Whether you're actively looking to sell a portion or all of your company, or are just beginning to explore options for retirement years in the future, we'd be delighted to connect with you.
IT'S GREAT TO MEET YOU.
Adventur.es is an active investor in North American companies with $5 million to $100 million in gross revenues and $1 million to $10 million in net owner earnings (salary + net income).
ALLOW US TO INTRODUCE OURSELVES.
WHO: Adventur.es is an investor/buyer. The money invested is internal.
WHAT: Adventur.es invests in family-held companies with at least a three-year history of $1 million to $10 million in net owner earnings, generally buying 51-100% of equity.
WHEN: Adventur.es has been an active investor since 2007, and continues to actively seek opportunities.
WHERE: Adventur.es is based in Columbia, Missouri, and invests in companies headquartered in North America.
WHY: We have an active, profitable portfolio; a long-term hold approach; a strict no asshole policy; invest our own capital; and enjoy our work.
WHAT QUESTIONS CAN WE ANSWER?
What types of deals does adventur.es do?
We primarily buy a majority of equity in mature, profitable operating companies.
What won't adventur.es invest in?
We're fairly agnostic when it comes to industry - with a few exceptions. We're not interested in real estate-based (i.e. hotels) or real estate-dependent (i.e. gas stations) operations; oil, gas, or natural resource exploration; independent restaurants; or capital-intensives heavy manufacturing.
How much does adventur.es invest?
We most commonly invest between $2-20 million in companies that have between $1 million and $10 million of pre-tax net earnings.
How does adventur.es value a business and structure the investment?
We typically pay between 3X and 5X on a multi-year blend of pre-tax net earnings. Companies on the high end of the valuation spectrum have a stable and diversified client base, non-owner management in place and ready to transition, low employee turnover, and a below-average risk profile. Past deal structures have ranged from 100% of the purchase price funded at closing to as little as 25% with each deal customized to the seller's preference and company's risk profile.
How long does adventur.es hold its investments?
Our ideal holding period is forever. We don't need to return funds to limited partners (LPs) and never acquire with the intent to "flip" the business. When we buy, we're in it for the long term.
Does adventur.es "run" the business?
Absolutely not. Our model is to purchase companies with quality, established leadership in place, or co-develop a plan with the seller for new management to be installed that fits with the culture and needs of the company.
The adventur.es team is generally involved in a board level capacity, and helps where we can be helpful based on our expertise.
What does adventur.es require of its portfolio company leaders?
We treat company leaders like we expect to be treated and how we expect them to treat their employees, with candor, respect and thoughtfulness. We aim to support our leaders and help if we can be helpful. We maintain frequent contact with each company, regularly reviewing financial reports, attending strategic planning sessions, and counseling on issues ranging from human resources to business development.
What is it like to be an employee of an adventur.es-held company?
While circumstances vary by company, we maintain shared principles across the portfolio. We encourage long-term decision-making, aim for maximally flexible work environments, and don't tolerate typical office politics. We like things simple and straightforward, allowing everyone to focus on what matters.
How does the process work?
HAVE A QUESTION FOR US?