NEW HAVEN, CT, May 22, 2010
/24-7PressRelease/ -- VR Business Sales located in New Haven, the area's leading business brokerage firm, recently facilitated the strategic sale of Asset Recovery Center (ARC), an international company specializing in world-wide remarketing of high tech networking, computer and telecommunication equipment.
ARC, established as an independent company in 1996 by CEO and entrepreneur John Lynch, is headquartered in Milford, Conn.
Under Lynch's direction and management, the company has become one of the industry's largest specializing in the secondary market of asset trading and recovery. ARC resells equipment throughout the United States, Europe, Russia and Asia.
ARC will continue to operate from its location at 107 Research Drive as the same corporate entity.
According to Lynch, VR was selected for its reputation of delivering exceptional services coupled with the teams' national and international expertise and knowledge. VR intermediary, Al Guthrie, represented ARC throughout the transaction.
"Al understood our interests," said Lynch. "His experience in corporate finance and mergers and acquisitions for publicly held companies was key to handling the intricacies involved in the sale."
About VR located in New Haven, Conn.
VR Business Sales in New Haven, Conn., is part of the VR network which has sold more than 100,000 businesses in the U.S. and is comprised of over 125 offices throughout the world. The firm is one of Connecticut's premier business intermediary companies and is backed by the global strength of VR's 30 years of successful business sales through Valued Representation. VR Business Sales/Mergers & Acquisitions is part of the only network of full-time professional business intermediaries in the world. For more information, please call 203-772-3773 or visit http://www.vrnutmeg.com.
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