Purchase Criteria
Finding the Right Business for Long-Term Growth
GeographY
I live just north of Chicago in Bannockburn, Illinois. With three kids in school, I’m rooted to the area and focused on purchasing and growing a business within a one-hour drive of this location.
Seller’s Discretionary Earnings
I’m searching for a business that generates SDE between $450k - $1.2m. Perhaps your business just hit those metrics, or maybe it has been in that range for a number of years. Either way, I’m interested in learning more.
Industries of Interest
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Service companies
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Med spas
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Equipment dealers
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Transportation
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Parts distributors
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Street striping/cleaning
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A whole host of others.
Industries I’m avoiding
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Restaurants & bars
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Heavy manufacturing
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FedEx routes
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Gas stations
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Liquor stores
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HVAC
Traits that PIQUE My INTErest
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Recurring revenue
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Customer diversification
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Government contracts
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Opportunity to grow business (organically and inorganically)
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Opportunities to substantially improve efficiencies
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Priced @ 2-4x SDE
Business Owners
Why should I entertain selling my company to Eric?
I’m sure you have been approached by numerous potential acquirers ranging from tire-kickers, dedicated searchers and perhaps even private equity groups. I know how this works. I had the same experience when I was on your side of the table as the founder of an education technology company, that ultimately exited to a private equity-backed company.
I’m not here to waste your time, or mine.
I’m 100% committed to finding the right business that I can purchase, manage and grow for the next 10-15 years.
What has Eric done before?
how do I know he won’t run my company into the ground, harm current employees or my reputation?
My career has taken me down various paths but, throughout all the turns, I’ve managed to be successful thanks to the people I have worked alongside. I’m sure you are the same. A few professional and educational accomplishments include:
COO of $550M Community Foundation
COO of $600M+ school district, responsible for Finance, HR, Operations, Facilities, Food service and Risk Management
Chief of Staff for $600M+ city government, focused on increasing revenues, decreasing expenses and improving efficiencies
Founder of edtech company, Whetstone Education, which grew to $3M + in revenue before selling to a PE backed company
Founding COO of a school network, growing the team from 2 to 200 employees and $0 to $12M in revenue in 6 months
Elementary teacher with Teach for America program
MBA from Tulane University
Investors
Thank your for considering investing your trust and hard earned money in me.
I’m not trying to reinvent the wheel. I plan on raising funds similar to how most in the SMB space do. Ultimately, I will raise $300k - $600k, depending upon the purchase price of the specific business I identify. Investors will receive the following:
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Preferred Annual Return
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Preferred Equity Step-up
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Information Rights
Should you be interested in learning more about this deal structure, I welcome the opportunity to connect.
ABOUT ME
Husband
Dad
2 Dogs
Love boating, Mardi Gras, the New Orleans Saints, Ohio State and recreation sport leagues of all types.
