We are looking to buy an established business from a retiring owner and invest our energy and resources to carry its legacy and grow it steadily over a long period.
Our team includes an operator, advisors from diverse backgrounds, and notable capital partners. We want to make things last and build on the company’s legacy. We will continue creating value for both employees and clients. We understand the challenges of ownership change and strive to keep the process as simple as possible.
With our lead investor and operator boasting over 15 years of experience in finance, technology, and leadership, we are an excellent succession partner.
We are excited about stability and the prospects of home service businesses that have proven their resilience during economic downturns. Home services we are looking for include but not limited to HVAC/refrigeration, plumbing, electrical, remodeling, general contracting, roofing, concrete, water treatment businesses.
We are also interested in specialized service businesses, catering to niche markets with loyal customers and not too many competitors. These specialized services that tend to do well even when the economy isn’t great and provide stable employment. For instance, think of fire safety, home care, or medical billing.
We want to buy a great business with at least 10 years of history, boasting solid EBITDA (or SDE), ideally between $800k and $1.5MM. We want to work with a strong team already in place. We offer a plan for the current owner's legacy and succession. Whether they want to stay or leave gradually, we're flexible and easy to work with.
We like simple businesses that have high margins, don't require tons of people, and have a competitive advantage that protects them from competitors.
Getting to know each other and understanding how the company works financially and operationally to see if we're a good match. We decide quickly. Time is precious.
Getting on the same page about the details of the acquisition. We know it’s hard and time-consuming, we keep it as simple as possible. And, again, time is precious.
As we reach an agreement, we create a plan for the transition. We work together with the existing management team, building on their expertise.
Stick with what the company stands for, build on its reputation, keep delivering great products and services, elevate the team and focus on growth.
Tamas studied finance and management at top business schools in Europe. He also earned a CFO charter from Columbia Business School. After starting his career at KPMG in Budapest, Hungary, he moved to New York in 2009 and has served as CFO of a real estate company that grew from 8 people to over 200 in a decade. Inspired by his experience, Tamas decided to use his knowledge to run his own business. He's quick to learn and easy to work with.