Garrett Morelock and Dave Scharrer of Monroe Engineering join Tom D’Ovidio and Peter Zimmerman from ShoreView to reflect on the significant growth achieved by Monroe Engineering during a partnership with ShoreView.

An entrepreneurial CEO was ready to transition to the next phase of his career but wanted to maintain a board-level role and position his family business for significant growth. A talented executive was seeking an opportunity to leverage his multinational experience and lead a middle market business. Hear first-hand perspectives and advice from both the current and former CEO of Avidity Science on what it takes to accomplish a successful CEO succession and rapidly grow a family business.

Trey Smart shares his perspectives on the lessons learned over a three-decade career working with multiple private-equity backed businesses. Trey’s experiences range from executing turnarounds to massively scaling a family business. In this episode, Trey provides perspectives from his entrepreneurial career on the right questions to ask a prospective private equity partner, common challenges faced by family businesses, and the areas where private equity does and does not add value.

The unique story of one family that sought out a private equity partner to increase their ownership stake in a business and pursue growth initiatives. Learn how a non-control investment from private equity helped the DeSoto family accomplish their goals and ultimately own their business outright. Hear perspectives from an owner-operator on his advice for others in selecting a partner and his reflections on the drivers of step-change growth in his business.

Have you ever wondered what it is like to partner with a private equity firm? The First Bite will take you through the real experiences of entrepreneurs and family business owners who have partnered with private equity. Tune in to hear it all… the challenges, misconceptions, triumphs, and advice from entrepreneurs who have taken their first bite! This series is presented by ShoreView Industries, a middle-market private equity firm based in Minneapolis, Minnesota.