News

Goodworks Evergreen is a purpose driven company that is acquiring, building, and reinvesting in private profitable Montana businesses, that would otherwise fail to transition to next generation leadership.

Goodworks Evergreen

Montana’s baby boomer generation has led our state in the creation of small businesses and many are now at a transitional point. The business owner is 65+ years old and still working. The business needs the next generation of ownership, as many lack willing family members to take over the operation. An increasing number of these businesses struggle to transition as the acquisition price is too large for local individuals and too small for institutional buyers. The impact on local jobs across our state can be substantial especially when a community loses its only local grocery or hardware store. In some cases, the owner chooses to close the business. In others, the owner becomes disabled or dies, and the family is left to manage the transition. Goodworks Ventures LLC is launching Goodworks Evergreen, which provides transition opportunities to retiring owners by acquiring their local Montana businesses, with the goal of keeping quality jobs within the community.

Initially, we will focus on businesses within the manufacturing, distribution, and services-related industries*. Our mission is to keep the business alive and well, while maintaining its community mindset during and after the transition. This approach is markedly different from the usual business exit strategy of finding a strategic buyer, either a competitor or a financial firm, planning to slash costs and quickly flip the company. Both of these options often involve lost jobs and stripped assets.

 

News Catrgory Sponspor:


Dorsey & Whitney - An International business law firm, applying a business perspective to clients' needs in Missoula, Montana and beyond.

Leave a Comment

You must be logged in to post a comment.