Coastal Business Intermediaries, Inc. (CBI) offers intermediary, valuation and consulting services to small and medium sized businesses with enterprise values up to $20 million. The firm has two divisions to handle these services.
Coastal Business Intermediaries is a general business brokerage and intermediary firm that handles mergers and acquisitions of larger main street businesses and lower middle market businesses. The company has handled the sale of businesses across an array of industries including manufacturing, retail & distribution, general contracting and commercial & personal services. All of the brokers working for CBI are licensed by the State of Florida and are Certified Business Intermediaries and/or Merger & Acquisition Master Intermediaries through the International Business Broker's Association and M&A Source.
Agency Brokerage Consultants (ABC) is the division that specializes in insurance agency mergers and acquisitions. The division handles most types of agencies to include property & casualty, life, health, and financial services. Services provided include agency valuations, value enhancement, exit strategy consulting, and intermediary services on both the sell side and buy side. ABC also works with a number of specialized third party lenders that fund insurance agency acquisitions.
About the Broker:
Lou Vescio is the principal broker for Coastal Business Intermediaries, Inc. He is a Certified Business Intermediary (CBI) and certified Mergers & Acquisitions Master Intermediary (M&AMI). Lou is also an instructor for the IBBA in the area of business pricing and has been quoted in numerous publications including the New York Times.
Lou is a veteran aviator and spent more than 20 years flying F-4s and C-141's in active duty and the reserves for the U.S. Air Force. He joined Texas Instruments in 1977, and worked in a variety of managerial positions to include manufacturing engineering, production control, operations analysis and product marketing. When he left the company in 1992, he was a Marketing Director for the Defense Electronics Group.
Lou then started Futurekids of Virginia Beach, a franchised computer training business, and grew it to one of the top five franchises in the country within the first year. He also worked as a Regional Director for the franchise, training new franchisees in the operation of the business. In 1997, Lou was a cofounder of ICTS, Inc., a high end computer training business. This business grew to $11.5 million in sales in the next five years. Lou sold the Futurekids franchise in 2000 and his interest in ICTS in 2001.
After a brief retirement, Lou began employment as a Business Broker with Ferrari Sunbelt Business Brokers in Florida. During his first year, he was the top sales associate out of the five offices in the Ferrari Sunbelt Group in Central Florida. He then licensed two Sunbelt territories from Ferrari Sunbelt and was the Licensed Broker for his business serving the Space and Treasure Coasts of Florida. In 2006, Lou also was recognized as one of the "top fifty" Brokers in the Sunbelt Business Brokerage Network, which is comprised of more than 300 offices throughout the U.S. and 25 foreign countries.
In 2009, Lou established Coastal Business Intermediaries, Inc. and Agency Brokerage Consultants to provide more specialized services to his clients. Both companies utilize a team of brokers that work with each client to provide maximum attention and service for each sell side engagement.