The First Step Starts With Us
We can help you decide what’s next for you. And your company.
Leave A Legacy
SELLING YOUR BUSINESS
Selling your business isn’t easy. We know how hard you’ve worked, how much of your life you’ve invested in it. Now you’re thinking about options and what’s next. There’s excitement, stress and maybe even some guilt. We get it. We can help. It starts with a relationship built on trust, integrity and experience.
Make An Impact
JOIN OUR TEAM
Running a business is challenging. If you’ve always wanted to lead a company, why not earn the opportunity to lead one of ours? We’re always looking for dedicated, passionate people who believe they have what it takes.
What Our People Say
There was so much trust and confidence in dealing with Chenmark. Selling to them was the right decision for me.
Rarely in business do you get an opportunity to have such an impact with each and every project.
For any owner who’s looking to sell but wants to keep their dream alive while ensuring the well-being of their staff, talk to Chenmark.
Chenmark is a family business and we were a family business, so for us it was a great fit.
Half Excited, Half Scared
The past few weeks have marked a return to school—elementary, middle, high school, and beyond. For some, this is welcome news. For others, particularly those entering a new grade or starting at an entirely new school, the change of scenery can be daunting. Our daughter described the impending start of kindergarten as “half exciting, half scary.” We’ve all been there, kiddo.
This week, Charlies Watts, the Rolling Stones drummer, passed away at the age of 80. A member of the band since 1963, Watts was an icon in the music community, and perennially tops lists of the greatest rock drummers of all time.
One of the Chenmark companies is located in Western Canada, and since the US/Canada border recently opened to non-essential travel, we took the opportunity to travel North to visit the team. It’s been a while, but our normal routine is to drive down to Boston, fly from Boston to Toronto, and then to Kelowna (interior of British Columbia).
Throughout the 2016 Rio Olympics, we, like others, have enjoyed reading many of the news articles covering the winners, losers, inspiring stories, and cautionary tales behind this iconic global event. In particular, there has been significant commentary on the final medal rankings, where the United States dominated results, winning 46 gold medals and 121 total medals (0.38 medals per million population)…
Sharpen the Axe
As our long-time readers know, beyond our passion for acquiring and operating small businesses, some of our defining characteristics are that a) we live in Maine and b) we are into Crossfit. Last week was not only the middle of the Tokyo Olympics, it was also the week of the Crossfit Games, so we wanted to take a moment to highlight a Crossfit-related story.
We typically have very full days. Our calendars are scheduled—often weeks in advance—and we have specific things we want to accomplish on a daily and weekly basis. We try to get as much rest as possible over the weekend and evenings to ensure we approach each day with the drive and energy needed to accomplish our longer term goals.
A Tale of Two Shoe Salesmen
This story resonates as our business grows and stretches us in new and unexpected ways. We have a choice in how we respond when confronted with challenges or the unknown. How powerful would it be if we collectively made a commitment to consider “what if?” instead of focusing on “why not?”.
Our Work Is Serious
Chenmark is in the business of acquiring and operating small businesses. On the deal side, we spend our days looking at new acquisition opportunities, putting together deal models, negotiating purchase prices, securing debt financing, and reviewing legal documents. On the operational side, we spend our days hiring (and sometimes firing) talent, nurturing sales relationships, implementing new tech systems, collecting cash and paying invoices, evaluating equipment purchases, and developing marketing programs (among other things).
The Most Important Word
As parents of young children, we find ourselves reminding our children on almost a daily basis that the most powerful word in the English language is “yet”. I can’t play soccer. Yet. I can’t do math. Yet. I can’t read. Yet. I don’t have any friends. Yet. I don’t have enough princess dresses. Good news. You can grow up, get a job and buy some for yourself.
Every year, we work through budgeting at a number of companies. While occasionally we are able to forecast significant positive improvement in a single line item, more often than not, our challenge is to push for progress in areas where operations already seem to be functioning pretty well.