<p>We sat down with Mike Tiner, COO of Andover Corporation, to discuss his recent experience in the private equity acquisition process. Just four months removed from Andover&apos;s sale, Mike covers the following topics, among others, from management&apos;s perspective:</p><p> </p><ul><li>Whether to sell to management, a strategic, or a private equity firm</li><li>What Andover was looking for in a partner</li><li>What to expect from due diligence</li><li>Communication with employees during the sale process</li><li>Preserving company culture post-acquisition</li><li>Advice for owners considering a private equity exit strategy</li></ul>

Advantages and Disadvantages of Selling to a Private Equity Firm

Selling a company is something most business owners will only encounter once in their lifetime. Over the years, we've met with thousands of business owners and noticed that the same questions and concerns come up repeatedly. To that end, we've launched our Well Capitalized Interview Series to help demystify the process of selling one's business. We interview private equity investors, business owners who have partnered with private equity groups, and professionals well-versed in legal, tax, accounting, environmental and other aspects of business transactions.