Friday, November 8, 2013

Finally, a Good Time to Sell the Business

Three years ago, Peter Schoon of Orono, Minn., wanted to sell the technology-services firm he founded with his wife and retire. But the economic downturn put those plans on hold as the company's valuation took a hit. In March, however, the 64-year-old Mr. Schoon finally handed over the keys to System Support Solutions Inc. to buyer Jon Von Rentzell, a laid-off operations executive who financed more than half of the deal with a loan backed by the U.S. Small Business Administration.

http://online.wsj.com/news/articles/SB10001424052702304682504579153573588055100

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