NEW YORK--(EON: Enhanced Online News)--Poplar Partners (“Poplar”), a private investment firm led by former KKR executive and recent Stanford Graduate School of Business alum, Alex Gelman, announced today that it has begun its search for acquisition targets. Gelman is backed in this venture by a team of seasoned operators and investors.
“We fill a niche that is desperately needed in the market. Our goal is to help small business owners transition their business while maintaining their legacy by providing them with investment capital, a replacement management team, and entrepreneurial energy.”
After purchasing all or the majority of the company, Gelman will take on a senior operating role, enabling owners to transition away from daily operations. Poplar is targeting companies that have $1.5 - $7 million in annual cash flows and a strong history of growth. Poplar is focused on companies in the business services, healthcare services, IT services, enterprise software, and data analytics industries anywhere in the United States.
The firm’s Founder and Managing Partner, Gelman, received his BA from Dartmouth and MBA from Stanford. Prior to founding Poplar, Gelman was a consultant with McKinsey & Co. and an executive at KKR Capstone, the operating arm of private equity firm Kohlberg, Kravis & Roberts.
Joel Peterson, founder of JCP Capital and Chairman of JetBlue, said “We backed Alex because of his character, hustle, intelligence and focus."
Poplar believes the US economy is in the midst of an enormous inter-generational transition of wealth and is well positioned to help facilitate it. According to Robert Avery at Cornell University, “By the year 2025, virtually all closely held and family-owned businesses will lose their primary owner to death or retirement ...Approximately $10.4 trillion of net worth will be transferred by the year 2040...”
Gelman commented, “We fill a niche that is desperately needed in the market. Our goal is to help small business owners transition their business while maintaining their legacy by providing them with investment capital, a replacement management team, and entrepreneurial energy.”
About Poplar Partners
Poplar Partners is a private investment firm seeking to acquire, actively manage and grow one privately-held company. Poplar is seeking businesses with $1.5 to $7 million in annual cash flows. Poplar is particularly well positioned to be an attractive exit option for business owners who are looking to transition away from day to day operations as Poplar offers both investment capital and management expertise.
For more information please visit: www.poplarpartners.com