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The main themes are the case study company's reasons for choosing private equity, alleviating initial fears, benefits of the partnership like added resources/expertise, increased accountability, and advice for other owners considering an exit to private equity.
Owners curious about life after private equity acquisition can learn more from this seller's experience
Full Interview: What Is Life Like Under Private Equity Ownership?
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Suggest questionHow does life at a family owned business change after becoming a private equity portfolio company? In this episode of Well Capitalized, MCM interviews Marc Calcaterra, CEO of Torsion Group Corp., a manufacturer and distributor of garage door parts and accessories that was acquired by MCM Capital Partners in 2016. Among other things, Marc discusses:
• Management's reasoning for pursuing a transaction. (1:15) • Why he chose private equity over other options? (2:13) • What was his biggest fear in partnering with a private equity firm? (4:05) • Are Marc's challenges/concerns different 2 1/2 years into the transaction? (5:42) • What has been the most dramatic change after the acquisition? (6:42) • What are the reporting requirements like under private equity ownership? (7:34) • Benefit of having a sounding board to make strategic decisions. (9:08) • Why did he reinvest/retain equity in the business when he no longer had "control"? (10:42) • What are the advantages and disadvantages of partnering with a private equity firm? (11:55) • What advice would you give to a business owner looking to sell their business? (13:32) • What is the biggest difference between being family owned and private equity owned? (14:54)
MCM Capital Partners is a Cleveland, Ohio based lower middle market private equity firm focused on partnering with niche manufacturers and value added distributors generating over $10 million in revenues and between $2-$8 million in EBITDA. We aim to drive value creation and top line growth at our portfolio companies through deep industry experience, operational expertise and business development support.
About MCM Capital
How does life at a family owned business change after becoming a private equity portfolio company? In this episode of Well Capitalized, MCM interviews Marc Calcaterra, CEO of Torsion Group Corp., a manufacturer and distributor of garage door parts and accessories that was acquired by MCM Capital Partners in 2016. Among other things, Marc discusses:
• Management's reasoning for pursuing a transaction. (1:15) • Why he chose private equity over other options? (2:13) • What was his biggest fear in partnering with a private equity firm? (4:05) • Are Marc's challenges/concerns different 2 1/2 years into the transaction? (5:42) • What has been the most dramatic change after the acquisition? (6:42) • What are the reporting requirements like under private equity ownership? (7:34) • Benefit of having a sounding board to make strategic decisions. (9:08) • Why did he reinvest/retain equity in the business when he no longer had "control"? (10:42) • What are the advantages and disadvantages of partnering with a private equity firm? (11:55) • What advice would you give to a business owner looking to sell their business? (13:32) • What is the biggest difference between being family owned and private equity owned? (14:54)
MCM Capital Partners is a Cleveland, Ohio based lower middle market private equity firm focused on partnering with niche manufacturers and value added distributors generating over $10 million in revenues and between $2-$8 million in EBITDA. We aim to drive value creation and top line growth at our portfolio companies through deep industry experience, operational expertise and business development support.
www.mcmcapital.com