RED BANK, N.J. - eTradeWire -- Woolston, Jensen, & McNamara, LLC (WJM) has recently assisted long-time client and professional engineering firm based in New York City with a successful acquisition for their company which was valued at $18,000,000. Senior Partner, Charles T. Woolston, CPA, MST led the WJM team during the due diligence period of the sale and was instrumental in securing key conditions of the contract, leading to an acceptance of the offer.

When a closely held company sells such as this client, ownership is departing with an asset which can have ties beyond financial. For some business founders the concern of losing control and influence in direction becomes areas of potential roadblocks to a successful merger or acquisition. By directly negotiating and establishing the key conditions, such as targeted benchmarks, including tangible net asset values, payment terms, escrow balances, and fair value determinations of hard assets, the WJM team ensured their client received the value for what they had built in the company and a continued input for future direction.  The inclusion of such attributes amplified their client's satisfaction and solidified the final deal agreement.

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Mr. Woolston's more than 35 years of experience in successful negotiation of mergers and acquisitions have led to deals up to $50 million in sales price. By leveraging that experience he skillfully traversed this latest transaction in favor of his long-time client. Many of the WJM clients involved in this area of service by the firm have been long time accounting and tax clients. However, in some cases, company founders specifically seek out the services of WJM, due to the firm's experience and stellar reputation, and hire the team to represent their company's interest in the due diligence process of a sale. The Woolston led WJM group deploys  careful analysis to determine a fair asking price, pinpoint the most favorable tax structures, evaluate financial and cash flow impact, and assess compatible business functions and tactics for a successful sales outcome. WJM would like to congratulate their long-time client on this successful acquisition.

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Woolston, Jensen, & McNamara, LLC is one of the leading accounting and consulting firms in the mid-Atlantic region, but also serves clients throughout the United States. The growing accounting and consulting firm continues to provide quality, personalized financial guidance to individuals and businesses. Its expertise includes tax management and accounting services encompassing individual, business, and estate and trust planning and compliance, strategic business planning, exit strategies for small businesses and investment wealth management, with an affiliate company Salvus Wealth Management, LLC.