CARY, NC – (NewMediaWire) – October 14, 2021 – 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
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.
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
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
acquisitions that SBDG may want for its own portfolio,” the Company’s COO said.
“This acquisition can bring us more companies that are spinout candidates, and
will also become a spinout candidate itself.
We believe that this is a great opportunity for everyone involved.”
Small Business Development Group, Inc.
(OTC: SBDG) is a holding company publicly traded on OTC Markets. SBDG has an
active mandate to identify and acquire operating companies with a preference
for those in the small to medium sized enterprise arena (SMBs and SMEs) based
in North America, specifically those demonstrating modest but predictable growth
and profitability over time. Ideal candidates for acquisition have an
enterprise value between $2 million and $50 million with positive cash flows
between $500,000 and $5 million. SBDG’s intent for all acquisitions is to
affirm or establish sound business fundamentals and to drive revenue and
profitability growth. The goal of SBDG is to develop and align portfolio
companies into high performance industry verticals and deliver additional value
for its stakeholders and SBDG investors.
About Stony Hill Advisors:
Stony Hill Advisors
LLC is a merger and acquisition advisory firm that specializes in providing
intermediary services for lower middle market companies and small business
entrepreneurs. They have assisted clients across a wide variety of industries
throughout New Jersey, Pennsylvania, Delaware, Ohio, Connecticut and the
New York metro region. They offer various professional services including
mergers, acquisitions, divestitures, exit value planning, business valuations,
and transaction consulting. Their role is that of a trusted advisor partnering
with their clients and the client’s other trusted advisors to provide
confidential, qualitative, and quantitative guidance and deliver results.
www.stonyhilladvisors.com to learn more.
This press release contains certain forward-looking statements
based on our current expectations, forecasts and assumptions that involve risks
and uncertainties. This release does not constitute an offer to sell or a
solicitation of offers to buy any securities of any entity. Forward-looking
statements in this release are based on information available to us as of the
date hereof. Our actual results may differ materially from those stated or
implied in such forward-looking statements, due to risks and uncertainties
associated with our business.