Case Study: IT Business Sale

Advanced Business Brokers sells businesses across all industries and of varying sizes. One industry ABB has seen a lot of movement in is the information technology (IT) sector. This industry includes companies that produce software, hardware, or semiconductor equipment and companies that provide internet or related services as well as data processing and outsourced services.

The Client

NobleNetworks LLC, a privately-held business located in Portage Michigan, fit the bill. NobleNetworks provides IT services or systems integration services to other companies to reduce costly outages and staffing expenses through preventive maintenance and measures to increase their security, simplify their infrastructure, and address any network inefficiencies. 

One of the owners, Ryan Noble, co-founded the business in 2007. After 15 years of owning and running the business, he was ready for a break and to “find new hobbies”. He reached out to ABB in early 2022 to see what his options were.

Below is Ryan's account of his experience working with Advanced Business Brokers and how he successfully sold his business. 

Why did you choose ABB?

Ryan: Advanced Business Brokers was recommended by my CPA, Steve Hamacher and my Attorney, Brian Weiss. I felt like I was ready for a change because I was getting burnt out from running the business. I was curious if there was a market or any interest in my IT company, so when my CPA recommended talking to ABB, I decided to meet with them. 

What was the first interaction you had with ABB?

Ryan: We began with email correspondence. They were very helpful right away and walked me through what it would look like to transfer ownership of my business to someone else. I didn’t know what I didn’t know. 

 

We went over my situation and nailed down what my goals were for a potential sale. The insight was invaluable. I was provided with a form to fill out and we began planning our contract right away. 

You don’t know, what you don’t know!

Check out this list of questions to ask yourself before you decided to sell your business

What were your initial concerns with the sale?

Ryan: My major concerns were my employees and my clients. I wanted to make sure my employees were able to maintain their jobs when the sale went through and that my clients would be taken care of. ABB made sure all of my concerns were addressed upfront in the pre-sale process and my expectations were clearly set for the buyer qualifying process.

What was it like working with ABB?

Ryan: They were very helpful in guiding me through the process. They gave me confidence that the sale of my business would happen just the way I outlined it with them. There were a lot of questions they knew to ask that I wouldn’t have even thought of. Brad was very friendly and did a great job of making me feel like I was their top priority. Larry’s assistance was also invaluable; I wish I let him take control during all the negotiations. 

Do you feel like ABB properly prepared you for the sale?

Ryan: Yes, Advanced Business Brokers did a good job of setting reasonable expectations. The whole process only took about 3 months. There were many steps that I was unaware of and ABB helped with every one of them. In the final step, closing the deal, they secured letters of intent. They directed me to my CPA and attorney to keep the deal on track when it came time to make the sale. 

Are you still trying to decide if you want to use a business broker to help with the sale of your business?

Would you recommend ABB to other business owners?

Ryan: Absolutely. I wasn’t convinced that I had a company that could be sold when I first began working with ABB and then they were able to find the right buyer and close the deal in a matter of a few months! Now I have the time to spend with my child and new baby and enjoy this next chapter of my life without worrying about being a business owner. 

Are you a business owner who is ready to transition into something else?

Whether you think your business is worth selling or not, why don’t you work with the experts who can walk you through your options? We provide a no-charge, no-obligation, one-on-one meeting with an experienced broker to help you understand your options. Call us at (269) 903-8143 to start planning your exit strategy or contact us here and an ABB representative will reach out to you right away. 

Read More from ABB

Bob Paden

With over 25 years of dedicated experience, Bob empowers small business owners in the Indianapolis metro area to achieve their entrepreneurial visions, whether by building scalable operations or crafting highly sellable entities. For three decades, he’s cultivated a robust network of owners, buyers, and strategic partners, a resource he fully leverages to help clients meet their unique objectives.

Bob’s expertise spans a diverse range of industries, including trade-based businesses like construction, HVAC, skilled trades, and manufacturing, as well as white-collar professional service firms such as law, finance, marketing, and technical services. Beyond his client work, Bob actively contributes to his community, serving as Treasurer for the Boone County Chamber Board and as well as a board member for both the Central Indiana Police Foundation (CIPF) and Fiscal Sponsorship Allies (FSA).  

Bob holds a degree in Mechanical Engineering Technology from Purdue University in West Lafayette, Indiana, and teaches there as well in the Certificate in Entrepreneurship and Innovation Program, which is ranked among the Top 50 programs in the U.S.

He lives with his wife Lori in Zionsville, just outside Indianapolis, and in his free time, he enjoys working on his home, playing golf, and traveling.

Marissa Ihssen

With a degree in psychology and a professional background in social work, Marissa
brings a people-centered lens to every project. Her experience includes being a Project
Planning Specialist at GE Aerospace, creating efficient processes and structures that
help teams work smarter and stay aligned. Marissa joins the Main Street Market Maker
team with Advanced Business Brokers to dedicate time and attention to smaller
business opportunities and provide excellent and supportive customer service.
Outside of work, she is a mom of three young men who finds joy in the everyday chaos
of family life. She loves strong coffee, warm beaches, and any excuse to spend time in
the sunshine. Hot yoga and hammocking are some of her favorite ways to reset and
stay grounded and help her show up with more presence both at home and in my
professional life.

Steve DeMaio, JD, CEPA

Steve brings more than 20 years of experience as a legal and financial professional to
his work with business owners preparing for transition and sale. He advises owners and
their families through every stage of the exit planning and transaction process, with a
focus on thoughtful assessment, risk management, and strategic value enhancement.
Steve is a Certified Exit Planning Advisor (CEPA®) and an active member of the Exit
Planning Institute. He previously served as Director of the Small Business Development
Center in Toledo, Ohio, where he worked closely with entrepreneurs across a wide
range of industries on growth, financing, and succession planning initiatives.
Earlier in his career, Steve practiced law with a nationally recognized Chicago-based
law firm and held roles in capital markets and commercial banking with leading financial
institutions. This multidisciplinary background allows him to approach business
transactions with a practical understanding of legal, financial, and operational
considerations.
As a business broker, Steve specializes in industrial and manufacturing companies,
skilled trades, and professional service firms, including marketing, staffing, and financial
services businesses. Steve earned his Juris Doctor from Loyola University Chicago
School of Law and a bachelor’s degree in economics from the University of Notre
Dame. He lives in the Toledo area with his wife and two daughters. Outside of work, he
enjoys traveling, cooking, and spending time at his family’s lake house.

Dr. Mark Hagar

A lifelong resident of Fort Wayne, Indiana, Dr. Mark Hagar brings decades of hands-on experience in small business ownership, acquisitions, and turnarounds to his role as a business broker. Over his distinguished career, he has acquired and operated more than 20 companies and engineered over 50 successful turnarounds, giving him a uniquely practical understanding of what makes businesses succeed, and sell. His portfolio spans manufacturing, distribution, and service firms in industries including printing, education, military contracting, aerospace, and orthopedics. This diverse background enables him to identify value, anticipate buyer needs, and structure complex deals with confidence and precision.


Mark holds a Doctorate in Business Administration (DBA) from Cranfield University’s School of Management in Bedford, England—one of Europe’s leading business schools. His research on small business resilience and operational excellence has been recognized by the Small Business Institute (SBI), the United States Association for Small Business and Entrepreneurship (USASBE), and the International Council for Small Business (ICSB).


In addition to his business career, Dr. Hagar has served as a member of faculty at several institutions of higher education, including Holy Cross College (Notre Dame), Trine University, and the University of Saint Francis. He also hosted Your Business Matters, a small business–focused radio show and podcast for more than a decade and is the author of Small Fortunes – the Acquisition Entrepreneur’s Guide to Buying a Profitable Small Business.


A passionate advocate for entrepreneurs, Mark previously chaired the Indiana Leadership Council for the National Federation of Independent Business (NFIB), representing small business owners before state and federal legislators. He currently serves as President of the Allen County, Indiana Economic Development
Commission.


As a broker, Mark specializes in industrial, manufacturing, and distribution firms, with particular expertise in special situations, distressed assets, and complex transitions where experience, creativity and discretion are central to success.