Business
Small Business Development Group (OTC: SBDG) Signs Definitive Agreement to Acquire Mergers and Acquisition Firm
Small Business Development Group (OTC: SBDG) Signs Definitive Agreement to Acquire Mergers and Acquisition Firm.
About this update from Small Business Development Group, Inc.
[{"type":"text","content":"\n CARY, NC, Oct. 14, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Small Business Development Group, Inc. (OTC:SBDG) (www.SBDGStock.com) announced today that the Company has signed a Definitive Agreement to acquire a successful mergers and acquisition firm based in the Northeastern United States. “This firm has had many years of success involving a wide variety of industries in the Mid-Atlantic region and New York City.  They are noted for their professional staff and the excellent due diligence they perform,” said Roy Y. Salisbury, Small Business Development Group CEO and Chairman.  Mr. Salisbury explains that this begins the Company’s business model to establish offices throughout the U.S. to effectively deal with potential transactions in the various regions of the country: “We are excited to acquire Stony Hill Advisors for what they have accomplished, what they continue to accomplish, and what we believe they can do with the help of SBDG.  We see the Stony Hill Team as the base of what will become an M&A Advisory firm with a national footprint.” The Founder and CEO of Stony Hill Advisors, Paul Visokey will continue with the company in an expanded role to assist with the national expansion.  “We are very excited to be moving forward together with Small Business Development Group.  I have spent a considerable amount of time meeting with both Roy Salisbury and Brian Jue, and I am very excited that Stony Hill Advisors will be an integral part of SBDG’s growth. When I started Stony Hill, it was about helping people with their dreams and goals. Now we can do that on a much larger scale,” said Mr. Visokey. “Small Business Development Group works with the companies it acquires to establish sound business practices, increasing their revenues and profitability.  Our end goal is to spin them off as separate, successful publicly traded companies,” said Brian Jue, Chief Operating Officer and Director. Mr. Jue explained that the acquisition of the M&A firm accomplishes two significant goals for SBDG and its shareholders:  “One, the acquisition of Stony Hill Advisors provides SBDG with additional revenue as its business of advising on both buy and sell side transactions is profitable.  Two, it provides deal flow for additional ...