BROKER ALERT - The Firm Brokerage in Omaha NE

searcher profile

October 27, 2020

by a searcher from The University of Michigan - Stephen M. Ross School of Business in Las Vegas, NV, USA

Any Experience with The Firm Brokerage in Omaha NE??? (https://www.thefirmadv.com/)

I just came up on the wrong end of an LOI!!! We're in the exploratory phase of a company listing with a brokerage firm called The Firm in Omaha NE. Really a poor effort on The Firm's part with the exploration process. Their timeline is a series of exploratory call and goes something like...

- Call #1 Intro Call
- Call #2 Exploration
- Call #3 Owner Interview

If all goes well, the next step is to submit an LOI. Truly disappointing this morning on Call #2 to be informed that we were following their timeline and missed out on what could have been a great opportunity for us. The company we were exploring went under contract... I know speed kills deals, right?

I wonder if there's any more I could have done... Last week's call (Call #1) I wanted to advance the process quickly, so I requested their LOI template (rather than using our own) and setting the appointment with owner to interview them. I confirmed this was our desire as recent as yesterday, but now I realize I was blown-off by being told that I needed to follow their process. My call (Call #2) with Rene their COO lead me to be informed that the business is under contract... What?!?

If I can do something to have my people move more expeditiously, please share with me.

PS - This is the second time this has happened with this firm!

4
25
389
Replies
25
commentor profile
Reply by a searcher
from Pepperdine University in Boise, ID, USA
I was just telling someone last week, The Firm is one of my least favorite brokers to deal with in terms of their process. I have interacted with them multiple times over the past two years and frankly, I hesitate to contact them on deals now, when I see their brokerage on the listing - for a number of reasons, some of which you detailed above.
commentor profile
Reply by a searcher
from Harvard University in Toronto, ON, Canada
They mislead and manipulate you. Most of their deals are bogus and fake that they are just testing the market with no credible information from the sellers or even interests from the sellers to sell their company. they are AFRAID for any introductory calls with sellers.
commentor profile
+23 more replies.
Join the discussion