Ownership Transfers to Long Term Employees

MANCHESTER – Business Transition Strategies, a division of New Hampshire Business Sales is pleased to announce the acquisition of Surplus Office Equipment, by Jeff Gagnon the owner of Office Alternatives, LLC.

Mr. Gagnon is a 15 year employee of Surplus Office Equipment. The management buyout transition between former owner Gagne and his employee was coordinated by BTS, which works with business owners across the state to accomplish their goals.

The transaction, finalized March 9, keeps the company in familiar hands while preserving jobs and maintaining the long term business relationships that have contributed to the company’s success.

Surplus Office Equipment, a 27 year old company, is Northern New England’s largest pre-owned office furniture dealer, and is poised for further growth in its new location at 186 Commercial Street, in the heart of downtown, with an additional location in Nashua.

The acquisition was funded by Centrix Bank and the financing was coordinated by Kevin Finke.

What our clients are saying...

“Regarding our working relationship with Business Transition Strategies. After 32 years of continuous growth we hit 2009 & 2010 and like many companies we went flat and in 2010 had our first loss. At this point we knew we had to make changes if we where to succeed in this new economic environment. Business Transition Strategies (BTS), particularly John Howe and Ken Schaefer, were brought on as consultants. The BTS team came in, evaluated everything in a professional and thankfully non-threatening manner. They interacted with all employees and our professional partners. Once this was done they presented their findings to the executive group and gave very specific suggestions for improvements. This done and a plan in place, John & Ken continued to help us move forward and implement changes and make adjustments where needed. I am happy to say we are back to being a growing and profitable business and I believe BTS played a big part in making this happen. I would recommend to anyone that they include BTS as part of their business plans for the future.”

- Christina

Advisory Client