We were originally retained in this relationship to consult on the possible acquisition of a business that included a real estate component. In this situation, it was real estate that was a larger than normal concern. Overall, this project was not a bad play if all the cards fell right. However, once we dug into the municipal regulations, compliance issues that could come up, along with market dynamics, location and property condition, the recommendation became clear. This was not an ideal situation.
But the opportunity to establish a manufacturing facility that could support southeastern region sales and distribution was still a viable opportunity to pursue. We began a thorough review of the SE region and physically viewed several sites that met specific criteria that we had established as a team.