This situation required the division and sale
of the business to three buyers for $7.6 million. These
sales also required the negotiation and resolution of approximately
$1 million of post-closing adjustments and extensive follow-up
to ensure smooth payment compliance.
RRMC also supervised the collection of $3
million in receivables, resolved IRS problems in four states,
and settled numerous open litigation matters. “This was a horrible ordeal and
without Bob we never would have made it. He has the ability
to manage a zillion things at once and never gets rattled.
He traveled all around this country and Canada selling
off and closing up our companies.
Bob cared about us personally and
worked tirelessly on our behalf. I am deeply grateful to
him for what he did.”
– Ernest Marks, Chairman
(retired)
Concept Industries
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