FOR IMMEDIATE RELEASE
Richmond, VA – (November 7, 2006) Transact Capital is pleased to announce the acquisition of RAM Development Corporation by Wayne Feigenbutz of Richmond, VA. Transact Capital served as the exclusive financial advisor to Mr. Feigenbutz and assisted him in structuring, obtaining and negotiating the financing for the acquisition. Popular Small Business Capital provided the financing, Meadows Urquhart Acree Cook & Walls, LLP provided accounting support and Hirschler Fleischer provided legal support.
Founded in 1984, RAM Development is a well established and successful underground utilities construction company based in the Northern Virginia Suburbs of Washington DC. The company works closely with an extensive client list of developers, contractors, and municipalities in the installation of water and sewage related infrastructure on new developments.
According to Wayne Feigenbutz, “acquiring a company has been a long life dream of mine and after running a major division of a well known company, I was ready to take the plunge. Dave Phillips, Vice President of Popular Small Business Capital was the lender and reported that “all transactions should be like this one. The buyer had a long track record of success in the industry. The acquired company was performing well. And an “A Team” of legal, accounting, and financial advisors helped the buyer complete a transaction that worked for everyone.”
Transact Capital is an independent mergers and acquisitions advisory firm headquartered in Richmond, VA with offices in Roanoke, VA, Lexington, KY, and Orlando, FL. Transact focuses on the needs of small privately held companies with less than $100 million in revenues. With extensive experience in owning, running, or investing in private companies or divisions of public companies, the firm’s principals are able to help many business owners exit their companies or explore other opportunities.
To learn more about Transact Capital, please call Steve Zacharias at 804-323-6868 ext. 102 or send an e-mail to Steve at Steve@TransactCapital.com.