He was concerned about balancing his growth needs with the needs of his family.
Then he met the Muir team. Diving deeply into the market opportunities, the competition, and the owner’s personal objectives, Muir helped to develop a new and industry-changing service line in collaboration with the company’s leadership team. Muir then crafted a compelling story of business sustainability, competitive advantage and expected growth for potential investors.
Plan in hand, Muir identified two dozen private equity firms that would be a good fit for the company and helped the CEO and his team through due diligence. As a result, the CEO received multiple offers, at a valuation that provided the CEO with cash to take care of his family needs while retaining his CEO position and a significant amount of stock.
Over the next six years, Muir worked closely with the CEO and executive team to grow revenue, earnings, and the valuation of the business. Muir tracked the key performance metrics, advised the company on the most valuation-efficient allocation of resources, and drove the acquisition of a strategically game-changing software company. Paul jumped in with data-driven analysis and insights on strategically important operating issues and value propositions transforming the company from a systems integrator into a highly valuable, high growth potential, software and services firm that would command much greater multiples.
Despite COVID’s impact on new orders and product backlogs – the company was acquired by a leading, private equity-backed, strategic buyer at a valuation ten times higher than the company’s value when Muir first became involved. The CEO enjoyed the career achievement of building a large scale, market leading business, and reaped more than three times in cash-out proceeds than if he had sold the entire company before Muir’s involvement despite having sold the vast majority of his company stock six years earlier.