Transferring MSAs pre or post close in asset sale?
For those that have done asset deals, how did you handle the process of transferring MSAs? And when in the process did this happen?
I’m under LOI on a business with lots of repeat clients but not many long term contracts. Work is predictable because of mandated demand, but still executed mostly as projects. The owners position is that we can notify customers of the new entity post close because he is nervous about doing it pre close in case the deal doesn’t go through. I understand that, but am also nervous that there could be issues post close if customers balk for whatever reason. I think it’s unlikely, but want to know:
How have others handled this?