as a CoolSys operating company. You deserve the patience and care we provide to walk you through a painless, mutually beneficial decision, at your pace.
We believe you’ll see in the Letter of Intent the value of joining us, but our partners say it best:
“CoolSys has been true to every single word they told us. In terms of negotiation, they were very fair. It was wonderful dealing with them. I’ve had the most incredible time.”
-Allan Samuels, President, CoolSys Energy Design (formerly Energy Squared)
“Ultimately, the acquisition has worked out very well. Give it a chance. The financial opportunities and the equity rollover piece are very attractive. It has surpassed our expectations.”
-Anthony Tippins, President, CoolSys Energy & Engineering Solutions (former owner of Axiom Energy)
If we are in agreement with “what’s next” for your business, we are happy and honored to welcome you to the CoolSys family. Now, on to Step 4 – Diligence.