LockeBridge LLC, a Boston area investment bank focused on mergers, acquisitions, divestitures, valuations and capital raises, announced today that it has acted as the exclusive financial advisor to U.S. Business Interiors (“USBI”) on its sale to Dancker, Sellew & Douglas, Inc., (“dancker”). Located in Maryland for almost 30 years, USBI is a leading office furniture distributor which has completed projects in all 50 states, as well as in various locations around the globe.
New Jersey based d was founded in 1829 and is one of the country’s oldest privately held companies. Dancker, a 5 year platinum partner for Steelcase and one of the nation’s largest commercial interiors firms integrates architectural, furniture, technology and logistics solutions as a one-source provider to corporate, education and healthcare facilities throughout the Northeast and across the country.
Mr. Steve Lang, President and CEO of dancker, commented, “We are very proud to be adding the talented team at USBI to our organization. Our teams share a customer-driven value system and commitment to provide innovative solutions to address today’s business challenges.
“Closing deals in the middle market have their own unique challenges and are often fraught with emotions from both buyers and sellers. Knowing the players, vetting out the right buyer and navigating the ebb and flow of the deal through a host of trusted advisors can be grueling work. Getting a deal closed is no small feat and LockeBridge is uniquely capable of producing success in this arena. Richard Vaughn possesses an uncanny ability to stay focused on the end game and encourage everyone else do the same. Richard’s level of expertise and almost daily advise proved to be an invaluable resource. I would strongly encourage both buyers and sellers to invest in LockeBridge. A deal that doesn’t close isn’t a deal. These guys know how to get it done.”
Commenting on Mr. Lang’s statement, Richard Vaughn, LockeBridge Managing Director stated, “ It is not unusual for our sell-side clients to have mixed emotions. As trusted advisors we generally go way beyond the transaction itself, providing advice on issues such as employee participation in the proceeds of a sale, tax mitigation strategies and always offering a good listening ear. As a practicing attorney, as well as an investment banker, I have learned that in critical events a trusted and empathetic sounding board is often invaluable to the client.