Recent Events: C3 Leaders Fundraiser and ACG Panel

OneAccord Capital recently sponsored a hole at the 7th Annual C3 Leaders Golf Tournament in Newcastle, WA. The tournament and dinner auction is C3's primary fundraiser for the year.

The event brought together business leaders committed to making a difference for some friendly competition including a 350-yard launcher, a putting contest and a panel-shattering event on the driving range.

John Curley of King 5 Evening Magazine and The Tom and Curley Radio Show on KIRO radio hosted the evening's dinner auction, which was themed "Experiences You Can't Buy."

C3 Leaders formed in 2008 and exists to help individuals recognize and act on their calling. You can learn more about C3 Leaders here.

Laura Lamborn, left, and Breanna Klein of OneAccord Capital enjoy C3 Leader's golf tournament

Deal Warriors of the Lower Middle Market

John O’Dore, Managing Director of OneAccord Capital, was recently invited to lead a panel for the Seattle chapter of the Association for Corporate Growth (ACG). The topic was Lessons Learned in Lower Middle-Market M&A Transaction.

In his presentation, John touched on several key points concerning the current market in Washington state:

• The middle market is traditionally defined as those businesses valued between $5 million to $500 million
• Businesses coming in below the $50 million mark make up the lower market
• Currently, 180,000 privately and family owned businesses operate within the state of Washington
• The majority of these are middle-market companies or employ fewer than 500 people, and are squarely in the lower market with valuations between $5 million and $15 million
• Baby boomers own 75 percent of these businesses and will transition out of ownership over the next 10-15 years
• 10 percent are in the industries in which OneAccord Capital specializes: manufacturing, distribution, aerospace, industrials, business services, technology, consumer products, food and beverage, and healthcare products and services.

As these companies seek to transition, their options for financing include:

• Bank debt (small business loan)
• Working capital
• Seller note
• Buyer equity