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Why would someone—anyone—first acquire a fledgling business in their 30’s, invest 20 years building it into one of the most successful firms in its industry, choose the best fit next majority investor in a successful capital gain transaction, then retire from the business and join the public sector as a civil servant…only to acquire the business back again nine years later?
Eugenie is an animated and extroverted student Entrepreneur Owner-Manager who attended the Mindset:Entrepreneur discussion I led in Kigali, Rwanda recently. I was visiting there with a few other members of the Southern New Hampshire University (“SNHU”) governing board, it’s senior leadership team, and SNHU students.* Our goal was to learn and think about the SNHU pilot program delivering online education there at the UN Refugee Camp at Kiziba, and in three other locations.
From time to time, we are asked by prospective clients (or their advisors): “Should we engage an M&A advisor who specializes only in our industry?” The notion goes to the question of whether those who work solely with clients in a single vertical industry bring more knowledge, wisdom, or necessary contacts than those who work in multiple industries. It is an intriguing question to us because our firm, now in its 85th year, has a clear specialty, but it’s not a single industry.