COO Discusses First Few Months Under Private Equity Ownership

02/08/20 • 26 min

We sat down with Mike Tiner, COO of Andover Corporation, to discuss his recent experience in the private equity acquisition process. Just four months removed from Andover's sale, Mike covers the following topics, among others, from management's perspective:

Whether to sell to management, a strategic, or a private equity firm
What Andover was looking for in a partner
What to expect from due diligence
Communication with employees during the sale process
Preserving company culture post-acquisition
Advice for owners considering a private equity exit strategy

Whether to sell to management, a strategic, or a private equity firm
What Andover was looking for in a partner
What to expect from due diligence
Communication with employees during the sale process
Preserving company culture post-acquisition
Advice for owners considering a private equity exit strategy

Next Episode

Senior Operating Partner's Role at Private Equity Firm

We recently sat down with Harry Shimp, Senior Operating Partner at MCM Capital, to discuss his role at the firm and its portfolio companies and thought you might find it interesting. Among other things, Harry covers:

Types of issues a CEO of a portfolio company should discuss with a senior operating partner
Setting the communication and reporting cadence between the portfolio company and senior operating partner
What management teams should expect from weekly calls with a senior operating partner
Characteristics that make a potential portfolio company attractive to a senior operating partner
Maintaining a company's culture after a private equity acquisition
Advice for business owners considering selling to a private equity firm

Well Capitalized - COO Discusses First Few Months Under Private Equity Ownership

Transcript

00:00:00.029

hello and welcome to well-capitalized I'm your host Bobby Kingsbury managing director at MCM Capital Partners today I have with me Mike Tyner chief operating officer at andover corporation thank you for being here Mike and welcome to be here Mike it's it's an interesting experience right now in a unique time for you given the fact that you're fairly new after the acquisition we just acquired Andover corporation roughly four months ago so you have a lot of fresh inform