DALLAS, Nov. 27, 2012 /PRNewswire-iReach/ -- Dallas businessman and humanitarian William "Bill" Esping recently announced that his company, EFO Financial Group, LLC, has acquired Dallas' The Realtime Group. The Realtime Group provides product development, project management, and product testing to help small businesses and inventors develop their ideas and bring them to market. By acquiring The Realtime Group, Bill Esping furthers his commitment to helping small businesses gain the financial and technological assistance they need to succeed.
On September 1(st), 2012, Bill Esping's EFO Financial Group, LLC directly invested in the Realtime Group, becoming an owning partner with a seat on the board of directors. EFO personnel bring decades of management experience that will help guide the Realtime Group. In speaking of his plans for the already profitable company, Bill Esping notes, "We're looking to make it grow exponentially," and is confident that the expertise and support of EFO Financial Group, LLC will foster this growth.
William "Bill" Esping performed the due diligence for this acquisition and targeted the company because of his focus on building small businesses. The Realtime Group gives small businesses technological assistance to bring products to market; however, most of these companies also need the investment capital EFO Financial Group, LLC can provide. By investing in The Realtime Group, Bill Esping not only generates higher deal flow for EFO Financial Group, LLC, but also provides a starting platform for new and innovative business ideas.
Based in Dallas, Texas, The Realtime Group provides clients with product design, development, and testing; project management; process and product validation; and risk assessment. They focus on embedded control systems and applications in medical, biotechnological, aerospace, mechanical, and industrial systems. By providing a wide range of services, they allow customers to cultivate an ongoing, broader business relationship that is more cost-effective and efficient than continually finding new partners for new services. By adding their investment capital capabilities, EFO Financial Group aids this mission and further reduces the number of new business relationships each fledging company must build.
EFO Financial Group's acquisition partner for the venture is Mr. Dave Felio, who is assuming the role of Realtime's CEO. Felio previously co-founded, grew, and successfully exited an aerospace and defense company in the Dallas-Ft. Worth area; then subsequently ran a division of a top-tier US defense contractor. Felio serves on UT Arlington's College of Engineering Board of Advisors, and shares William "Bill" Esping's enthusiasm for regional business growth.
William "Bill" Esping and EFO Financial Group, LLC are no strangers to providing business investment, leadership, and startup capital. As Co-Founder, Principal of the Manager, and half of the Investment Advisory Board, Bill Esping uses his twelve years of investment advising and experience leading BlastOff Ventures to steer EFO Financial Group, LLC to success. They target investments ranging from $2 million to $50 million with potential for high returns and community development. Notable past and current investments include Palm Beach Tan, The Laser Spine Institute, and numerous real estate investments across the country.
About Bill Esping Business News
BillEspingBusinessNews.com is the authorized news source for Dallas entrepreneur William "Bill" Esping. Bill Esping cofounded and leads EFO Holdings, LP, Cypress Lending Group, Ltd. and the PMC Esping Foundation. Helping those without adequate access to legal help and counsel is just one of the many ways he and his family have given back to the community, through the William "Bill" Esping Lawsuit and Fraud Support Initiative. He is a major contributor to Dallas charities, including the Dallas Children's Advocacy Center, KIPP Truth Academy, and The Arts Community Alliance. His involvement in the Esping Family Foundation and other charities benefits organizations such as the Dallas Arboretum.Media Contact:
Bill Esping Business News Bill Esping Business News, 2142679190, firstname.lastname@example.org
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