PE Bids℠ - Overview
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STATISTICAL DATA/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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MANAGEMENT
Founded by Bryan Scott Schaffner, PEBids™ has the aim of helping owners/founders source suitable acquirers so each of these sell-side clients can make the most of their years' of effort for themselves, their families, stakeholders, long-time personnel, key clients, preferred vendors and all of the other important contributors to their business journey. Having founded and sold companies in telecom/mobile, financial services and tech/software market segments among others the 1990's, 2000's and 2010's, he understands the importance of having the insight and support of others when going through the complex processes of not only building but also while endeavoring to find the proper fit when contemplating exiting - the decision by an owner/founder of selecting the right acquirer is as crucial as any made in the entire business lifecycle. With a dozen plus years of M&A-specific experience, he works with more than one-hundred Private Equity firms, Family Offices, UHNWIs and Strategic acquirers on the buy-side with reach to over one-thousand other qualified buyers. The majority-control acquisition opportunities that he has sourced and introduced to his buy-side clients over the years have been/are generally comprised of family-owned or founder-led companies with $1m EBITDA to $10m EBITDA - versed in the specifics of his clients' respective criteria, the opportunities have spanned a myriad of geographical-preferences and sectors/subsectors including but not limited to IT/MSPs, SaaS/Software/Apps, Cybersecurity, Telecom, Data Centers, AI/ML, Financial Services, Fintech, Proptech, CRE/Multifamily/SFR Construction, 3PL/Logistics, Metals/Mining, Commercial/Residential HVAC, Commercial Landscaping, Injection Molding, Industrial Manufacturing, Concrete, Steel Fabrication, Oil & Gas, Food & Beverage, Retail/CPG, Spirits/Craft Beer, Venues/Attractions, Sports Marketing/Sponsorships, Healthcare-related facilities, Vitamins/Supplements, Pharmaceuticals, Biotech and Health/Wellness.
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