What Is Life Like Under Private Equity Ownership?
Update: 2020-02-13
Description
How does life at a family business change after being acquired by a private equity firm? We were recently joined by Marc Calcaterra, CEO of Torsion Group Corp, a manufacturer and distributor of garage door parts and accessories. In this interview, Marc discusses his discuss his experience working with a private equity partner since being acquired in 2016. Among other things, Mark covers:
- What caused Torsion Group Corp to seek a transaction
- Why the company chose private equity over other deal options
- Fears associated with partnering with private equity
- Benefits and challenges of working with private equity partner
- Reporting requirements under private equity ownership
- Decision to retain equity in the business
- Advice for owners looking to sell their businesses
- Biggest difference between being family owned and private equity owned
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