Scott Putnam was a successful businessman receiving 3-4 calls a week from parties interested in acquiring APEX Technology Management. But, he wasn’t interested. Scott had enjoyed building his business and he wasn’t looking for an exit strategy. Enter Scott’s friend, Scott Young. Scott Young had recently joined New Charter and was excited to share their unique ownership model with his friend. Scott Putnam was intrigued! “Scott Young is someone I really like and respect, ” he explained, “he shared that I can continue to run and grow the business and I thought, ‘He’s a really smart guy! If he’s interested… This is something I should look into!’” And he did.
Scott really liked that New Charter never acquires companies that are “for sale”. Instead they are only looking for companies with established leadership that plans to remain and continue to run the business. This sounded like the perfect opportunity to have his cake and eat it too. Stay in the game and continue to enjoy accelerated upside potential while also taking some chips off the table.