Florida-based Bridge Ventures has obtained another private equity client for its capital access programme, under which potential acquirers have hired Bridge to assist them in identifyin
Florida-based Bridge Ventures has obtained another private equity client for its capital access programme, under which potential acquirers have hired Bridge to assist them in identifying and screening independent companies for potential investment or acquisition.
Greg Dupuis, Bridge’s president (pictured), says: ‘Under the traditional industry model that has existed for years, the owner of a private company would hire us to help them sell all or part of their company. We recognised this model did not meet the needs and concerns of many private business owners. Our new program allows private business owners to explore their options yet, they pay no fees, are under no contract with Bridge, and do not disclose sensitive information or waste precious time with unqualified buyers.’
A diverse range of options is often available to private business owners such as the complete sale of their company, minority and majority investments, recapitalizations, management buyouts, controlled succession planning, and capital infusions.
Bob Abood, executive vice president of Bridge, says: ‘I am excited to be part of this exclusive program which opens up additional channels for private business owners to access capital. It is the right programme at the right time in our economy and it will allow entrepreneurs to create additional value both for themselves and their companies.’
Bridge now has nine clients in the programme consisting of public corporations, large private companies, and private equity groups. Combined, Bridge’s clients have over USD2bn of capital ready to invest.
Bridge Ventures is a middle market merger and acquisition advisory firm specialising in assisting privately held businesses with annual revenues from USD1m to USD50m.
