Sunbelt of Cedar Rapids Announces New Ownership

CEDAR RAPIDS, IA, January 30, 2008 – Sunbelt, the world’s largest business brokerage network, introduces Maurie Cashman as the new office owner of the Cedar Rapids office. Mr. Cashman recently acquired the business from its previous owners, Roger Hutson and Matthew Ashburn.

“I have spent more than 25 years developing and growing companies of all sizes,” stated Maurie Cashman, Sunbelt of Cedar Rapids owner. “I look forward to sharing my knowledge and experience with the business owners in Cedar Rapids and surrounding counties.”

Mr. Cashman’s experience prior to joining Sunbelt includes 19 years at Land O’Lakes serving as Controller and Director of Business Development during which time he developed a start-up business that grew to over $150 million in sales with operations in ten states. He has led negotiations on acquisitions, joint ventures, contractual relationships and divestitures. Maurie has recently relocated to Cedar Rapids with his family and enjoys golf, racquetball and woodworking.

The Sunbelt of Cedar Rapids office specializes in sales aligning business buyers and sellers across a range of markets, including Main Street businesses (gross revenues of $2 million or less and mostly owner-operated) and Middle Market businesses (transaction values between $2 million and $30 million). Sunbelt of Cedar Rapids’ focus compliments the area’s growing business climate, comprised of industries such as manufacturing, agribusiness and technology.

Sunbelt was founded in 1978 in Charleston, South Carolina and began franchising in 1993. The company specializes in helping individuals and companies buy and sell businesses in all four areas of the private business market: Main Street, Franchise Sales, Franchise Resales and Middle Market. There are currently 325 offices on six continents. To learn more, please visit www.sunbeltnetwork.com.