sellingprocess
How to sell a business to a holding company (a founder's guide)
What selling to a holding company actually looks like — from first conversation to close, and everything in between.
November 15, 2024
THE JOURNAL
Writings on permanent capital and business.
Essays and field notes on buying, building, and stewarding great businesses forever.
permanent capitalprivate equity
Permanent capital vs. private equity: the real differences for sellers
What PE firms and permanent capital holding companies actually have in common — and where the differences are real and meaningful.
September 20, 2024
permanent capitalculture
What 'hold forever' actually means — and why it matters for your team
The phrase 'hold forever' gets used a lot by acquirers. Here's what it means in practice and why the distinction matters for your employees.
July 10, 2024
distressedfounders
A founder's guide to selling a distressed business
Selling a business that's in trouble — financially, operationally, or structurally — is harder than a clean deal. Here's how to approach it.
May 22, 2024
processdiligence
How we close acquisitions in 30 days without cutting corners
A fast close doesn't mean a sloppy close. Here's how we run a compressed diligence process that protects both parties.
March 18, 2024
cultureafter close
What happens to culture when a holding company buys your business
Culture is one of the things founders most fear losing in an acquisition. Here's what we've seen — from our own portfolio and from observing others.
January 30, 2024