There very much seems to be a new or revised player in the Dallas market for exit strategy solutions. There have been many prior postings regarding similar companies on ROR - such as GW Equity, Generational Wealth, Equico, The March Group, etc. Now here comes maybe the latest or revamped version - The Transition Company. Gene Sartin, prior VP at GW Equity has formed The Transition Companies and indicates the firm is an expert in the sale of privately held companies. Experts after being formed in October of or so the BBB reports. The company on some sites is reporting being in business since 1988. The BBB says the company was formed in oct. 2008. No corporate filing can be determined in Texas at this time, after checking in with the Franchise Tax Board. You have to be in business for more than a year to be listed with the BBB, and The Transition Companies lists Succel, Inc. As the business that is now trading as The The Transition Companies. Since Mr. Sartin was the VP at GW Equity during this time period it seems like some careful checking may reveal similarities between the companies, like what they do for a fee. If the claim has been made that they have been in business for more than a year, a timeline leads to Sartin experience at GW Equity. There appear to be volumes of people that used to work with Sartin at GW and are now with him at this new entity. It seems that almost everyone involved has either been named in prior ROR articles or in discussions of the GW Equity lawsuit or depositions posted on ROR. We have all been warned about any company that wants you to write a check on the spot for services not yet rendered. It appears that when a business analyst comes to visit you as a potential client of this group, that they want you to write a check that day. This will begin a process to create a business valuation for your business and also to begin a process for you to exit your business through most likely a sale or promise of one. The website for The Transition Companies offers a reference from a recently transacted sale. I could not determine just how The Transition Companies was involved - the dates don't seem to add up with the formation of the company. There really must be some reason that so many of these companies with the same group of services locate in the Dallas area - is it the water, or could it be the koolaid? If you haven't read them yet, I urge you to read other ROR postings on the individuals and companies captioned above. Be an educated consumer and make any of these companies show you they are the real deal and also where they came from. There are few "good" stories out there, and apparently a lot of companies who wrote these checks and are not happy with the outcome-be informed and be careful.
0 comments