LockeBridge, LLC advised Y&B Corporation, an operator of fitness centers, on the sale of their Gold’s Gym holding in Salem MA. LockeBridge was hired by Sunbelt Business Advisors, one of the largest small business advisors in the country, to execute the transaction. The sale was executed in approximately four months from the date of engagement. According to Mr. Glenn Anthony, Y&B CEO, “The price was about 15% higher then we had tried to get on our own and had much better payment terms.”

LockeBridge,LLC, was engaged to advise Burnett & Moynihan, Inc. on the sale to management. The Company is a supplier of building products in the Metro Boston area.

LockeBridge Investment Banking announces the execution of a multi-national merge of 3 medical device comapanies. According to the owners, tremendous synergies wer realized creating a highly valuable transaction.

RF Medical Devices, Mercury Medical Products (d/b/a Precision Medical Engineering) both Massachusetts corporations and Neurotherm, LTD, a UK based company, announced the acquisition of the Companies by RDG Medical Holdings, Inc. The three companies sell medical devices and consumables primarily utilized in radiofrequency ablation of spinal nerves that are the cause of back pain.

The deal, funded by a New York based private equity group, “received tremendous World Wide response”, according to Mr. Scott Waxler, Managing Director of Lockebridge, LLC. At the time we were engaged by Sunbelt Business Advisors to execute their larger deals. We received over 80 inquiries ranging from multibillion dollar strategic buyers to small foreign Private Equity Groups. After sending out over 30 descriptive memorandums and receiving over 10 offers in only 8 weeks we decided to pull the offer off the market. The entire process from client engagement to closing took 7 months. This is very short for any company valued $25 – $50M let alone a roll up of 3 companies with one being internationally based.

Mr. Matthew Nekoroski, President of RF Medical Devices, and Precision Medical Engineering comments, “ we spoke to some very prestigious investment banking firms before engaging with Mr. Waxler. Prior to the role-up the three companies were valued individually at a total of $13M. Mr. Waxler proposed the role-up explaining that the synergies where substantial and as a result would achieve a valuation, in his opinion, of over $20M. We were all skeptical but in the end we obtained a price exceeding the $20M estimate. Mr. Waxler told us that he could never guarantee to sell any company but he would guarantee to get us in front of the best strategic and financial buyers in the world, and he did exactly that plus some.

Neurotherm, LTD has been in business since 1978. Located in the U.K., Neurotherm, LTD is the developer of a radio frequency generator marketed for the purpose of ablating spinal nerve causing back pain. The Company markets the product directly in the UK and through distributors in 20 other countries.

Precision Medical develops and markets consumables to the pain market. Established in 1980 Precision Medical sells to both distributors as well as direct to hospitals and pain clinics.

RF Medical Devices is the United States distributor for Neurotherm,LTD. Headquartered in Massachusetts, RF Medical sells to some of the most prestigious hospitals in the world.

Whitbread Technology Partners (“Whitbread”), a Boston, Massachusetts based Oracle consulting firm announced the sale of the firm to Zanett, Inc., a New York based, NASDAQ listed information technology holding company.

According to Mr. Joel D’Arcy, former Whitbread President,

“I was pleasantly surprised at the volume of activity that Mr. Waxler, Managing Partner of LockeBridge, and his team produced. We received numerous bids from all over the world. Mr. Waxler was able to coordinate the process so that the offers were submitted within a relatively close time frame. As a result of the pre-sale consulting we received from the team and the exposure to global bidders, the offers significantly exceeded our original value expectation.”

The pre-sale consulting facilitated the identification of several growth areas that were perceived as highly valuable to potential buyers and resulted in premium pricing over the value of our historical performance. Early on, we received an offer that was in line with our expectations; however, Mr. Waxler suggested that we decline the offer and thought we could do better. Our attorney commented that it was the first time he ever heard of the intermediary recommending not to take an offer. We ended up receiving seven more offers from strategic buyers around the world and negotiating a price that was substantially higher than the original offer….“

NEW YORK–(BUSINESS WIRE)–March 2, 2005– Zanett, Inc. – (NASDAQ: ZANE – News), today announced the acquisition of Whitbread Technology Partners (“Whitbread”), a Boston, Massachusetts based Oracle consulting firm. Whitbread is one of the strongest Oracle Partners in the New England region, and Zanett plans to use Whitbread to expand its national Oracle practice.

“Zanett’s business model is truly unique,” said Joel D’Arcy, founder of Whitbread. “The IT Commonwealth will provide Whitbread with the financial clout, leveraged marketing and back office efficiencies that we believe will propel it from a regional consultancy to one with national scope. Whitbread complements Zanett’s current businesses well and we are pleased to become members of this growing organization.”

David McCarthy, CEO of Zanett, noted, “The Whitbread acquisition is a further validation of our strategy. We continue to attract successful consultancies that increase the depth and breadth of the IT Commonwealth. Not only does Whitbread have a proven track record and outstanding reputation, but their Oracle practice strengthens the existing enterprise resource planning (“ERP”) capabilities of our IT Commonwealth member INRANGE Consulting.”

Whitbread was founded in January 2000 to offer custom ERP/CRM solutions to customers using the Oracle E-Business Suite software applications. Joel D’Arcy, the company’s founder worked previously for Oracle as a Practice Director. Based outside Boston, Whitbread’s operations are focused in the New England region. Oracle has recognized the performance of Whitbread on both a regional and national level, awarding Whitbread its highest recognition as a Certified Advantage Partner. Whitbread’s key service areas include; project management, business and functional consulting, technical services, application support, and training.

Zanett, Inc. is an information technology (IT) holding company that provides specialized IT solutions through its operating subsidiaries. The Company has two business segments: Commercial Solutions and Government Solutions. The Commercial Solutions segment consists of its wholly owned subsidiaries: Back Bay Technologies, Inc., a technology consulting firm; INRANGE Consulting Corp., Inc., which provides technology consulting services related enterprise resource planning, supply chain management and customer relationship management (CRM) solutions, and Delta Communications Group, Inc., a voice and data communications network integrator. The Government Solutions segment consists of a wholly owned subsidiary, Paragon Dynamics, Inc., which provides advanced software and satellite engineering services.