Anatomy of a Deal: Mergers and Acquisitions for the Family Business
We addressed personal growth through failure in Q1, overcoming adversity in Q2, and now it is time to look at the big picture. The third installation of the 2019 Event Series on Growth will focus on growing a business through mergers and acquisitions.
Through stories of M&A from the family business perspective, we will be exploring the opportunities and challenges on both the buy and sell sides. The goal is to provide attendees with actionable frameworks that can be applied during M&A activity.
The format of this program will give an overview of the basics of M&A, two family business perspectives, and a panel discussion with family business and legal professional representation to dig into what really goes down when making a deal.
Matthew Allard: Partner, Brightstar Capital Partners
Matthew Allard was born and raised in Grand Rapids and maintains deep family and professional ties across western Michigan. He is a passionate Wolverine fan, having graduated from the University of Michigan with degree in Engineering. Matt is a Partner at Brightstar Capital Partners, a private equity firm focused on investing in closely held, family-owned middle market businesses. He currently serves as Vice Chairman of the Board of QualTek and as a Board member of Texas Water Supply Company, both Brightstar portfolio companies.
Prior to joining Brightstar, Matt was Head of Financial Sponsors at Stifel where he was responsible for leading the firm’s Private Equity client coverage and execution efforts, was a member of the Investment Bank Management Committee and had extensive merger & acquisition, capital markets and relationship management experience across a range of industries. Matt started his finance career with Citi and Bank of America, and previously held positions in both consulting and operations. Matt received his MBA from Columbia Business School, Beta Gamma Sigma honors, and a BSE with a major in Industrial and Operations Engineering at Michigan. He is a Trustee of the King School in Connecticut.
Matt Kruer: Director of Senior Development, BISSELL, Inc.
Matt Kruer is an investment professional who currently leads mergers & acquisitions efforts at BISSELL, Inc. Matt also supports the BISSELL family in their family office investing activities. Prior to joining BISSELL, Matt worked in Chicago for 8 years in various investment and advisory roles where he executed middle-market transactions across the consumer products, retail, and real estate industries.
Matt holds an BBA in financing and accounting from the University of Michigan and an MBA from Cornell University.
Matt is married to Alissandra and spends most of his free time chasing around his three children. Matt also enjoys playing tennis and basketball and is a long-suffering Detroit sports fan.
Doug Van Eerden: Van Eerden Food Service
Doug Van Eerden is Vice President of Van Eerden Foodservice, a 4th generation family-owned business based in Grand Rapids. Founded in 1920, Van Eerden Foodservice distributes food products and supplies to restaurants, schools and universities, and national chain accounts throughout the Midwest. Van Eerden Trucking, a sister company to Van Eerden Foodservice, started in 1980, is a long haul trucking company which operates over 150 semi-trucks across 48 states.
In 2013, Van Eerden initiated a long term strategic plan to supplement their organic growth strategy with strategic acquisitions to further drive growth, expand product mix, and diversify its customer base through M&A. Since undertaking that initiative, Van Eerden has strategically acquired four companies located in Michigan under four unique and varying scenarios. Doug led the target company search, negotiation, and integration of these acquisitions which includes Evans Foodservice in Flint, Simon & Leeman Produce in Detroit, Frog Holler Produce in Ann Arbor, and most recently Preferred Produce in Detroit.
Doug will be speaking on the unique strategic opportunities that each of these acquisitions offered to Van Eerden, navigating pre-closing due diligence and negotiations, as well as the various challenges of the most vital component of any strategic acquisition’s success or failure – post-closing integration and operations.
Prior to joining the family business in 2010, Doug graduated from Hope College and worked 2 years at KPMG in Chicago in the Transaction Services division, conducting M&A Due Diligence on behalf of strategic and private equity clients. After joining Van Eerden in 2010, Doug spent time in purchasing, finance, operations, and now, as Vice President, is responsible for strategic planning and initiatives for Van Eerden Foodservice and oversees its produce subsidiary companies Frog Holler Produce in Ann Arbor and Preferred Produce in Detroit.
Max Barnes Dan Fuller Mike Chaffin
Miller Johnson BDO Fifth Third Bank
Join us on September 17th for a deep dive session into the process of M&A for family businesses. This event will be presented and hosted by Varnum LLP. Whether your family is actively considering a M&A deal or you want to be informed for the future, this zoned in session is perfect for you.
This is a member only event. As it is designed to be a small session, registration is limited. Register for this deep dive by selecting it as an add on option while registering for the September 11th event.
M&A Deep Dive
Tuesday, September 17
8:00 - 10:00AM
Jake Droppers - Partner, Varnum Law
Jake is a member of Varnum's Corporate Services and M&A Team. Jake's focus is in business and transactional work with a strong emphasis on mergers and acquisitions (M&A), private equity, venture capital and other commercial transactions.
Jake also has experience with day-to-day business issues from a legal perspective and has experience in corporate
structuring, succession planning, securities regulation and a wide variety of other commercial transactions. He has experience working with businesses ranging from early stage startups to mature, privately-held businesses of all sizes.
In addition to general corporate services, Jake is also co-chair of the Food Law Team. His food law experience includes compliance with FDA labeling requirements and the Food Safety Modernization Act. Jake also has representative experience with agricultural cooperatives and the Capper Volstead Act.
For more information, please contact Jake Droppers at 616/336-6893 or email@example.com
Peter Roth - Partner, Varnum Law
Pete’s experience is in business and transactional work, with a heavy focus on mergers and acquisitions (M&A), private equity, venture capital, family office and joint venture transactions. He also provides counseling with respect to day-to-day business issues of all types, including commercial transactions, contract negotiation, corporate structuring and succession planning.
Additionally, Pete has significant experience in laws unique to automotive suppliers, automotive dealerships, cooperatives including the Capper-Volstead Act, and 1031 exchange transactions.
For more information, please contact Pete Roth at 616/336-6429 or firstname.lastname@example.org