Client Description

Based in Scottsdale, AZ, Beneco offers bundled administrative, record-keeping, and trustee services with benefit plans for contractors that perform prevailing wage work.

The Winning Solution

Principals of Genoa Partners worked to get the business “transaction ready”. This required bringing in outside consultants to solve numerous financial and accounting issues facing the Company. When ready, a confidential, streamlined sale process targeting both financial and strategic buyers resulted in numerous competitive Letters of Intent being submitted. After additional negotiations to improve the offers, the Owner chose the buyer that provided a quick transaction close, delivered substantial proceeds and provided the best transition for existing management.

Buyer Description

Founded in 2001, Alpine Investors is a San Francisco-based private equity firm with $8.01B in assets under management. The firm prefers to invest in companies operating in the healthcare, media, software, and consulting services sectors.