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In late 2019 and most of 2020 we engaged Arnie Hendricks to assist me in a developing a succession and planning strategy for my majority ownership in Farwest Sports. Arnie was key in helping us determine the valuation for the transition, evaluating cash flows needed, and seeing us through the necessary contract. Arnie was instrumental in getting us to the initiation of the stock sale and evolvement of future management transitions.
Arnie is highly skilled in CFO management and his extensive experience was extremely instrumental and our management team blended quickly in sharing our confidence in Arnie’s ability to see us through.
Arnie is certainly one whom we will keep in contact with as we go forward and will have no hesitancy in continuing to use his skills as our company continues to progress. Our thanks to Arnie for the great job he’s done for our company as well as the confident relationship our team gained as we together ventured through this journey.
“Choosing to sell your company creates many layers of decisions that need to be made, that from my experience are better made with the help from wise counsel. As much as I have relied on my own decision making over the years, I would not have wanted to go through my selling process without the help of Arnie Hendricks. He helped me have a realistic understanding of my company’s worth and the relationships of merger and acquisition firms that could market and sell it. His help along the way of this 2 year process was invaluable and I could not imagine doing it without him.”
We have had the pleasure of working with Arnie Hendricks for 19 years. Every month he would come out to our company and we would review in detail, not only our financial statements, but everything involved in running our business. We discussed operations, capital purchases, sales, annual budgeting, annual business planning, succession planning, banking, etc. Our management team has come to see Arnie as a valuable partner. More importantly, when it came time to divest our Manufacturing business in 2015, Arnie was key in helping us through a successful transaction, bringing insight and strategy, thus allowing us to focus on our Bowman Dispenser business. He was key in the 3 year business planning for this division.
In June of 2020 we were successful in the selling of our Dispenser business. Arnie was again key in the success, in a large part due to his knowledge and experience of the selling process and the amount of work that is required prior to going to market. Arnie provided introductions to two qualified capital advisors that he felt would allow us the best opportunity.
We feel very privileged to have had Arnie on our team. We will miss our monthly meetings.
Arnie Hendricks was indispensable in guiding us through the process and ultimate sale of our 100 year old family business in mid 2018. His contacts and respect in the Seattle business community enabled us to meet and interview a number of outstanding mergers and acquisition professionals. With his help, we were able to assemble the team to market our company, solicit bids, represent us in negotiations and provide the necessary legal expertise. Arnie was our “sounding board” every step of the way, and we were able to close a very successful sale.
Arnie has helped us and many others immensely over the years through training classes he has done for various business groups as well as being a valued friend and business coach/consultant specifically for our business and management team. He has that unique combination of being an excellent communicator AND skilled business professional with great experience, insight and integrity. In fact, after we implemented our internal succession plan several years ago, Arnie encouraged us to look at the big picture for our industry and trends; to make overall business transition planning a priority and consider all options, even a potential sale. Ultimately, that is what we ended up doing in 2018.
Since 1998, Arnie Hendricks has been a part of the executive decisions for my small businesses. From business acquisitions to dispositions, and expansions to employee benefits, Arnie’s reliable, smart business acumen has been a key reason for our successes. Arnie communicates clearly, listens carefully, and returns with solutions and strategies. Whether mentoring our managers, helping us adhere to solid business plans, joining us as we meet with our attorneys and professional consultants, or counseling our family on succession planning, quite simply his experience and wisdom have been invaluable. Thank you, Arnie!
After 21 years of merely surviving, my construction company has changed direction and we are beginning to really hit our stride. We have evolved into a turnkey development company and the future looks very bright. From surviving to thriving in less than two years, I attribute most of this to the evaluation process and guidance of Arnie Hendricks. I intend to consult Arnie on all of my large decisions. He is incredible at keeping me accountable and on task as the leader in the company. He also brings up the rest of the team.
Arnie Hendricks has provided outstanding service to me in multiple situations for more than 15 years. During times that I have served as an Interim CEO for small companies, I have engaged Arnie as my part-time CFO. When I serve as strategy counsel to other CEOs and determine there is a need for objective executive coaching in the finance, sales or operating functions, Arnie is always my first call. My clients have consistently praised Arnie for his expertise in these critical functions:
- Merger/acquisition analysis and owner representation
- Exit planning and executive succession
- Business and strategic planning for executive teams and owners
- Product line and market segment profitability analysis
- Inventory control, operating efficiency and supply chain management
- Organizational design and leadership assessment
In short, Arnie is a breath of fresh air. He has the highest level of integrity, consistently serves in the best interest of each client, and is reliable in every regard. Not only is Arnie a consummate professional, his caring for other people, bright smile and sense of humor makes him a pleasure to have on any team.
Arnie Hendricks has contributed to the growth of our business for over 18 years. He has done this by consistently sharing not what I may want to hear but rather what I need to hear. He is all about building a strong foundation to a business and consistently making sure I am accountable to practicing the essentials that would create a business that is sustainable, durable and high performing. I am grateful for his honesty and integrity.