• Report: #418650

Complaint Review: Transition Companies, NBCS, Gene Sartin, Strick Hullender, Ted Solomon

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  • Submitted: Sat, January 31, 2009
  • Updated: Fri, February 20, 2009

  • Reported By:Shadow Hills California
Transition Companies, NBCS, Gene Sartin, Strick Hullender, Ted Solomon
5080 Spectrum Dr., Suite 310W, Addison, TX 75001 Dallas, Texas United States of America
  • Phone: 800-704-6201
  • Web:
  • Category: Seminars

Transition Companies, NBCS, Gene Sartin, Strick Hullender, Ted Solomon Sell your business, cash up front, Dallas Texas

*REBUTTAL Owner of company: The Transition Companies & Gene Sartin

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As you have no doubt already read in a recent ROR posting, the US Department of Justice has recognized that business owners do not seem to get what they have bargained for when they contract for services with a company associated with Ted Solomon, Strick Hullender, and company. If you haven't read it, I urge you to type in NBCS and note recent postings to do with Ted Solomon, NBCS and his friends. The Dallas Companies of Great Western, GW Equity, NBCS and now Transition Companies have too much in common, namely, the same cast of characters have been involved in all of them. Hullender bought Great Western, Gene Sartin worked for Great Western and was an executive at GW Equity. Ted Solomon has been involved in all of them. He trained most of the NBCS independent representatives and is listed on the company organizational chart for Transition Companies. These guys look smooth, dress smooth and talk smooth. Make sure if you are approached to do business with NBCS, GW Equities or the Transition Companies, that you look very, very, did I say very long and hard at their list of promises. Make sure that the time line of their existence makes sense. Carefully check the references for exactly their involvement in any transaction. Transition Companies seems to be the latest and greatest addition to list list of Dallas Companies who are experts in the sale of privately held small to medium companies. Their website and collateral materials indicate that they have been around for many years. The BBB in greater Dallas represents that Transition Companies has been a member since October of 08, WHEN THEY WERE FORMED. Further investigation has connected, Succel, Inc. and a Mergers and Acquisition company as combining to form The Transition Companies. The time line on this places Gene Sartin who is the listed principal of Succel, in a position of being Sales Manager of GW Equity, while at the same time actively running Succel. If they seem too smooth, if it sounds too good to be true, and they want you to write a check on the spot- be extra, extra did I say extra careful.

Anonymous Shadow Hills, California
U.S.A.

This report was posted on Ripoff Report on 01/31/2009 05:03 PM and is a permanent record located here: http://www.ripoffreport.com/r/Transition-Companies-NBCS-Gene-Sartin-Strick-Hullender-Ted-Solomon/Dallas-Texas-75001/Transition-Companies-NBCS-Gene-Sartin-Strick-Hullender-Ted-Solomon-Sell-your-business-418650. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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REBUTTALS & REPLIES:
0Author 0Consumer 1Employee/Owner
Updates & Rebuttals

#1 REBUTTAL Owner of company

The Transition Companies & Gene Sartin

AUTHOR: Gene Sartin - (U.S.A.)

It is truly unfortunate that people, who are allowed to hide from their true identity, are allowed to make innuendo, false statements, misleading, and untrue comments, such as those posted by Anonymous, Shadow Hills, California, regarding Gene Sartin and The Transition Companies. Gene Sartin nor The Transition Companies has no direct or indirect involvement with any of the individuals nor the companies suggested by the Anonymous poster. Gene Sartin and The Transition Companies represent, in a fair and honest manner, the middle market privately held business owner who seeks to sell or improve the profitability of their business. The services offered by Gene Sartin and The Transition Companies are of the highest quality as attested by its client testimonials and public press releases posted below.

Gene Sartin and The Transition Companies welcome each and every inquiry and commit to serve each of its clients in a highly client centric manner and with performance based criteria.

Gene Sartin
President & CEO
THE TRANSITION COMPANIES
5080 Spectrum Drive
Suite 310 W
Addison, Texas 75001
972-450-3100

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U.S.A.

FIRST POST
Small Business Services

The Transition Companies & Gene Sartin

The Transition Companies (TTC") is a leading Mergers and Acquisition ('M&A') firm specializing in confidentially opening the market to maximize the value realized by business owners when selling their privately-held companies. We also provide consulting services, where appropriate, for companies that want to increase earnings now or increase market value for a future sale of their business.

We are available for any and all inquiries.
Gene Sartin
President and CEO
gsartin@transitioncompanies.com
469-774-9894 Direct Line
http://www.transitioncompanies.com

-------------------------------------------------------------------------------


SECOND POST
Small Business Services

The Transition Companies, Transition Companies, Gene Sartin

The Transition Companies, Transition Companies, Gene Sartin History of The Transition Companies

The Transition Companies was founded in 1988 as a consulting and M&A firm called Succel Inc. ('Succel'). Succel originally provided turnaround consulting expertise to increase the value of private-held companies. In the mid 1990's, Succel expanded into a full service M&A and consulting professional services firm that maximized the value of privately-held companies through an M&A sale or consulting services.

In mid 2008, The Transition Companies was formed through the merger of Succel with InterPrise M&A LLC ('InterPrise'). InterPrise, founded in 1994 with 3 US offices and 1 European office, was a leading nationwide middle market M&A firm that specialized in the sale of privately-held companies. The Transition Companies is the pre-eminent professional services firm providing complete exit and transition strategies for owners of privately held companies seeking to maximize the proceeds from the sale of their companies or increase value prior to going to market.

Client and Public Relations
The Transition Companies
Phone 800-704-6201
http://www.transitioncompanies.com

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THIRD POST
Small Business Services

T T C, Transition Companies, Transition Company, Companies In Transition, Gene Sartin

Transition Companies, Gene Sartin, Transition Companies Advises Windo-Shade, Assisting Companies In Transition. Transition Companies, Advised Windo-Shade Distributors, Inc. on Sale to Innovus Investment Holding of Galveston Texas, The Transition Companies is in Dallas Texas, Assisting Companies in Transition. Mendham New Jersey.

Newswire:
http://www.newswiretoday.com/news/43933/ /newswire/ - Dallas, TX, United States, 12/11/2008. The Transition Companies, LLC (TTC") is pleased to announce the sale of Windo-Shade Distributors Inc. (Windo-Shade") of Galveston, Texas to Innovus Investment Holdings LLC (Innovus"). TTC acted as Windo-Shade's exclusive M&A advisor for this transaction.??Michael Ryan, Executive Director of Transactions at TTC said we opened the market using our proprietary buyer list consisting of 318 prospective buyers. These resources resulted in numerous interested parties finishing with several finalists". The shareholders of Windo-Shade were able to choose the transaction with the buyer that best met their personal objectives".

The middle markets are still vibrant for profitable, well managed companies" said Gene Sartin, CEO of The Transition Companies.??

The Transition Companies, headquartered in Dallas, Texas is a leading Mergers and Acquisition ('M&A') firm specializing in confidentially opening the market to maximize the value realized by the owners when selling their privately-held companies. TTC also provides consulting services for companies that want to increase earnings now or increase market value for a future sale.??The Transition Companies (transitioncompanies.com), originally founded in 1988, has 4 offices nationwide and a dedicated professional team of 105 Associates. TTC's team of professionals has provided valuation, consulting and executed M&A sale transactions for hundreds of companies across all industry sectors nationwide.??The sale of an entrepreneur's business is frequently the largest and most important financial event of his or her life - for most, it is an opportunity that will be presented only once. The successful sale of a business requires a carefully planned and methodically structured process in which each step is done right - the first time - when seeking to maximize the financial reward. These goals were accomplished in this transaction.

Client and Public Relations
The Transition Companies
Phone 800-704-6201
http://www.transitioncompanies.biz

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FOURTH POST
Small Business Services

TTC, For Companies In Transition, For The Transition Companies, And Gene Sartin, With Offices in Dallas Texas. And Offices in New Jersey.

For The Transition Companies, And Gene Sartin, I would recommend your company to whoever asks. Please feel free to use this letter of recommendation with any potential client you may have. The Transition Companies is in Dallas Texas, Assisting Companies in Transition. Also Offices in Mendham New Jersey.

To: The Transition Companies and Gene Sartin
From: Flow Products International Management, Inc.
Reference : Project 0725

Dear Mr. Sartin,
I have been requested to write a letter to basically review the reason for requesting your help and I am doing so gladly.
Upon meeting you in Houston, I listened intently as I am a newcomer being in business for myself. I had thought I was very successful until I listened to you and your associates. Soon I saw that I needed to do several things to get my company ready to sell knowing that the process might take some time. I knew that I would make a grave mistake if I did not get the help that I needed.
During our initial meeting, it became very clear that I was facing challenges. Your representative and I had a very candid conversation and both agreed that I needed to get deeper into the organization structure and daily operation of my business. The suggestions all made sense, were extremely enlightening and I felt that I was going to get the help I needed. When I say help, I really mean guidance as I was not getting it from those whom I was relying on at that time.
Upon your analyst arrival, the project as explained to me, was to get me moving in the correct direction while maximizing my current abilities and give me the instructions that I needed to move forward in a most positive manner. Issues we covered in detail, some more that others were :

Structuring the functional organization Very Helpful
Financial organization/reorganization Desperately needed
Responsibility and accountability Very Helpful
Employee handbook development A Work in Process
Goal setting and Planning Cleared the path to glory
Delegation of Authority A work in Process
Labor Burden determination Basic
Setting Policy and Written Procedures A Work in Process
Job Costing and Pricing Basic
Determining Overhead Rate Very Helpful
Breakeven Point Very Helpful
Employee Incentive Programs A Work in Process
Develop comprehensive company policies A Work in Process
Profit and Expense Controls Very Helpful
Company Safety Policy Will have ISO certification next month
Cash Flow/Cash Management Very Helpful
Company Drug & Alcohol Policy Already doing
Financial Forecasting and Analysis Extremely Helpful
Job Descriptions I like Randy's better than mine
Profit Planning and Engineering A work in Process
Employee Training & Development A work in Process
Purchasing Controls Very Helpful

All of the above became very clear to your analyst once he heard my history. This is when I studied the 80-20" rule and realized I was 99-1". After the first week I started to really take a look at what had happened and then started to understand what needed to happen. Every day it became clearer and clearer once I understood that I should not take my challenges out on myself. The summary pages and the documents given to me were easy to read and easy to understand. Any question that I had was answered directly or with an analogy which is the way I understand the best.
Having stated all of this, I believe that staying on the plan laid out to me, my company will operate much more efficiently as well as more profitable. I have the guidelines to refer to, and with time will be able to teach my subordinates as well. This will make my life much easier.
Gene, as we discussed on the phone, I was in shock with regard to the investment I was about to make; however after time spent with your analyst, I would recommend your services to anyone who gave me the opportunity. Further, I would recommend your company to whoever asks. Please feel free to use this letter of recommendation with any potential client you may have. I do not think it is the size of the business or the type of business, we all have our own goals and dreams. Most companies I am sure just need a little tweaking and proper planning to get to where they want to go quicker and with fewer problems.
Again, anything I can do to assist you in achieving your goals, please contact me.

Very truly yours.
Ronald E. Veatch, President

Client and Public Relations
The Transition Companies

(Contact information can be obtained by phoning the The Transition Companies offices.)
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FIFTH POST
Small Business Services

The Transition Companies, Transition Solutions, Main Street Transition Solutions, LLC, Gene Sartin

The Transition Companies LLC (TTC") announces the sale of King Oil Company of Hagerstown, Maryland to a Private Investor.

PRLog (Press Releases)
http://pressroom.prlog.org/Transition_Companies/ /Dec 19, 2008 The Transition Companies LLC (TTC") is pleased to announce the sale of King Oil Company of Hagerstown, Maryland to a Private Investor. TTC acted as King Oil's M&A Advisor for this transaction.

TTC's transactional team included Charles Boyer who advised King Oil in opening the process, Gary Brown who worked thru the final closing and Brandon Fitzgerald who directed the various marketing activities that produced the successful sale of the company.

Michael Ryan, Executive Director of Transactions at TTC said we opened the market using our proprietary buyer list consisting of 157 prospective buyers. These resources resulted in numerous interested parties finishing with several finalists". The owners of King Oil Company were able to choose the transaction with the buyer that best met their personal objectives"

While the high end, mega M&A market is at an effective halt, demand still exists for profitable, well managed middle market companies" said Gene Sartin, CEO of The Transition Companies.

The Transition Companies, headquartered in Dallas, Texas is a leading Mergers and Acquisition ('M&A') firm specializing in confidentially opening the market to maximize the value realized by the owners when selling their privately-held companies. TTC also provides consulting services for companies that want to increase earnings now or increase market value for a future sale.

The Transition Companies, originally founded in 1988, has 4 offices nationwide and a dedicated professional team of 105 Associates. TTC's team of professionals has provided valuation, consulting and executed M&A sale transactions for hundreds of companies across all industry sectors nationwide

Client and Public Relations
The Transition Companies
Phone 800-704-6201
http://www.transitioncompanies.com
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SIXTH POST
Small Business Services

The Transition Companies, LLC & Gene Sartin

To: The Transition Companies
From Kitmund Electric

Dear Mr. Sartin,
I am very happy that we held this two week session. I saw the value of what we accomplished. I am hopeful this will translate into more value for my company's sale price. It went well and I have enjoyed having your analyst as part of our team. He told me your company will be available for further questions and support as we need it. I appreciate that. Therefore, thank you for your work and I am sure the changes made will make a difference. This will at least free me up to not have to do everything I did before.

Sincerely,
Jim Johnson, President

Client and Public Relations
The Transition Companies
Phone 800-704-6201
http://www.transitioncompanies.com

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SEVENTH POST:

The Transition Companies Moves Corporate Headquarters


The Transitions Companies announces its move to a larger headquarters facility and offices needed to accommodate the company's growing and expanding business base.


Dallas, TX, February 04, 2009 --(PR.com)-- The Transition Companies (TTC) is pleased to announce the relocation of its Dallas headquarters to new corporate offices at 5080 Spectrum Drive, Suite 310W in Addison, Texas 75001. The new and larger facility and corporate offices will support the growth and expansion of The Transition Companies in the near future and well into the out years. The new corporate office is approximately four times the size of the previous office and will house Executive staff, business development and information technology functions.

Gene Sartin, President of TTC said The owners of privately-held companies receive value from our unique business model. Regardless of current market conditions, there's no substitute for delivering value to our clients.

TTC is growing our business base. While many financial services companies, banks and M&A firms are contracting, TTC's controlled growth requires we expand our corporate headquarters facility, said Mike Ryan, Executive Vice President of TTC.

The Transition Companies ("TTC"), headquartered in Dallas, Texas with offices in California, Florida and New Jersey, is a leading nationwide Mergers and Acquisitions ("M&A") firm specializing in confidentially opening the market to maximize the value realized by the owners when selling their privately-held companies. The Transition Companies also provides consulting services for companies that want to increase earnings now or increase market value for a future sale.

Contact:
The Transition Companies
Client Services
5080 Spectrum Drive, Suite 310W
Addison, Texas 75001
United States

Founded in 1988
Phone: 800.704.6201
Fax: 972.450.3101

http://www.TransitionCompanies.com
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