I started a TPA group within a bank 6 years ago and now the bank is looking to sell or close the division. I want to buy it and am in the final stages of the contract negotiation awaiting SBA approval and have hit a glich. I am only purchasing the service agreements, no assets. They are trying to value the business on the past financials not a multiple of the revenue. I am getting it for .5X annual revenue and the SBA wants me to qualify this price! Does anyone know of a valuation firm experienced in working with TPAs that can help me quick!

We are a CPA firm and Doug Keegstra here has done a lot of valuation work with many other service companies. Maybe he can help you. His phone is 616-455-2800