|
|
While day to day operations are the responsibility of management teams,Milestone is actively involved in formulating growth and exit strategies. Milestone assists in acquisitions and invests supplemental capital as necessary. The typical holding period is four to seven years during which time Milestone applies its own expertise as well as the specialized knowledge of the appropriate individuals from its operating partner program. Milestone considers it important to align the business and economic interests of owners, management and employees. Therefore, the firm believes that it is critical for management and employees to either own or have the opportunity to earn a significant equity-like stake in their company. The decision by a management team or entrepreneur to enter into a partnership with an active equity investor is much more than a financial decision. In many respects it is the most important business decision that a manager or entrepreneur will make. Both a strong working relationship and a commonality of interests between investors and management are critical for any company to achieve success. Milestone is committed to looking beyond the short-term gains often generated by financial engineering and focus on enhancing the fundamental value of a company. Specific areas in which Milestone seeks to add value are:
|