Lyle Stevermer, president of Meter-Man, Inc., a Minnesota developer and manufacturer of measuring wheels used by surveyors, appraisers, and many other professionals, was approached several times about selling his company. The original device, which Lyle invented in 1963, had since grown into 28 different models which were marketed through major chains like Menards; private-labeled for Home Depot and Lowe’s; and exported to 36 countries. When Komelon Corporation, his South Korean distributor, offered to buy the line, Lyle sought professional help. Handling the complications of extended negotiations was more than he wanted to undertake alone, especially with a foreign buyer. Lyle turned to Jerry Clark and SealedBid, a Minneapolis mergers & acquisitions firm serving privately owned

Join for free to read