Gilman Ciocia merged with National Holdings Corporation

  • Background:  Headquartered in Poughkeepsie, New York, Gilman Ciocia provides financial planning, accounting, income tax preparation, and asset management services in the U.S. Specifically, the Company provides financial planning services to individual investors, tax preparation services to individuals in the middle and upper income tax brackets and accounting services to small and midsize companies.
  • Cassel Salpeter:
    • Served as financial advisor to the Company
    • Ran a competitive sales process, identifying and contacting over 70 strategic and financial parties
    • Issued a Fairness Opinion in connection with the transaction

Challenges:

    • Positioned a unique public company with formally combined financial planning and tax preparation services on the same premises
    • Maximized value and provided an exit for private equity investors and shareholders, while maintaining stability amongst financial planners and tax professionals
  • Outcome: In October 2013, Gilman Ciocia, Inc. merged with National Holdings Corporation, a financial services organization based in New York, NY.

Other Venture Capital Organizations

 

Entrepreneurship & Venture Capital in Florida

Venture Capital sources in Florida include both local “Angel” or early-round investors and Venture Capital firms that invest in the state. Many of the latter are located in Florida but many others are located outside the state but have shown an interest in investing in the life sciences in Florida.

All investors focus on certain types of business and specific geographies, and they clearly state their investment focus on their website, so you should investigate that before contacting them.

 

Onion Crunch received equity financing from strategic investors

 

  • Background: Headquartered in New York, NY, Onion Crunch is an all-natural and Kosher crispy, crunchy, fried onion topping in the United States. Onion Crunch is a consumer product goods company specializing in building a brand in the foods industry.
  • Cassel Salpeter:
    • Served as financial advisor to the Company
    • Identified and introduced strategic investors
  • Challenges:
    • Introduction of international product into U.S. market under a new brand
    • Novelty food products in a highly-focused segment
  • Outcome: In January 2013, Onion Crunch received equity financing from strategic investors.

Wolper Sale Dec 2012

Dever Sale Dec 2012

Wolper Subscription Services has been acquired by LM Information Delivery

 

  • Background: Headquartered in Easton, PA, Wolper is a full-service information management resource, providing customized solutions for subscription management and related resources including print and electronic, foreign and domestic magazine and journal subscriptions, as well as books and e-books, databases, site licenses, and state-of-the-art information management tools.
  • Cassel Salpeter:
    • Served as financial advisor to the Company
  • Challenges:
    • Family business needing larger platform to continue to compete with growing U.S. competitors
    • Significant cultural differences with purchaser created many deal obstacles
  • Outcome: In December 2012, Wolper Subscription Services, Inc. was sold to LM Information Delivery, a competitor of the Company, with headquarters in Finland.

Dever has been acquired by Von Allmen Capital Partners

 

  • Background: Headquartered in Easton, PA, Wolper is a full-service information management resource, providing customized solutions for subscription management and related resources including print and electronic, foreign and domestic magazine and journal subscriptions, as well as books and e-books, databases, site licenses, and state-of-the-art information management tools.
  • Cassel Salpeter:
    • Served as financial advisor to the Company
  • Challenges:
    • Family business needing larger platform to continue to compete with growing U.S. competitors
    • Significant cultural differences with purchaser created many deal obstacles
  • Outcome: In December 2012, Wolper Subscription Services, Inc. was sold to LM Information Delivery, a competitor of the Company, with headquarters in Finland.

Bluegreen Sale Nov 2012