IN THIS ISSUE

NYBB NEWS - 2 of our most recent blog posts.
EVENTS - Helpful and engaging events for networking and information.
ANNOUNCEMENTS - Exciting news to share.
SPOTLIGHT - A behind the scenes look at a NYBB team member.
ENGAGEMENTS - Our Most Recent Engagement Opportunities... for your review.
COMING SOON - Engagements we are working on bringing to market.

NYBB RECENT BLOG POSTS

HOW SELLERS CAN BOOST THEIR

LEVELS OF SUCCESS

Many buyers view a publicly-held company as virtually being an open book with at least a modest level of transparency, whereas privately-held companies reveal much less about their inner workings, financial, and otherwise. Of course, this means that buyers of privately-held companies are left with no choice but.... READ MORE....

NOT ALL BUYERS ARE CREATED EQUAL:
THE MINDSET OF THE SERIOUS BUYER

Just as every person is different, the same invariably holds true for buyers. No two buyers are the same. Further, no two buyers have the same mindset, emotional makeup, or approach to business. The simple fact is that buyers opt to buy businesses for a very wide range of reasons. The bottom line is that it is up to business brokers and M&A advisors......READ MORE...

EVENTS

Join the AM&AA Long Island and XPX Long Island Chapters for a summer kick-off event.

This will be a great opportunity to expand and deepen your network across both organizations, while putting your golf game to the test.

The event includes unlimited golf and food.

There will be a cash bar available as well.

Tuesday, June 21, 2022

5:30 - 7:30 p.m. ET

Topgolf

5231 Express Dr. N. Holtsville, NY

$75 for AM&AA Members & Non-Member Guests

CLICK HERE TO REGISTER

ANNOUNCEMENTS

Kyle Griffith, Managing Partner of

The NYBB Group Completes

Goldman Sachs 10,000 Small Businesses Program

Kyle Griffith, CBI, CM&AP Managing Partner of The NYBB Group recently completed the Goldman Sachs 10,000 Small Businesses program. The 12-week program focuses on business growth with best-in-class curriculum developed by Babson College and a network of business leaders, business advisors and trained faculty.

“I am very proud and grateful for the opportunity to be a part of this prestigious program,” said Mr. Griffith. “I am excited

to apply what I have learned to serving our clients at The NYBB Group as well as continuing to build upon the wonderful new business relationships I have formed during the course of the program.”

Goldman Sachs 10,000 Small Businesses provides business education, support services and pathways to capital for growth-oriented entrepreneurs. Participants gain practical skills to take their business to the next level, with topics like financial statements, negotiations, and marketing. Participants develop an actionable growth plan for their business with the help of advisors and a network of like-minded entrepreneurs. The program is free for participants and delivered in partnership with academic institutions across the country.

To date, Goldman Sachs 10,000 Small Businesses has served over 10,000 businesses in all 50 states, Washington D.C. and Puerto Rico.

The International Business Brokers Association recognizes

Kyle Griffith with Chairman's Circle Award

The International Business Brokers Association (IBBA) has recognized New York Business Broker, Kyle Griffith, with the Chairman’s Circle Award for outstanding

performance in 2021 as part of its Member Excellence Awards Program.

Business Brokers play a vital role in sustaining our economy by facilitating the successful transition of business ownership between sellers and buyers," stated IBBA Executive Director, Kylene Golubski. “We applaud and celebrate our award recipients who’ve not only proven personal excellence, but have also positively impacted the lives and futures of so many through their efforts.”

Join us in congratulating Kyle.

Podcast

Firm Grasp on an Empty Bag?

Presented by Anthony Citrolo

“Do You Have a Firm Grasp on an Empty Bag?" with Anthony Citrolo, founder and Managing Partner of the NYBB Group LLC and the Exit Strategy lab.

Anthony works with business owners on developing exit and succession strategies for their businesses.

The Firm Grasp podcast is dedicated to those business owners with the goal of helping them understand the value of their business, how to turn that asset into cash and see the value, and benefit from their years of hard work.

Tune in to hear what Anthony and his expert guests have to say.

CLICK HERE TO TUNE IN

SPOTLIGHT

Meet Anthony Rivas

M&A Advisor, NY Real Estate Associate Broker

Anthony Rivas is a merger and acquisition (M&A) advisor with The NYBB Group. He assists clients with mergers and acquisitions, exit strategies, business valuations, and real estate. Anthony has extensive experience in sales and marketing.

He is highly skilled at implementing successful marketing strategies on behalf of his clients, including business owners, entrepreneurs, and financials sponsors. Anthony typically works with lower middle-market enterprises with annual revenues of $5 million to $50 million. Anthony brings a successful track record in real estate to The NYBB Group. For over seven years, he sold real estate in New York City and its surrounding suburbs.

He is familiar with different types of real estate transactions and structures, such as wholesaling properties, developing creative financing opportunities, helping client dealing with foreclosure.

Anthony is an enthusiastic, caring, and driven business professional committed to educating himself on matters relating to mergers and acquisitions and real estate. He is a proud and active member of the M&A Source and the International Business Brokers Association (IBBA)—two of the leading industry associations that serve dealmakers focused on middle market transactions. Anthony also has a degree in International Business from Southern New Hampshire University.

ENGAGEMENTS

New Listing

Electrical Contracting Company

# 1241

Revenue 4 year avg:

$ 3,766,227

This company is the largest electrical contractor in their region. Since its inception over a decade ago, the business has provided its clients with quality electrical work and unmatched service reliability, which positions it as a preferred service provider for most local homeowners and businesses.

New Listing

Customs

Brokerage Firm

# 1239

Revenue 2021:

$ 2,297,200

This is a unique opportunity to acquire a long-standing leader in the customs brokerage and freight forwarding business. The business offers a full range of services, including customs brokerage, surety bonds, Import Security Filing (ISF), track and tracing, delivery coordination, and expedited cargo

pick-ups and deliveries.

New Listing

HVAC Specialist

# 1202

Revenue 2021:

$ 7,430,090

Projected 2022:

$15,431,073

This is a premier service business engaged in the design, engineering, and installation of HVAC (heating, ventilation, and air conditioning equipment. As such, it has grown over the years predominantly through word-of-mouth referrals and is trusted by a diverse range of clients from New York’s industrial, commercial and exclusive residential sectors. For 2022 they have over $25M in contracts as works in progress; they are currently bidding on over $30M in work for 2022-23.

Facility Management Maintenance Company

# 1271

Revenue 2021:

$ 11,181,260

This Service-Disabled Veteran owned company specializes in contractual building maintenance services. The company provides single-source facility management services such as cleaning, restroom sanitation, general maintenance, floor stripping & waxing, window washing, pest control and painting. Current contracts include City, State and Federal Institutions, including VA buildings, located in over 14 states. Over 30 years of experience and a long term reputation for excellence.

Fine Art and Framing Gallery

# 1252

Revenue 2021:

$ 951,993

This turn-key business, established in 2004, offers expert custom & archival picture framing for fine art, in a friendly and professional setting. The business caters to high end designers, renowned artists and affluent clientele, who showcase their frames in museums, private homes and places of interest worldwide. Includes real estate, fully trained staff, state of the art equipment and sellers ready to train and consult in order to ensure a smooth transition for new ownership and long time clients.

Software Development Company

# 1257

Revenue 2020:

$ 291,179

This company operates in the lucrative Business Analytics – Enterprise Software industry, which is expected to experience high revenue growth through 2026. The business is well-positioned to grow along with the industry thanks to its excellent reputation and quality products in the accounting software market.

This company was established in 1991 and immediately partnered with another business to build a DOS-based fixed asset system. Over the years, the owners were able to steadily grow the sales of their system and gradually improve the product.

Retail Pet Supply

& Grooming

# 1245

Revenue 2020:

$ 1,622,682

This business has been family owned and operated for over 80 years. They have become one of the most iconic and trusted names in the pet shop industry. The business has a diversified revenue stream, consisting of sales of the following: Large stock of companion animals AKC/ACA dogs, birds, cats, fish, reptiles and small pets (mice, guinea pigs, etc.). An extensive range of supplies, including homes for small animals. Pet adoption services, general pet advice and grooming services for dogs, birds and small animals.