RL Property Management partner acquires engineering firm via seller financing

Peter Lohmann's business partner Adam acquired a company (an engineering firm) using a seller-financing package after abandoning an SBA loan, closing smoothly and immediately taking over operations.

“The seller agreed to do a very nice seller financing package for us. We originally were going to do SBA, And I quickly realized that was a nightmare and it was taking too long.”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.