We will go through with many standard elements of proper due-diligence for buying a business
but at the heart of what we do is get to know what has made your business successful and
identify ways we can help it grow and thrive.

We also will spend time to understand what role you prefer to have in the business going
forward. We expect that any seller will want to have involvement through a transition period so
that we can implement a smooth transition. We are also open to a range of involvements for
the seller post-transition, provided that we can identify a role that makes sense for all involved.

Our Approach
The Legacy Network is committed to bringing together quality businesses, investors, and owner-operators for the purpose of investing in the future growth of the seller's business legacy. Every acquisition opportunity will be screened by both the criteria discussed on the Our Criteria page, as well as our ability to manage the company for the long term. We ask ourselves the following questions in making this determination:

Leadership: Do we have a person in place to step in as the owner-operator and to be the key driver of the long term success in the business?

Commitment: Do both partners feel strongly enough about the business opportunity to offer guidance and mentorship to support the ongoing success of the business?

When someone from The Legacy Network acquires a business, we collectively make a significant commitment to the business and its long term performance. For this reason we are looking for buyers who are likewise committed to working with us so that we can do the best possible job at taking over and building upon their legacy.

The Acquisition Process
While the steps in every acquisition are common, we are determined to provide as much transparency as possible throughout the process to facilitate a smooth and timely transaction, and to ensure that we establish a foundation of mutual trust and respect. The typical steps in the process that an owner could expect once the business has been identified are as follows:

Preliminary Meeting and Business Walkthrough - A Partner will meet with current ownership to discuss the business' history as well as the aspirations of the current owner. This visit typically includes a tour of the facility and where appropriate, discussion with key personnel.

Valuation - We will conduct a preliminary valuation based on financials provided, discussions with owners, and early market research. The key goal is to provide an attractive valuation to the seller while also ensuring that the business can sustain acquisition debt, provide cash flow for investment in growth, and provide a fair return to investors.

Term Sheet / Letter of Intent - We will provide a term sheet for the seller's review which will include all basics of the proposed transaction to include:


Purchase price
Financing and terms
Seller/buyer relationship going forward
Proposed time frame for due diligence, closing, and transition

We believe it is important to resolve all substantive issues at this letter of intent phase of the process. A well-written letter of intent provides a solid framework for the remainder of the process and helps strengthen a foundation of mutual trust and respect.

Due Diligence - Upon successful negotiation of the term sheet, we will conduct due diligence with the assistance of the seller.

Purchase Agreement - The purchase agreement will closely match the term sheet line by line and will typically go through a few iterations until completed on or around the closing date

Closing and initiation of the transition process

Building upon the Legacy
While many buyers focus primarily on the "deal" aspects of an acquisition, our primary intent is to prepare for the long term success of the business. Throughout the acquisition process, we will be focused on the requirements to operate the business successfully after the acquisition is complete. In particular, we focus on securing the foundation and growing the legacy.

Securing the Foundation
In a successful transition, we seek to step in and honor the relationships that the previous owner has established with customers, employees and suppliers. We expect to rapidly step in to a role where we can continue the business already established by the existing owner. We will also leverage our previous experience and expertise to improve management processes and increase the productivity of the enterprise to further enhance the performance of the core business.

Growing the Legacy
We also seek to grow the business legacy by improving the quality of the offerings to key customers and by building upon and developing new capabilities. We will do this by undertaking a comprehensive market assessment, by interviewing key customers and by analyzing current and potential technical platforms. We will seek growth in a number of ways - by increasing sales to current key customers, by renewing focus on currently underserved customers and by identifying new market segments where the business can provide a high value offering.

We believe that investing in growth is the best way to preserve the long term viability of the company. We believe that our process takes a holistic approach to buying a business. While others may focus on the transaction, we believe that success is driven more by what happens both before and after the transaction itself. Before we enter into serious negotiations to purchase a business, we make sure that we have a committed owner-operator prepared to invest his full-time energy into the success of the business. Throughout the acquisition process itself, we operate in a transparent and trustworthy manner. Finally, after purchasing a business, we both seek to strengthen current performance and develop new growth opportunities to secure the long term success of the business.