Unless you are operating your MSP in stealth mode with little to no web presence, odds are that you receive inquiries from private equity groups (PEGs) on a near-daily basis. While this is flattering and can be exciting, it is important to first understand a few basics of how PEGs work, and second, appreciate the…
Founders recently celebrated its 20th Anniversary, a truly memorable experience. Held at the beautiful Pursell Farms in Sylacauga, Alabama, the 3-day celebration was filled with exciting activities, delicious food, and quality time with co-workers and friends of the firm. We could not have asked for a better way to celebrate such a significant milestone. The…
Last week during our Restaurant Roundtable, we had a fruitful discussion covering a number of subjects with our good friend, Kathleen Wood of KWP. Kathleen has not only consulted with many emerging brands, but also helped lead the rapid and successful growth at both Walk-On’s and Raising Cane’s Chicken Fingers. Please see the below for a recorded video…
By: Billy Pritchard As founders begin to consider various capital transactions for their business, they are often focused on two primary deal structures: 1) selling 100% of the business to a strategic buyer, or 2) partnering with a private equity firm through a recapitalization. Depending on the personal objectives of the founders, as well as…
By: Nathan Kelly For our relationships in the early childhood education industry, we put together a summary of the latest Bright Horizons quarterly earnings report. We always recommend our clients listen to public company quarterly earnings conference calls, which can be found at this link for Bright Horizons. Public companies are required to disclose their…
By: Billy Pritchard Net Working Capital (“NWC”) is a critical component of any transaction involving the sale of a private business. As a seller, it is important to understand the concept of NWC, its impact on a transaction, and how to navigate the common deal terms we see in the Lower Middle Market. Keys to…