Dega Systems
How our valuation and partner transfer advisory services helped Dega Systems transition out one of their founders and leaders so they could both move on to their next life stage.
Dega Systems provides stress free managed IT Services to both nonprofits and for–profit companies alike. They’re passionate about helping those whose job and mission is to change the world for the better. They’re a Minority/Women-owned Business Enterprise (MWBE) certified and to serve the New York/New Jersey region and beyond.
After 20 years, Dega Systems was facing a major leadership change and transition. One of the founders was ready to move on to other work projects. They learned of iTV via their peer group and reached out to engage them for a valuation and partner transfer advisory services.
How We Did it
We engaged them in the partner transfer advisory services process, which begins with a valuation. After the valuation, they had the information they needed to decide whether to move forward to phase II of the transfer.
After reviewing their valuation together, we drafted a statement of intent. Then we walked them through the due diligence and negotiations process to make sure the transfer was mutually beneficial. Then, we developed all the transfer definitive agreements including a revised operating agreement. Then, we finalized the exit operational transition plan.
Results
The partner transfer was successful. The exiting founder was able to move onto the next phase of his life. The staying partner was able to implement his vision for the next stage of the company’s growth.