SEARCH|BUY|GROW
Kennon Cove is on a mission to find and acquire a small - medium sized business in Australia.
Upon identifying a good candidate, Kennon Cove will work with the existing owners to facilitate a transfer of ownership and management.
Then Kennon Cove’s Principal will take the reins, manage the business going forward.
SEARCH
Kennon Cove is looking to acquire an existing business in the Australian market.
Kennon Cove understands that the key to small business success is a combination of strategy and hard work, so we are looking for businesses whose current owners represent both these facets.
Kennon Cove is supported by a pool of experienced investors who have worked with other experienced management personnel to acquire businesses under this investment model and bring a wealth of knowledge during the acquisition phase and beyond.
Post acquisition the Principal is heavily involved in the management of the business making this an entrepreneurial transaction rather than a private equity approach.
Why Kennon Cove?
Kennon Cove is named after the inlet beach in Flinders, Victoria. A cove being a safe haven for ships on a journey Kennon Cove is the first cove safe of the rough waters of Bass Strait. It hosts a scenic pier and is home to the leafy seadragon.
Principal Kelsey grew up in the town of Flinders and returned to live there post seven years living in Europe.
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Kennon Cove has set investment criteria, at a high level the acquisition target is currently generating between $2-5M EBITDA, has stable margins and consistent cash flows.
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Historically Small and Medium sized businesses change hands when the owner is ready to move onto their next adventure, often due to retirement. When a business is family owned and succession isn’t an option selling to a search fund is a good opportunity to exit to a buyer who feels equally passionate about your company.
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Kennon Cove is looking Australia wide for a business that is successful in its current geography and has the potential to grow within its region or potentially beyond.