The PGI Advantage: A Proven Process for Maximizing Value

Create a Comprehensive Buyer Result

Deliver a compelling offering book (CIM) of 75–150 pages to attract multiple qualified buyers with offers to the table simultaneously.

Deliver a compelling offering book (CIM) of 75–150 pages to attract multiple qualified buyers with offers on the table simultaneously.

Market-Wide Outreach Strategy

Execute a ten-phase outreach program that reaches every corner of the market — including buyers most firms never access.

Ethical, Competitive Limited Auction Process

Run a disciplined, limited auction that is fair, ethical, and designed to maximize value through PGI’s. “Deal Point Process.”

A Clear Path to Closing

PGI leads each step with the “Roadmap to Closing”— creating a “team environment” with both sides of the table, coordinating advisors, managing timelines, and keeping momentum until the deal is closed.

How We Work

Principles that shape every decision we make

Compassion

We see the human side of every business. Selling a company is rarely just about the numbers — it’s emotional. We take the time to understand each owner’s goals, protect their loyal people, and ensure the transition honors the lifetime of work behind the business. So to us, it’s not just selling another business but successfully orchestrating for our client “a life-changing event.”

Trust

We believe good deals are built on honesty and transparency. That means setting realistic expectations, communicating clearly, and representing every client’s interests as if they were our own. As one of our clients described PGI, “Integrity is clear, unbroken honesty, that you can have trust, and have confidence in.” Integrity isn’t an act; it’s a discipline that has defined PGI for over forty years. Our decades of reference letters authenticate it the best.

Outcome

Our focus is on achieving the right outcome, not just any outcome. Through disciplined valuation, strategic preparation, and careful deal management, we deliver results that reflect both the value of the business and the vision of its owners, and the right fit for the future of the business. After we have created a market with multiple offers, there are times when, to ensure the right outcome for a successful future for the business and its loyal employees and customers, we have not taken the highest price.

Legacy

A Legacy Built on Trust and Continuity

Since 1981, under the leadership of Rick Piper i, Piper Group International has been a steady guide for business owners navigating one of the most significant decisions of their professional lives – transitioning into their next chapter of life.

What began as a small advisory practice rooted in personal relationships has evolved into one of the most trusted M&A advisory firms serving the lower middle market.

Bill Billingsley and Brent Freeman bring decades of M&A practice to the team and broaden our capability with their diverse backgrounds.

PGI has represented hundreds of closely held companies, helping owners protect what they’ve built, reward the people who helped build it with a successful future, and secure the best path forward for everyone involved. That legacy of care and precision continues today under the leadership of Jon Akers and Cindy Torio, who remain committed to the same values that defined the firm’s early years.

Today, the focus remains unchanged: to provide honest guidance, thoughtful strategy, and results that stand the test of time. Every transition PGI manages reflects not just a transaction, but a continuation of the business's story — one built on trust, respect, and the belief that integrity endures.

Advisors

Meet the Team

Rick Piper

Founder & Managing Partner

Rick is a recognized expert in M&A, divestitures, strategic searches, valuation, and business consulting with over four decades of experience as a "dealmaker." He manages exit strategies, creates Confidential Information Memorandums, employs creative marketing, conducts ethical limited auctions, and expedites closings with his "Roadmap to Closing." A PSU graduate who has presented CLE/CPE-accredited workshops.

Rick Piper

Founder & Managing Partner

Rick is a recognized expert in M&A, divestitures, strategic searches, valuation, and business consulting with over four decades of experience as a "dealmaker." He manages exit strategies, creates Confidential Information Memorandums, employs creative marketing, conducts ethical limited auctions, and expedites closings with his "Roadmap to Closing." A PSU graduate who has presented CLE/CPE-accredited workshops.

Bill Billingsley

Transaction Lead

Bill brings two decades of lower middle market M&A expertise, specializing in mergers, acquisitions, and divestitures. His 17 years in retail management built a strong foundation in accounting and logistics. He excels in the financial scrutiny of closely held companies, including P&L recasting, financial forecasting, and creative deal structuring. A PSU graduate, he was a Senior Manager for Tom Peterson’s, Inc., and a former owner of a multi-state retail operation.

Bill Billingsley

Transaction Lead

Bill brings two decades of lower middle market M&A expertise, specializing in mergers, acquisitions, and divestitures. His 17 years in retail management built a strong foundation in accounting and logistics. He excels in the financial scrutiny of closely held companies, including P&L recasting, financial forecasting, and creative deal structuring. A PSU graduate, he was a Senior Manager for Tom Peterson’s, Inc., and a former owner of a multi-state retail operation.

Brent Freeman

Transaction Lead

Brent is a Senior Investment Banker and M&A Advisor with 30 years of Senior Management experience in Financial Services, including roles at Bank of America, Lehman Brothers, GMAC, and GE Capital. Having served on acquisition teams and personally bought, built, and sold businesses, Brent lends extensive expertise to lower middle market business transactions. He holds a B.S. in Business from ASU and is a CVA.

Brent Freeman

Transaction Lead

Brent is a Senior Investment Banker and M&A Advisor with 30 years of Senior Management experience in Financial Services, including roles at Bank of America, Lehman Brothers, GMAC, and GE Capital. Having served on acquisition teams and personally bought, built, and sold businesses, Brent lends extensive expertise to lower middle market business transactions. He holds a B.S. in Business from ASU and is a CVA.

Jon Akers

Transaction Lead

Jonathan, a seasoned consultant with 30 years in construction and 20 in business consulting, successfully guides businesses through growth, adaptation, transition, and M&A. He now assists entrepreneurs with growth, expansion, and succession planning, focusing on value-add strategies for transition. Jon prioritizes transparency, direct communication, and simplifying complexity, always treating clients with integrity and applying the "Golden Rule" to business.

Jon Akers

Transaction Lead

Jonathan, a seasoned consultant with 30 years in construction and 20 in business consulting, successfully guides businesses through growth, adaptation, transition, and M&A. He now assists entrepreneurs with growth, expansion, and succession planning, focusing on value-add strategies for transition. Jon prioritizes transparency, direct communication, and simplifying complexity, always treating clients with integrity and applying the "Golden Rule" to business.

Michelle Fanucchi

Analyst and Transaction Specialist

Michelle Fanucchi is an experienced M&A Analyst with almost two decades of expertise in operations, business analysis, and technical writing, bringing a strong financial and analytical foundation to transaction advisory work. Her background includes roles with Smith Barney (now Morgan Stanley), Lockheed Martin Technical Operations, and Wells Fargo, where she supported financial analysis, process improvement, and operational efficiency. As a QuickBooks-certified bookkeeping professional, Michelle offers hands-on expertise in financial reporting, data integrity, and due diligence support, enabling her to effectively analyze financial statements and support clients through complex mergers, acquisitions, and strategic transactions.

Michelle Fanucchi

Analyst and Transaction Specialist

Michelle Fanucchi is an experienced M&A Analyst with almost two decades of expertise in operations, business analysis, and technical writing, bringing a strong financial and analytical foundation to transaction advisory work. Her background includes roles with Smith Barney (now Morgan Stanley), Lockheed Martin Technical Operations, and Wells Fargo, where she supported financial analysis, process improvement, and operational efficiency. As a QuickBooks-certified bookkeeping professional, Michelle offers hands-on expertise in financial reporting, data integrity, and due diligence support, enabling her to effectively analyze financial statements and support clients through complex mergers, acquisitions, and strategic transactions.

Michelle Fanucchi

Analyst and Transaction Specialist

Michelle Fanucchi is an experienced M&A Analyst with almost two decades of expertise in operations, business analysis, and technical writing, bringing a strong financial and analytical foundation to transaction advisory work. Her background includes roles with Smith Barney (now Morgan Stanley), Lockheed Martin Technical Operations, and Wells Fargo, where she supported financial analysis, process improvement, and operational efficiency. As a QuickBooks-certified bookkeeping professional, Michelle offers hands-on expertise in financial reporting, data integrity, and due diligence support, enabling her to effectively analyze financial statements and support clients through complex mergers, acquisitions, and strategic transactions.

Michelle Fanucchi

Analyst and Transaction Specialist

Michelle Fanucchi is an experienced M&A Analyst with almost two decades of expertise in operations, business analysis, and technical writing, bringing a strong financial and analytical foundation to transaction advisory work. Her background includes roles with Smith Barney (now Morgan Stanley), Lockheed Martin Technical Operations, and Wells Fargo, where she supported financial analysis, process improvement, and operational efficiency. As a QuickBooks-certified bookkeeping professional, Michelle offers hands-on expertise in financial reporting, data integrity, and due diligence support, enabling her to effectively analyze financial statements and support clients through complex mergers, acquisitions, and strategic transactions.

Cindy Torio

Analyst and Transaction Specialist

Cindy is an expert analyst at PGI, and is crucial in ensuring precise and efficient mergers and acquisitions. Her background includes overseeing high-value real estate, where she gained deep expertise in risk management, financial oversight, and operational execution. She applies this rigor to M&A, keeping complex transactions on track and protecting all parties' interests. Cindy's analytical approach, meticulous detail, and ability to coordinate multifaceted processes make her vital for deals requiring strategic foresight.

Cindy Torio

Analyst and Transaction Specialist

Cindy is an expert analyst at PGI, and is crucial in ensuring precise and efficient mergers and acquisitions. Her background includes overseeing high-value real estate, where she gained deep expertise in risk management, financial oversight, and operational execution. She applies this rigor to M&A, keeping complex transactions on track and protecting all parties' interests. Cindy's analytical approach, meticulous detail, and ability to coordinate multifaceted processes make her vital for deals requiring strategic foresight.

Community & Education

Sharing knowledge Strengthening communities

PGI's commitment to business owners extends far beyond the closing table. For decades, the firm has shared its expertise through educational programs, community partnerships, and a workshop with 50 growth ideas that have helped owners increase sales, understand valuation, succession, transition planning, build company value, and empower them to lead with foresight and confidence.

We have been told that this process is one of our methods that separates us from others in our field. We take our clients to school before we go to market. Some have called Rick – "Professor Piper." In PGI's Guidelines, the clients are taken through Confidentiality and Rumor Control, Making a Market, Seller/Buyer Discussions, Visits from Buyers, and Protocol to Closing a. PGi truly prepares its clients for the selling process, from creating a position of strength in the offering material, to what to say and not to say, and to teaching them that "time kills deals" and how to expedite the closing process.

From supporting local entrepreneurship to mentoring future business leaders, PGI invests in initiatives that strengthen communities and foster long-term economic growth – the reference letters tell it best.

Letters of reference brochure

“PGI’s integrity, creativity, and commitment set them apart from every other firm we met.”

“PGI’s integrity, creativity, and commitment set them apart from every other firm we met.”

Over the years, hundreds of clients have written to share what working with PGI meant to them, not just in results but in trust, care, and persistence. Their words have become part of our story.

The 192 page Letters of Reference Brochure is a curated collection of those reflections — a living record of relationships built on integrity, creativity, and outcomes that endure.

Over the years, hundreds of clients have written to share what working with PGI meant to them, not just in results but in trust, care, and persistence. Their words have become part of our story.

The 192-page Letters of Reference Brochure is a curated collection of those reflections — a living record of relationships built on integrity, creativity, and outcomes that endure.

Let’s Plan Your Next Chapter

Every owner’s journey is unique, and so is the decision to transition. Whether you’re beginning to explore options or ready to take the next step, PGI is here to listen, guide, and help you achieve the outcome that reflects your goals and values.

No obligation. Just an trustworthy conversation about what comes next.

Every owner’s journey is unique, and so is the decision to transition. Whether you’re beginning to explore options or ready to take the next step, PGI is here to listen, guide, and help you achieve the outcome that reflects your goals and values.

No obligation. Just a trustworthy conversation about what comes next.