Ryan Lechner & Nico Gimenez – Searching with a Partner – Ep. 31

My two guests for this episode are Ryan Lechner and Nico Gimenez who have raised a traditional search fund together as partners called Bonsai Group and are a few months into their search. I’ve had searchers with partners on the podcast before, Sam Rosati being a great example, but I haven’t had them on the podcast before together. What made this episode particularly fun is Ryan and Nico are lifelong friends and it shows. Finding a partner for a search with aligned values can be very difficult and luckily for them they had a very long due diligence period.

In this episode we talk about why they chose to search as partners, how the role is divided now and might be upon close, how their outreach strategy has evolved, and a company with a very niche monopoly in surfing. Enjoy the episode.

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Full Transcript


Think Like an Owner Sponsors

Live Oak Bank – Live Oak Bank is a seasoned SBA lender focused on search funds, independent sponsors, private equity firms, and individuals looking to acquire small companies. Live Oak has closed billions of dollars in SBA financing and is actively looking to help more small company investors across the country. If you are in the process of acquiring a company or thinking about starting a search, contact Live Oak directly to start a conversation at liveoakbank.com/contactus.

Hood & Strong, LLP – Hood & Strong is a CPA firm with a long history of working with search funds and private equity firms on diligence, assurance, tax services, and more. Hood & Strong is highly skilled in working with search funds, providing quality of earnings and due diligence services during the search, along with assurance and tax services post-acquisition. They offer a unique way to approach acquisition diligence and manage costs effectively. To learn more about how Hood & Strong can help your search, acquisition, and beyond, please email one of their partners Jerry Zhou at jzhou@hoodstrong.com

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