PE Bids℠ - Overview
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STATISTICAL BASIS FOR OUR BUSINESS MODEL & APPROACH
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According to available USA Census data, a significant majority of businesses with $5 million or more in revenue are not sold, with estimates suggesting that only a small percentage of businesses in this revenue bracket actually change hands, meaning most remain unsold.
Number of privately-held companies in USA with $5 million+ in annual revenue:
327,589
Source: USA Census Data from 2012
According to Gemini AI the reason for this is: "Owner preference to retain control - Many business owners who build companies to a substantial size prefer to maintain ownership and control, opting not to sell even when presented with acquisition opportunities. Market factors and valuation challenges- Finding the right buyer at a suitable valuation can be difficult, leading some business owners to decide against selling."
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Number of USA-based Private Equity firms:
2010: 4,300
2022: 12,000 (representing controlling interest in more than 62,000 companies**)
Source: Institutional Investor
**As of September 2023, the number of private equity and venture capital-backed companies amounted to over 62,000 in the United States.
Source: Statistica
Most Private Equity firms majority-own at least one (or are in the process of acquiring their first portfolio company/”portco”) if not many dozens of portfolio companies, so the Private Equity universe is actually comprised of many tens of thousands (62,000+) of private companies.
It is from this universe of Private Equity firms and their portfolio companies - each of which are seemingly perpetually seeking Platform and/or Add-On acquisitions - that we procure interest and, ultimately, generate offers and bids (in the form of IOIs and LOIs) on behalf of our Business Owner clients (specifically, owners of profitable privately-held companies with between $15m to $120m in Annual Revenue).
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