11-20-2009


ENLIGN Represents CN Clark in Sale of Business

RALEIGH – ENLIGN Business Brokers has acted as intermediary in the sale C.N. Clark and Company located in Durham, NC. ENLIGN, representing the sellers via a family trust, prepared a buyer’s information packet, listed the business online, pre-qualified potential buyers, represented the sellers in pre-offer discussions, assisted the buyers with SBA funding, and facilitated the negotiation of the terms of the transaction.

Once packaged for sale, the business was marketed through a proprietary ENLIGN methodology. In addition to ENLIGN’s website, www.enlign.com, C.N. Clark and Company was marketed directly to ENLIGN’s internal business buyers list in addition to the nation’s top online business listing services.

C.N. Clark and Company was formed over 120 years ago in 1888 producing labels for gentlemen’s hats. After graduating from UNC, E. “Denny” Clark became active in the business and was key in growing the company into the production of specialty labels with unique properties. Intellectual property developed by Mr. Clark was included in the sale of the operating company that provides the new owners additional growth opportunities.

Ken and Judy Arneson are the new owner/operators of the business and will initially focus on transitioning the client base and learning the processes necessary to maintain the high customer service and quality standards that the company is known for providing its clients.

The seller also owns the building in which the company operates, but was not included in the transaction.

When asked about the transaction Ken replied “Thanks for everything Jeff – great working with you”.

Steve Mariani, President of Diamond Financial was critical to the financing process. Steve prepared the buyers SBA loan package and saw it through to closing assisting every step of the way. The Arneson’s reported “Steve is amazing!”. “Diamond Financial is a member of our ENLIGN Professional Partners Program (EPPP) and as all of our board member do, Steve provided significant professional consulting that was central to the success of this transaction” added Jeff Snell, ENLIGN’s founder and Principal Broker.

ENLIGN Business Brokers is active in the light manufacturing vertical and offers professional services to buyers and sellers in this growing service industry segment across the Southeast.

Financial details of the transaction were not released.

For more information, visit  www.enlign.com

About ENLIGN Business Brokers:
ENLIGN Business Brokers, which has its headquarters in Raleigh, N.C., provides seller and buyer services, professional negotiation, and valuation and marketing services to small- and medium-business sellers and buyers in the Southeast and nationally through the ENLIGN Business Brokers Affiliate program and ENLIGN Professional Partners Program (EPPP). ENLIGN provides business owners wishing to sell their businesses with discrete, objective counsel and valuation advice, and an innovative, comprehensive approach to marketing businesses for sale. Complete confidentiality is offered throughout the process. ENLIGN, which is a member of the International Business Brokers Association (IBBA), M&A Source and the American Business Brokers Association (ABBA), requires that its agents and affiliates have owned a successful business of their own, hold an advanced degree and be members of IBBA working towards or having completed the Certified Business Intermediary (CBI) accreditation. For more information about buying or selling a business or becoming an ENLIGN affiliate broker, contact Jeff Snell at jsnell@enlign.com or visit the Web site at www.enlign.com.

Keywords:
ENLIGN Business Brokers, ENLIGN, Jeff Snell, Denny Clark, Ken Arneson, Judy Arneson, Steve Mariani, Diamond Financial, CN Clark, CN Clark Company, manufacturing, printing, business seller services, business buyer services, professional negotiation, valuation services, marketing services, business sellers, business buyers, North Carolina, NC, Raleigh, Durham.