We don't have dozens of partner businesses with board seats given to salaried mid-level managers in the firm, with little to no 'skin in the game'.
We have a very limited number of businesses and founders that we work with at any one time, which allows us to do so in a true partnership fashion. Fewer partnerships means greater importance, focus and better outcomes.
This is especially the case when it comes to integration, which is where most M&A strategies flounder. Most acquirers are not set up to dedicate highly experienced integration specialists to work alongside the businesses they back deeply and for long periods of time. We do and it makes the difference, ensuring that each acquisition is fully integrated: one business, one brand, one team.
Our team are all personally financially invested (in some cases providing all of the equity financing) in the companies we partner with so that we are fully aligned with the founder. We are free from corporate bureaucracy and we are fiercely protective of our team size and flat structure so founders have full access to everyone at anytime. No egos, no politics, just aligned interests. This is how we work and we are proud of it.
We invest our own money in every business we partner with, and in some cases provide all of the equity. Where more capital is needed than we provide ourselves, a small number of family offices we have known for many years invest directly alongside us, on the same terms, in the same company, with their own votes and their own say on every acquisition. We do not manage funds or other people's money and we do not charge anyone for investing. Because nobody is working to a fund timetable, decisions are made when they are right for the business — whether that is 30 days or 30 years away.