| • 8/21/2009 | 2009 Record Year for Business Valuations |
| Compass Point's Fred Hall been busy in 2009. He's done 23 valuations so far, about half for SBA bank loans. Most banks already had a policy of getting a valuation done, but new regulations say they HAVE to have one done, and it must be from an accredited appraiser. He has done a few for C-corps that are converting to S-corps (to get an estimate of the value of Goodwill at the time of the election), and he's done a few for owners of companies who were tapping their 401k to financing their business. People are using their 401k's not only to purchase businesses but also to get additional financing for their existing companies. Fred's most involved case was a valuation of a minority shareholder's interest in a large engineering company who was going through a messy divorce. He was on the witness stand giving expert testimony for almost 4 days. | |
| • 1/10/2008 | Ney Grant Published in online version of Washington Post |
Compass Point's president, Ney Grant, authored an article titled, "How to Sell a Business Without a Business Broker" (yes, you read that right) which was published in the online version of the Washington Post. You can read a full copy of the article here.
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| • 12/6/2007 | Graeme Plant Joins Compass Point |
| Graeme Plant, currently on the Compass Point Advisory Board, joins Compass Point as a Partner, helping Compass Point clients buy and sell businesses. Graeme retains his position as the managing director of the El Dorado Hills Technology incubator, and also currently serves on the board of several northern California growth companies. Prior to joining Compass Point, Graeme was a co-founder in Auburn CA startup Little Mountain Group, which was sold to a public company in 2003. Graeme has an engineering degree from UC Davis and an MBA from UC Berkeley. | |
| • 10/2/2007 | Ney Grant Published in Businessweek and CBSNews! |
Compass Point's president, Ney Grant, authored an article titled, "The
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| • 9/30/2007 | Compass Point Closes $5.75 Million Stock Deal |
| Ney Grant, President of Compass Point Capital, announced today that the deal, in which a letter of intent was signed in February of 2007, closed and formally changed hands on August 31st as a stock transfer transaction. The new buyer, formally the chief operations officer of a larger steel company, will implement new accounting and inventory systems and will continue to grow the company. The multi-million dollar steel company started as a wrought iron fencing company, and quickly grew to a leading provider of structural steel for schools, churches and commercial buildings for the northern California market. Private equity groups sought to purchase this company, but the strength and experience of the private buyer convinced the seller that the company would be in the best hands with him. Ney Grant said, "It is not often that we have a business buyer that has the relevant experience that this buyer has. The SBA lender was also extremely impressed". | |
| • 8/10/2007 | Graeme Plant Joins Advisory Board of CPC |
| Graeme Plant, a succesful entrepreneur and "angel investor", is a director at the El Dorado Hills Technology Incubator and is on the board of directors of several California growth companies. Compass Point president Ney Grant said, "As part of our M&A business we run across young firms that don't wish to sell, but require additional capital to grow the company. Graeme is an experienced investor with relationships with other angel investors and venture capital firms. Graeme can advise and assist some of our younger companies, if not actually invest in them". | |
