By: Deborah Johnson Wood
NuVescor Group, a Grand Rapids merger and acquisition advisory firm formed two years ago, has already tripled its staff in that time and logged some $125 million in acquisitions volume last year. In the past eight months, the firm added four managing directors and a marketing director. As a result of the growth, company leaders plan to add two administrative assistants, including an executive-level position.
NuVescor, located in Bridgewater Place, works with both buyers and sellers of businesses that post annual revenues between $5 million and $200 million. The firm’s highest concentration of manufacturing clients is in the Midwest, in industries including aerospace, technology, automotive, construction and medical devices and suppliers.
“We fly under the radar because sellers don’t want the open market to know their businesses are for sale,” says Kevin Hirdes, managing partner. “The owners are about to make the largest transaction of their lifetimes and they want to be certain that transaction is placed in the hands of a company that can handle it well and confidentially. It sounds old fashioned, but our mission is integrity, confidentiality and timely results.”
Because of that trust level, Hirdes says the character quality of a potential employee takes precedence over an impressive resume. That said, many of the people on staff are former CFOs and VPs, and have previous experience at Chicago accounting firms and the U.S. Treasury.
Hirdes says the company is considering in-state and out-of-state locations with populations of 250,000 or more as a possible hub for a second office location.
Source: Kevin Hirdes, NuVescor Group
Deborah Johnson Wood is development news editor for Rapid Growth Media. She can be contacted at [email protected].
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