Kent Baker, Chicagoland Sunbelt Business Broker, Sells Internet Seller of Durable Goods and Parts

Jan. 25, 2013 - PRLog -- Chicago, January 24, 2013 – Chicagoland Sunbelt, announces that Kent Baker, intermediary, completed the sale of a leading distribution business that dominates its category in on-line sales. Revenues had grown steadily over the ten years that they had been in business and all the fundamentals of the firm were solid.  The company diversified its offering in the last several years and this became a very attractive acquisition with new markets and products.  The business sells a highly specialized product line and faced limited competition. The business benefitted from carrying the best lines in the category and their stellar performance led vendors to favor them in pricing and terms. Their timely delivery of products as well as their great technical support set them apart.  
The revenues of the business exceeded $12 million and adjusted EBITDA was over $600,000. Those financial results combined with their pre-eminent position as an on-line business attracted over 200 interested parties and nine offers.

“Buyers are extremely interested in internet and distribution businesses,” said Baker. “They see it as the model of the future. This business was of special interest because it had a solid infrastructure plus many opportunities for growth.  In fact, I still have many buyers interested in acquiring an internet or distribution type of business with solid fundamentals.”

“There is an extremely strong pool of buyers in the market now with ample capital and expertise to buy and manage multi-million dollar businesses,” said Domenic Rinaldi, Managing Director of Chicagoland Sunbelt. “We are in a seller’s market and banks are lending again – we don’t know how long this market will favor sellers but our clients are enjoying nice returns at that moment.”

About Kent Baker

Mr. Baker has a proven track record of successfully leading and growing small businesses.  Prior to joining Sunbelt, Mr. Baker ran a Chicago-based direct marketing firm where under his leadership the company tripled in size.  The firm helped numerous small business owners grow their business through direct marketing efforts. He began his career in the technology field before migrating into sales and marketing.  He has broad experience and functional expertise that ranges from operations, marketing and sales to production, customer service and credit.  At Sunbelt, Mr. Baker has been a stellar broker who consistently assists business owners who want to sell their business and transition to a new part of their life.

Kent graduated from Northern Illinois University with a degree in Operations Management and Information Systems.  He also graduated as a four year starter for the division IA football program.  He is also involved with the HFS Scholar program where he mentors inner city kids.

To see Baker’s complete bio visit: http://chicagolandsunbelt.com/team-baker/ (http://www.chicagolandsunbelt.com/team-baker.htm)

About Domenic Rinaldi

Domenic Rinaldi is the President and Managing Partner of Chicagoland Sunbelt. He was awarded the professional designation of Certified Business Intermediary from the International Business Brokers Association and is considered an expert in the field of business brokerage. He is a seasoned executive who brings over 27 years of proven experience in merger/acquisition, sales, service, marketing and operations to the business brokerage arena.

Mr. Rinaldi began his career at Sprint Corp, where he spent 13 years in sales and operations. His experience as Chief Operating Officer of an e-commerce travel company offered the opportunity to grow a Silicon Valley startup into an international solutions provider. Additionally, Domenic’s small business experience running a New York City technology company gave him firsthand knowledge of the challenges facing business owners.

Mr. Rinaldi is recognized by colleagues and associates as a leader with determination and integrity. He has helped countless business owners develop, execute and maximize their exit strategies. The business press frequently turns to Mr. Rinaldi as a subject matter expert in small and lower middle market transactions in Chicago. http://chicagolandsunbelt.com/merger-acquisition-services/

About Chicagoland Sunbelt

Chicagoland Sunbelt is a business brokerage firm that focuses on helping people buy, grow and sell businesses in Chicagoland and the surrounding Midwest. Having sold hundreds of businesses, Chicagoland Sunbelt specializes in a broad range of industries, including business services, distribution, food & beverage, franchises, personal services and retail. Its experienced team of M&A brokerage consultants also develop and execute comprehensive strategies designed to meet individual financial and non-financial goals.

Chicagoland Sunbelt is also a proud member of Sunbelt Midwest, which operates offices in Minnesota, Wisconsin & Illinois, For your next business purchase or sale, visit Chicagoland Sunbelt at http://chicagolandsunbelt.com