RCU Forums - View Single Post - BVM Sold
Thread: BVM Sold
View Single Post
Old 09-20-2016 | 05:00 AM
  #5  
ChuckC
My Feedback: (24)
 
Joined: Jan 2002
Posts: 654
Likes: 0
Received 1 Like on 1 Post
From: Friendswood, TX
Default

This is standard, good business-transition practice. As terms of the sale, and to protect the investor's interests, the buyer gets the previous owner to stay on-board for a period of time to ensure existing customers are taken care of, new ones are treated with the same expected customer service level and other aspects of the business, e.g. quality control, are held to the same standard. Eventually the old owner turns over control, usually gradually and may even be a representative, if he's interested and still agrees with the new business paradigm. I'd expect something like a 12 month phase-over. As a guess, but the above are right - this is private, not our business just affects what's available for our consumption.