In addition to interacting directly with owners and operators, we welcome discussing acquisition opportunities in which third parties are acting as counsel to an organization.
In this case, we have basic guidelines regarding size, performance and situation of businesses we would want to own and operate.
A few factors are highlighted below; also, a one-page summary of criteria and contacts is here: printable version:
● Performance through one economic cycle
● Revenues greater than $5 million
● Operating earnings greater than $1 million
● Stable margins and fair return on capital required to operate business
● Niche segments with growth opportunities
● Debt free, or little use of it
For owners wanting to plan an eventual succession (not necessarily exiting the business immediately) or operating managers wanting to pursue an owner/manager role, Coventry League can provide compelling alternatives. And, we tend to share an understanding about preserving and developing a company's culture and reputation.
Our philosophy is to stress principles and a broader perspective about stakeholders. Doing so helps avoid many of the pitfalls that make dubious headlines. Additionally, we want to have fun along the way, and cultivate a creative environment.
The bottom line is we are adaptable and flexible, particularly given our operating and financial background: We are comfortable assuming a hands-on approach or a hands-off, mini-Berkshire Hathaway approach.
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