Situation
Date
March 2023
Location
Southern U.S.
Type
Industrial Services
Majority Acquisition
Partnership Dynamic
Founder-owned company looking to sell to focus on other interests
The founder of a reputable water well service company sought a buyer who could provide new leadership to the company while preserving the company’s deeply-rooted values
Solution
We acquired a majority interest and successfully recruited next generation leadership
Value-Add Governance
We established a board of directors with deep industry experience and a commitment to uphold the company's culture
Equity Upside
We structured an incentive plan to provide equity upside to leadership
Digitalization
We introduced software to streamline operations and accelerate marketing
With Portrait's mentorship and the leadership team's industry expertise, it's a perfect match.
The company's founder
Result
The team has remained intact and morale is high. The company has maintained its foundational principles and is preparing for growth