FOR IMMEDIATE RELEASE DATE: February 29th 2002 PRIMARY CONTACTS: Steve Purdy 207-775-3496 Roderick Robertson, 781-449-7781 Briggs Capital, and Purdy Powers & Company Establish Strategic Partnership to Provide Comprehensive M&A Services to the Maine Market. (Portland Maine) Briggs Capital, LLC a Boston based Mergers & Acquisition and Investment Placement firm representing $750MM of funds has announced a strategic partnership with Purdy Powers & Co, a progressive, Portland Maine based CPA and Business Advisory firm, Briggs Capital and Purdy Powers & Co will combine the skills and assets of both firms to pursue M&A and financial placement opportunities in the New England marketplace. Together, Briggs and Purdy Powers & Co will provide a comprehensive array of services for business in the Northern New England area that are evolving towards a transaction. Briggs will co-tenant space with Purdy Powers & Co in their Portland offices. "After careful consideration of opportunities in both Maine and New Hampshire we found the economic condition and business opportunities extremely positive in the Maine market. Partnering with a firm the caliber of Purdy Powers & Co, with their forward thinking and wide suite of services was the key factor in opening the office in Portland," states Roderick Robertson, a principal of Briggs Capital. "Maine is an untapped playing field and Purdy Powers & Co is the perfect partner for Briggs" he added. Briggs Capital has appointed Dick Woodbury as the Managing Director of their Northern New England operation. Dick is a part time resident in Maine and his manufacturing and consulting background makes him ideally suited to build the Briggs operation in Portland. "Briggs financial connections, and its industry knowledge and contacts, and our new partnership with Purdy Powers & Co are a perfect blend. We see great opportunities here for growth and we're ready to go." stated Woodbury. Briggs takes an extremely strategic approach to developing offerings and increasing their client's wealth. Combining these skills with Purdy Powers extensive background in financial due diligence, valuation methodology and succession & estate planning, as well as Purdy Powers' extensive network is a natural fit. "This is a combination that really works." stated Stephan Purdy, "Briggs transaction expertise enhances our consulting group's depth of resources and rounds out our offering. And most importantly, it's an effective partnership that provides tremendous added value for our customers." Briggs Capital, LLC concentrates its efforts in preparing companies for a liquidity event; be it raising cash, a merger or acquisition, or the sale of a business. Briggs traditionally operates in the lower middle market, with company revenues ranging from the $3MM to $40MM. Briggs Capital's metro Boston headquarters are in Needham MA. In addition to the Needham office, Briggs operates an office in Burlington VT, Dallas Texas, New York City and London England.
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