Case Study : Management Buyout of Family-Owned Business

The second-generation owners of a well established regional Home Improvement retail chain sought to transition ownership to company management. No family members were involved in company management, while the well-regarded company management team had very limited financial resources.

1. Kellogg worked with all stakeholders to evaluate their capabilities, needs and expectations.
2. Based on his analysis of the company and market, an equitable purchase price was established and agreed to by all parties.
3. Kellogg then developed a creative financing structure that allowed management to obtain ownership control, while minimizing seller taxes. At the same time, adequate financial strength was ensured at the operating company.
4. Kellogg oversaw the entire process, from evaluating all parties’ needs, to structuring the transactions, and pushing all parties to a successful closure.

Case Studies

• Management buyout of Family-Owned Business
• Return National Tour Operator to Profitability
• Quick-Casual Restaurant Franchisee obtains growth capital
• Medical Products OEM Supplier
• Employee Stock Ownership Plan
• Turnaround Operations and Obtain New Financing
• Strategic Planning and Outside CFO
• Lender With a Substantial Problem Loan
• New England Community Bank
• 40-Year-Old Family-Owned Apparel Manufacturer
• Fast-food Franchisee
• Jewelry Wholesaler
• Start-Up Construction Equipment Manufacturer

What Our Clients Say

“Dave has now done two tours of duty with Ageless Innovation. When we started the company, we knew we did not yet need a fulltime CFO, but we needed the knowledge and experience of a seasoned finance professional. Dave jumped right in to help us set up our banking relationships, establish our loan with the BDC-RI, set up and populate our systems and most importantly be a strong financial partner for the co-founders. Dave quickly became part of the team and helped steward us through the first couple of years. When the time came to hire a full time CFO, Dave helped with all aspects of the hiring and transition processes making it seamless.

Unfortunately, a year later we were back in the CFO search process and my first call was to Dave. Within hours we were meeting and the next day he was back in the office as our interim CFO helping us with another hiring and transition. Dave jumped back in and we never missed a beat. We still rely on Dave for advice and guidance and he has become a trusted friend to me and to the company.”

- Ted Fischer, CEO & Co-founder
  Ageless Innovation, LLC

Join Our E-Mail List