WCF Advisors Blog
Category:
Client Success Stories
See how WCF has earned our clients’ confidence with strategic and transactional support and guidance.
Helping to preserve a bank’s legacy and its future
Feb 05, 2024
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Client Success Stories
After John Connolly — the much-loved president of a fourth-generation, family-owned community bank in western Minnesota — suddenly passed away in 2020, the shareholders and management of West 12 Bancorporation and its wholly owned bank subsidiary, State Bank of Danvers, revisited its strategic plan. They ultimately determined the 121-year-old institution would need to acquire or be acquired to keep up with the ever-changing financial landscape.
Challenge
With shareholders and...
2022 M&A year in review
Jan 27, 2023
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Client Success Stories
Wipfli Corporate Finance Advisors, the investment banking and corporate finance arm of Wipfli, experienced a solid year, completing four sell-side M&A transactions across a range of industries. The firm provided custom-tailored solutions to each of its clients to successfully identify and execute on optimal transaction structures and terms, resulting in positive outcomes for all parties involved in each transaction. Wipfli Corporate Finance is proud to have served its clients in 2022 and is...
Amperage Electrical Supply, Inc. acquired by Consolidated Electrical Distributors
Jan 27, 2023
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Client Success Stories
Positioning for an even brighter future
Vito Pelagio was facing a big decision as he weighed the future of Amperage Electrical Supply, Inc., the business he built and grew as sole owner for 25 years. He had taken the company as far as he believed he could since 1997, with sales rising from $3 million in its first year to more than $110 million in 2022, and his number of employees growing from five to 115.
While forever grateful to his mother for helping him secure his first bank loan when he was...
Closet Works’ $21.5 million sale to The Container Store
Mar 08, 2022
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Client Success Stories
Home improvement frenzy creates prime selling opportunity for business owners
When Frank and Tom Happ were ready to sell Closet Works, the Chicago-based company they had bought and transformed over the prior nine years, business was surging. Amid the COVID-19 pandemic, people had hunkered down to create or improve their home organization systems — including closets, pantries, offices, mudrooms and garages — during the home-buying frenzy.
There quickly proved to be a lot of interest...
Selling two family-owned businesses: Security Door & Hardware Co. and Security Builders Supply Co.
Jan 27, 2021
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Client Success Stories
The majority owners of Security Door & Hardware Co. and Security Builders Supply Co., Ron and Russ Benson, had built and grown the two family-held businesses all their lives. Now, ready to retire, the Benson brothers were looking to sell. They hoped to find a new owner who would be a good steward for the businesses, one who would care about their employees and continue the legacy of the two companies.
As longtime accounting clients of Wipfli LLP, the owners decided to engage affiliate Wipfli...
