CBIT hooks up buyers and sellers of businesses

SARANAC LAKE | In 2018, Saint Regis Canoe Outfitters owners Dave and Rivka Cilley reached out to the Adirondack North Country Association (ANCA) and the Saranac Lake Area Chamber of Commerce (SLACC) about a new program designed to help North Country small businesses transition to the next generation of owners. Over the course of five years, ANCA’s Center of Businesses in Transition (CBIT), would help connect the Cilleys with the right buyer, as well as a team of local providers and technical services to support them through the transition process.

With the goal of assisting more businesses like the Canoe Outfitters, which was purchased by employees Maeghan Farnham and Steve Cerri in July 2023, the CBIT partnership has announced upcoming networking and learning opportunities that aim to connect retiring business owners and prospective buyers with customized business transition support.

Read the full story in the Sun Community News.