The acquisition market continues to stay heated
Jersey City, NJ (PRWEB) December 21, 2006
Clear Rock is pleased to announce the sale of Cellgear.com, one of the nations leading internet retailers in the highly competitive cell phone accessories category. Clear Rock initiated and advised on the transaction. The company has been purchased by a private buy-out company. Terms of the sale were not immediately disclosed.
Clear Rock advised on all aspects of the sale, to include valuation of the business, development of a professional marketing plan, generating a competitive bidding process and screening offers from multiple buyers. Additionally, Clear Rock provided oversight to all aspects of due diligence, ensuring a smooth process leading to closing.
Cellgear's President, Ron Tsantker, stated, "We are extremely pleased that we chose Clear Rock to sell a business. Clear Rock did a wonderful job leading us through the entire process. They were insightful and helpful at every turn. We were impressed with their ability to generate a large number of qualified buyers, and their skill in managing the entire process end to end."
"The acquisition market continues to stay heated," noted Clear Rock President Dan Doran. "There remains a very strong demand for well priced, well run companies like Cellgear. We find this to be true for e-tail and internet business like Cellgear, as well as other more traditional businesses."
Clear Rock, with offices in Jersey City, New Jersey, is focused helping business owners sell their businesses in the New York Tri-state area. Owners seeking to sell your business, a Clear Rock professional can assist them through the process. Clear Rock helps owners establish a price for their business, markets their business to a wide range of qualified business buyers, and guides an owner through negotiations and closing.
For more information contact Clear Rock at 201-433-0679.