Once in awhile we get to put together two businesses for a resulting much stronger operation.

We recently brokered the sale of the Independent Color Press, on Moultonville Road, Center Ossipee, NH, by Ernie and Marge Carter to Jim Graves and Marlene Crowder of Rochester Printing, LLC, in Rochester, NH. Ernie and Marge have been providing quality commercial printing to customers from the Mt. Washington Valley to the Lakes Region and southern NH for many years.

Jim and Marlene, who also own TKO Printing in Rochester, are looking forward to providing the same great service to the customers of ICP that the Carter’s did. Now with two locations, they can build upon their customer bases and expand their coverage. They are expecting to benefit greatly from the synergy resulting from the combination.

The sellers were represented by our Associates Stan Evans and Richard Corbyn. CIT Small Business Lending, represented by Beth Cleary, provided the financing and Attorney Stephen Hyde of Portsmouth handled the closing.

During a combination like this our Associates have to be very careful about managing confidential information. However this kind of transaction frequently represents the best opportunity sellers have to make a deal, and often results in higher sales prices, because of the increased value of a business to a strategic buyer.

       KEENE:  Park Avenue Deli & Market, long a fixture on Keene’s west side, has been sold .  The new owners are Brian and Karen Cagney of Mont Vernon, NH, who plan to build upon the popularity of the business.  “We are very excited to take over ownership of a business that has served generations of

     The Park Avenue Deli & Market  has been in business at 30 Park Avenue in Keene for many years, formerly as Pare’s Market, and then for many years as McLay’s Market.  The Cagneys used to buy sandwiches at the market years ago when they lived in the area.  They will be continuing the business with the same departments and staff, and look forward to renewing their connections with the area and providing excellent service and value to the residents and businesses in the area.  In addition to the normal range of convenience store items, the market does a robust meat and deli business, and provides catered lunch items for businesses and parties in the area.

We recently brokered the sale of Popeye’s Variety Store in Conway from Bruce Frechette to Bryan Dries and Edward Kugler.

Other than one other owner, this popular, local convenience store with gas, has been in the Frechette family for many years. For the last five years, Bruce Frechette has carried on the family connection to this store serving the local population as well as the heavy tourist traffic that brings in business.

The new owners, Bryan Dries and Ed Kugler look forward to providing the same level of service that customers have come to expect in what will now be called Conway Variety.

We are pleased to announce the sale of JSP Fabrications, Inc. of Charlestown, NH, from Joe and Patricia Pickul to Randy McNeil of Claremont, NH.

JSP Fabrications has the capacity to form up to ¼ inch metals and will strategically join with McNeil Sheet Metal, LLC. The companies will occupy and expand the current JSP Fabrications Plant located on Hammond Road in Charlestown.

Richard Butterfield, Broker Associate of our office represented the sellers and worked with the buyer to bring this transaction to a successful conclusion. Bob Edwards of Ocean National Bank of Keene, NH provided the financing package.

We are particularly pleased with this sale as it represents bringing together two organizations for a synergistic relationship, and they will continue to provide fabrication capabilities to a wide range of industries.

In cooperation with Ray Davis Realty of Colebrook we are pleased to announce the sale of Lewis Oil Co., of Colebrook, NH, to TransEdge Energy, LLC, with principal offices in Purcellville, VA, and an association with Blade Energy Partners of Frisco, Texas.
The Lewis family, represented by Palmer and Ruth Lewis, has been providing fuel oil, propane and gasoline products and services to the north country in the Colebrook & Pittsburg area and south to Groveton and Lancaster for many years. In 2006, they expanded those products and services to the eastern part of the Great North Woods with the acquisition of Errol Oil Co. Palmer and Ruth are now looking forward to a well-earned retirement after working with TransEdge Energy to accomplish a smooth transition for customers and vendors.

TransEdge Energy, represented by Steve Mesthos and John Forrest, plan to maintain the same quality of service as Lewis Oil, and expand on the products and services to a larger geographic area.

Stan Evans of our office and Ray Davis of Ray Davis Real Estate, Colebrook, NH, represented the sellers, and worked with the buyers to bring this transaction to a successful conclusion. Henry Stebbins, Esq., of Stebbins, Lazos, and Van Der Beken, Manchester, NH, handled the closing. This is one of a series of successful collaborations we have had with Ray Davis and his organization.

After the initial negotiation of the major terms of the deal there was a significant amount of additional negotiation with a variety of Texas corporate legal advisors of the buyers in order to properly structure the sale to meet their objectives without damaging the interests of the Seller.

The initial listing of the business was in March 2006, with a first contact by the buyers in November, 2006, a “showing” visit in January 2007, and a final closing on July 9, 2007. As these types of sales go this was a relatively quick sale. Reaching out thru the internet to a worldwide audience brought in these buyers, and is where the bulk of our customers come from these days.