Management Teams - Hermitage Equity Partners : Business Acquisitions and Value Creation

For Management Teams

A Trusted Business Partner, Experienced in Unlocking Corporate Value

Hermitage Equity Partners prefers to buy companies with strong management teams already in place. The firm will provide its management teams with not only capital and strategic and operational support, but also a vehicle for accelerating career growth and the building of personal wealth. Hermitage Equity Partners wants its management teams to share in the success of their labors, so key executives of each portfolio company are invited to participate in the ownership of the newly acquired entity. In addition, our management teams have incentive plans that tie annual operating performance to long-term value creation.

Hermitage Equity Partners prefers to work with management teams that are self-starters and appreciate the value of hard work. Management’s interaction with the firm occurs at the board level, meaning that we do not intend to interfere with the management’s daily activities of running their businesses. Moreover, Hermitage Equity Partners intends that its interactions with management be impactful and value-added. Our goal is to assist management in growing and improving their businesses, not to introduce an additional layer of scrutiny or oversight for its own sake.

We understand that the foundation for the eventual success of our investments is built upon a close working relationship between the firm and the managers of its portfolio companies. Given the fundamental importance of these relationships, Hermitage Equity Partners pledges to build partnerships with its portfolio company executive teams, based upon the following core principles:

  • A commitment to professionalism, hard work and personal integrity
  • A pledge of transparent and complete disclosure of information
  • A receptiveness to both giving and receiving feedback, delivered positively and constructively
  • A shared vision and alignment of interests with management
  • A commitment to win (or lose) as one team
  • A perspective of not forgetting to have fun