Doug Hubert and Don Schaeffer, executives who were responsible for running the investment banking practice of CBIZ (NYSE:CBZ) for the past decade, have formed a new boutique mergers & acquisitions advisory firm called De NES Partners and have simultaneously purchased the assets of the CBIZ Mergers & Acquisitions Group.
De NES Partners focuses on representing owners of businesses that have revenue between $10 million and $250 million and EBITDA between $3 million and $25 million. The typical customer of the firm will be a single or multi-generational family owner that has completed an estate or succession planning process, has received an unsolicited offer from a strategic or financial buyer, or has the need to buy out a partner or family member. De NES Partners is based in Atlanta (www.deNESpartners.com).
Sectors of particular interest for the firm include branded consumer goods, building products & services, business services, chemicals, financial services, franchise, industrial products & services, niche manufacturing, value-added distribution, healthcare, retail, specialty construction, technology & media, and water treatment.
As part of its formation, De NES Partners has established an alliance with Janney Montgomery Scott, a financial services firm with offices throughout the Eastern US as well as Chicago, Dallas, and San Francisco.
Doug Hubert and Don Schaeffer have completed transactions across the full spectrum of manufacturing, distribution, and company-to-company business services and have sold clients to companies listed on the NYSE, NASDAQ, Toronto, Irish and London Stock Exchanges, as well as numerous private equity firms. Messrs. Hubert & Schaeffer have more than 40 years of combined mergers & acquisitions advisory experience.
“We are excited at the opportunity to establish an independent advisory firm and to continue representing some of the finest business owners across the country in sale and merger transactions. We believe that our experience, deep buyer contacts, perspective and judgment at the core of our advice are of considerable value to our clients, many of whom are pursuing M&A transactions for the first time in their lives. Additionally, we are pleased to partner with Janney Montgomery Scott, well-known for their investment bank services, to help strengthen our product offerings,” stated Messrs. Hubert and Schaeffer.
De NES Partners is named in honor of the street where capitalism was born, THE NES (or NES) in Amsterdam, The Netherlands – the Dutch East India Corporation was the first corporation to ever sell its shares from a house on the NES – in 1602.
© 2014 PEPD • Private Equity’s Leading News Magazine • 2-18-14