In this installment of the series, A Journey To Acquire, we will explore the first meeting with the target company that we are attempting to acquire in conjunction with a private equity firm partner. Previously we have written about initial elements of the process including, partner selection, composing a target list and making initial contact with a target company.
Our initial meeting with the target company, will be to gain a perspective on the Chief Executive Officer and his sense for the potential viability for a transaction based on his knowledge of and experience with the Board of Directors that would have to approve any transaction. After several calls and e-mails we were able to confirm our initial meeting.
I spent a restless evening, the night prior to the meeting, pondering the possibilities should we have a receptive meeting with the prospective acquisition’s CEO. In the morning I awoke early and prepared for the meeting. I had to pick up an associate from the private equity partner that I have elected to work with, that was flying in to join me for our meeting. His flight arrived on time and we proceeded to the industrial community where the company is headquartered.
The company is a manufacturing company with 2 facilities located within a mile of each other. We arrived at the company headquarters and drove around the primary manufacturing facility which comprises a city block before parking and entering the offices for our meeting.
The target company meets our criteria for having a revenue base of $200 to $500 million. The company also has an acceptable Ebitda and is in a category that provides additional roll up opportunities with other complimentary companies in the category. We will spend the next few hours meeting with CEO and touring the manufacturing facilities. Following that we will make an assessment based on what we have seen and heard as to whether it makes sense for us to continue to pursue the target company.
In our next installment we will share what we gained from this initial meeting and what our next steps in the process will be.
CEO4ADAY TOPS 1,000 VIEWS IN A SINGLE DAY !!!!!!!!!!!
Posted in A journey to acquire, business, economy, entrepreneurship, politics, tagged A journey to acquire, American Recovery Act, American Recovery and Reinvestment Plan, blogging, business, CEO, commentary, economy, entrepreneurship, politics, U.S. Office of Entrepreneurship on February 11, 2009| Leave a Comment »
Ceo4aday the blog which offers ” perspective from a corner office” and commentary on politics, the economy, business and entrepreneurship, experienced its’ first single day yesterday of 1,ooo+ views. The blog which was launched in December, 2008 thanks all its’ readers for your interest and support.
We continue to support the initiative to create the United States Office of Entrepreneurship.Please check our archives for additional information regarding the USOE. Our series “A Journey To Acquire” resumes with the next installment this week.
You can also view our commentary on the American Recovery and Reinvestment Plan at www.Americanrecoveryact.blogspot.com.
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