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Tulsa, Oklahoma — When CBI engages with a client, it’s not simply a business transaction. To our team, it’s the opportunity to establish a partnership to help bring value to an organization as they look to grow, expand or sell.

Recently, we were able to capitalize on such a partnership when past client, Devin Wanzor from Lektron Branding Solutions, turned to his trusted CBI Tulsa team. In building his business, he decided that he needed to release his apparel printing division to provide more strategic focus to his main product offering. And with the year-end quickly coming to a close, he had an accelerated timeline that demanded a more direct, pick-up-the-phone approach to connect with buyers. CBI Tulsa did just that.

“Leveraging our network of professional apparel printers in the area, we were able to reach out to Cole Cunningham at Mythic Press,” explained CBI Intermediary Cullen Koger. “Growing exponentially year-after-year, he saw this as an opportunity to increase his book of business even further, while also gaining new equipment to meet his production needs.”

CBI was able to broker the deal within a few weeks, so both the seller and the buyer could start the new year fresh and full of enthusiasm.

“Opportunities like this highlight the importance of why we put our clients first and never consider our partnerships with them as one and done,” explained Tulsa CBI Owner Roy Still.

Firm completes targeted acquisition of Push Holdings To Establish North American Footprint With $25 Million Deal

Little Rock, Arkansas — Little Rock native and Weyland Tech CEO, Brent Suen, recently placed a $25 million bet on the explosive mobile app industry.

The company made a strategic acquisition of Push Holdings, a privately-held subsidiary of ConversionPoint Technologies (CPT), in an all-stock deal worth $25 million.  The deal closed January 9 and establishes an important North American footprint for Suen’s company and provides more access to a market where mobile-first consumption is exploding among all age groups.

Consideration for the transaction is comprised of 35,714,285 shares of Weyland Tech common stock priced at a premium to the current market valuation. Of the total consideration, 28,571,428 shares are payable to CPT upon closing, with the balance of 7,142,857 shares payable subject to the achievement of certain performance milestones and other criteria. The acquisition includes approximately $1.5 million in cash on Push’s balance sheet to support the transition and integration, as well as the launch of CreateApp in the U.S.

“We continue to believe Push will be a highly transformative acquisition on multiple levels, and will drive strong revenue growth and market expansion,” said Suen. “Push’s eCommerce platform is highly synergistic to our existing mCommerce technologies, particularly with CreateApp and AtozGo. Our respective offerings are both mobile-friendly and can provide complementary products and services, while our technology and revenue models can be seamlessly integrated into a single platform.”

According to ComScore’s recent Global State of Mobile, U.S. and Indonesia represent two of the largest markets for mobile-first consumption. In fact, ComScore reports show U.S. consumer total minutes spent online ballooned by 45 percent from 2017 – 2019. And, of that time online, U.S. and Indonesian consumers spend all but about 10 percent of their time on mobile in apps. Simply put, time on mobile is dominating time spent online like never before and it represents a strategic opportunity for businesses and marketers to reach consumers.

To grow Weyland Tech within the North American market, Suen turned to Confidential Business Intermediaries, a business brokerage firm located in the midsouth that specializes in business sales, targeted mergers and acquisitions. Within the Central Arkansas CBI offices, Suen looked to his fellow Little Rock residents and family friend Ashton Woodward for trusted counsel. Ashton and CBI Sr. Intermediary Shep Campbell went to work researching the opportunity, reviewing best-fit brands and serving as trusted advisors to the deal.

“It would have been easy to bring in a New York or Silicon Valley advisor but it’s about the people – Shep and Ashton dug in, took a unique approach to valuation analysis and got us to the finish line with attitudes that were fantastic,” said Brent Suen, CEO of Weyland Tech. “We’re thankful to Confidential Business Intermediaries Shep Campbell, Ashton Woodward and the support team at CBI for advising on the acquisition of Push Interactive.”

Personal attention is a trademark of CBI, explained Sr. Intermediary Shep Campbell. “Our business is built on trusted relationships and a passion to support sellers and buyers every day as we guide them on transitioning in or out of businesses,” Campbell said. “The only job we have is to help our clients reach their goal.”

CBI offers a range of services to enable selling or buying businesses including its targeted acquisition, confidential auction and other main street and middle market sales and financial lending tools, explained Central Arkansas Office Owner Connor Grimes.

“Working alongside Brent, a long-time friend and respected business executive, was deeply rewarding as it allowed us to help his team identify future growth through our targeted acquisition processes,” explained CBI professional intermediary Ashton Woodward. “As a consultant to Brent we identified the criteria for target companies and then worked alongside his team every step of the way.”

If you are searching for the perfect opportunity and haven’t found a fit with any of our existing, operational, businesses for sale, consider buying a franchise. Put the CBI Franchise Consultants team to work to help you find the best opportunity for you and your budget. Watch our video to learn more!

CBI offers amazing businesses for sale. Check out our featured listings from our December newsletter and learn more about our Buyer Resources.

Sometimes the very best gifts are the ones we buy for ourselves. Make your dream of ownership a reality by purchasing a business listed by CBI.

Want a printable copy of CBI’s Seller Checklist? Complete the form below for your free download. Note: We won’t sell your contact detail!

The realm of digital store fronts can be complex and there are some examples of small businesses getting into hot water when it relates to copyright infringement and ADA Compliance. My firm, OSIYO, provides SEO consulting support for businesses in the Oklahoma/Arkansas region and I routinely work with my clients to help them be aware of these potential missteps.

For overzealous litigators, copyright infringement and ADA compliance could be costly to small business owners.

While there’s a lot of emphasis and desire to use strong visuals and impactful imagery when communicating about your brand, there’s a downside if not handled properly.

The danger, however, is that sometimes googling an image to use may seem quicker and easier. But, it comes with a great deal of risk and liability to you and your business. Simply put, it’s not legal. You don’t own it. And, be warned. There are larger organizations who have the staff and resources to sift through countless sites and posts to flag their content and, when discovered, can and often, do, take legal action.

The better solution is to take time to create your own collection of photographs, video and other visuals. But, if you don’t have the time or the talent to do that yourself, you may need to consider for-purchase subscriptions. 

We like this infographic created by Visme that serves as a helpful guide on correct image usage.

Further, I recommend checking with your website developer to ensure all images used on your site are in compliance.  Note that if they used images that were licensed to them, this may not be accepted to be used on your website.  

The Americans with Disabilities Act (ADA) extends to the digital realm, too. And, for small business owners, that means expanding web content access to all users. For small business owners, especially those that are ADA Title I or ADA Title III, the first step to consider is your website. Some first steps could include focus on aspects of the site that provide for text transcripts, alternate text tags, easy and organized layout.  There are some plugins that help to address most of these issues.  One that I have started using is a WordPress plugin Want to learn more? Click for a great overview on the topic or give me a call.

  Randy Bacon Founder | Osiyo Digital Marketing & SEO

By Jon Holbert

All small business owners want to know whether their marketing campaigns, social media presence, website updates and personal networking efforts are yielding results. We’re no exception.  New clients are often asked “How did you hear about us?”  Each time we hear that any one of our marketing efforts connected with a prospective customer, we make mental notes to continue what’s working.

While we know the future and the present is digital, we also understand that ours is a business that’s built on personal and trusted relationships, one business owner at a time.

Because each business is unique, we take time to get to know each owner, understand and learn about their journey as an entrepreneur and what led them to this monumental step of selling. With that said, we’re grateful for every lead, digital or otherwise, but when it’s a referral that originates from a former client, I’ll confess, we’re elated! 

Allow this humble brag: During a recent prospective seller meeting, I asked how they heard about CBI and our team. Their answer? Everyone says you’re the ones to do this for me… 

For them, everyone included trusted mentors, friends and colleagues with whom they spoke in confidence about their future.  And every conversation returned to CBI. I soon learned these recommendations came from three past clients of CBI and one personal friend!  

It’s been said excellence attracts excellence. That concept is one our team understands. Each day, we’re working hard to provide excellent service to our sellers.  At the end of the day we know our good work, proven processes and ethical approach is one of our strongest calling cards.  

Thank you to the 750 owners who have trusted CBI to sell their businesses during the past 25 years. And, thank you for sharing a positive review of our work with others. At CBI, we’re so grateful for the opportunity to serve you and believe ours is the team best equipped to help you meet your financial goals. Want to learn more about CBI’s referral program? Contact CBI today.