David Kay, President – Alameda Pipe & Supply (Seller)

Please let this letter act as a Letter of Recommendation for Matt Coletta. I am the third generation owner of a 76 year old Wholesale Pipe & Supply Distribution Business. After 30 years of running this business, I decided to sell. I did a lot of research and realized there was a lot involved in selling a business. I interviewed several Business Brokers and was not comfortable with what I was hearing. I came across Matt Coletta’s website and contacting him. Matt spent a fair amount of time discussing his process and outlined several things that I should be thinking about. After a couple conversations on the phone, we set up a meeting at my facility. I was immediately impressed with Matt’s experience and knowledge. He was the only person I spoke to that clearly answered my questions and backed up what he said. Matt reviewed my financials and pointed out some things that I was not aware of. Matt then suggested several things to help me prepare the business for sale which ended up being crucial in the long run.

I hired Matt and he quickly went to work. He prepared a detailed financial spreadsheet outlining the financial history of my company including the cash flow. He also prepared a thorough package that outlined all the details including the company history, our product line, our customer base and more. This also helped us be better prepared for when we had a buyer in place. Once this was completed, Matt went to market. I was very particular about who I wanted to sell my business to. I felt that the buyer needed to have a certain background and ability. Matt was persistent and never discouraged. He brought several buyers to me over a year and half time period until we found the ideal candidate.

Matt was able to negotiate a fair deal for both parties. Matt seemed to always know what was going to happen next and prepared me for all the steps involved in this process. He handled all the paperwork and contracts including the lease agreement for my property as well as assisting the buyer with obtaining a SBA loan, which was a major challenge in itself. Everything was handled in a timely and professional matter and we successfully closed escrow in July 2014.

Knowing what I know now, there was absolutely no way I would have been able to do this on my own. I would defiantly recommend Matt to anyone looking to sell or buy a business. He is a true professional.