Steven Makes His Mark in M&A
“Every acquisition is a unique situation,” Steven says, making his mark in the mergers and acquisitions (M&A) industry.
The Harvard Business School grad has extensive knowledge on the business world. After six years with a Private Equity Group, Steven decided to start his own M&A journey and venture out himself. So far, he’s purchased a total of eight business, including Turner Safety (a company offering safety training OSHA training in California), which he was introduced to by The Firm.
Today, Turner Safety now falls under Hawkeye Safety, a Kairos Company, which Steven founded. Hawkeye Safety provides occupational safety training and solutions for construction and general industry clients. The acquisition of Turner Safety with The Firm not only strengthens the capabilities and credibility of Hawkeye, but also decreased direct competitors in the region.
“Once you have studied an industry and know it well, it can be beneficial to go deeper into that industry,” Steven says. When it came to Turner Safety, Steven was determined to find ways to grow within that industry, and he did. “We identified an attractive aspect of the safety market is staffing.”
His most recent acquisition that fits right in is Farr’s Custom Carbide, LLC. Farr’s is a full-service woodworking tool company that offers services for new tooling and reconditioning of your existing tooling. Steven’s new business prides itself on only providing quality custom tools built to your drawing or wood sample.
As a young, fortunate and hard-working entrepreneur, Steven has a secret: focus on the people. He says the one important aspect of successful bolt-on acquisitions for business growth that is typically overlooked in the chaos of due diligence is the people.
“It’s important to spend a lot of time with the employees ahead of time,” Steven says. “Make sure everyone is excited about the acquisition. Ask them what makes the company a special place to work.”
Steven continues to work with The Firm in finding additional opportunities that align with his current portfolio – truly making his mark on the M&A world.
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