Business Acquisitions

Serving Harrisonburg, Staunton, Winchester and Nearby Areas of Virginia

Buying or selling a business is a significant and complex legal event that can be fraught with risk, especially if the transaction is not handled carefully. If you are retiring and want to sell your business, or you want to acquire another company to revitalize your business, we can help you navigate the complex process.

Whether you are an acquiring company or a target company, if you're interested in skilled representation in the Shenandoah Valley, please call Hoover Penrod PLC at 540-433-2444.

Business Acquisitions

Structuring the Optimal Acquisition

The process of acquiring a business varies depending on the size of the company, and the overall complexity of the transaction. We can advise you of your options before you sign a letter of intent to help prevent costly mistakes at the outset of your transaction. As the process moves forward, we can anticipate risk and possible points of contention, and help you develop a contract that guards your rights and interests and minimizes your risk.

We work with the investment bankers, accountants, lawyers, and other advisors involved in the transaction and are ready to assist in making your acquisition as smooth as possible. We take the size and complexity of each transaction into account and adjust our handling or your situation accordingly to minimize your legal costs whenever prudent.

Contractual Matters to Consider

Many different contractual matters are involved with the sale or purchase of a company. Our decades of experience as business law attorneys in Harrisonburg have equipped us with the knowledge to help you draft, review, and negotiate agreements that accurately reflect your goals.

Some examples of the contractual work we routinely assist business owners with include:

  • Letters of intent
  • Stock and asset purchase agreements
  • Confidentiality agreements
  • Non-disclosure agreements
  • Covenants not to compete
  • Escrow agreements
  • Buy-sell agreements between the owners of a business
  • Purchase price allocation agreements

We are also experienced in helping resolve governance disputes and deadlock.

To schedule a consultation with one of our Harrisonburg business and transactional attorneys, please contact Hoover Penrod PLC. We serve clients throughout Harrisonburg, Staunton, Winchester, and the nearby areas in Virginia.