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.
Quick and Dirty
Last year, we were saddened to hear of the passing of Robert Gore, the chemical engineer who invented Gore-Tex (by accident) back in 1969. The story goes as follows: “In October 1969, chemical engineer Robert Gore was performing low-tech experiments for a Delaware company founded by his parents. W.L. Gore & Associates made insulated wires and cables for electronic equipment.
The Day Before Season
Last Monday was the “season start” for our lawn care business. The company’s CEO, who writes a weekly in-season email to his team, spiced things up with a poem written to the syntax of ‘Twas The Night Before Christmas. We thought we’d share this as an example of how we take our work seriously but don’t take ourselves seriously (and know how to have a bit of fun).
Many Constraints But Few Limits
We recently read Frank Slootman’s Tape Sucks: Inside Data Domain, A Silicon Valley Growth Story, a short narrative of his experience leading Data Domain from a fledgling start-up in 2001 to a $2.4 billion acquisition in 2009. Slootman then went on to serve as CEO of ServiceNow, taking the company from $100 million in revenue in 2011 to $1.4 billion of revenue in 2017.
The Average Man
Today, the concept of using an average to understand data is second-nature and impacts almost everything around us — building codes, furniture dimensions, clothing sizes, standardized tests, infant growth charts, and stock market indices.
How to Cook
As Chenmark grows, we have started to put processes in place where none existed previously. One example is the creation of our hiring “squad” (because committees are lame). As one might guess, this group interviews all candidates and convenes to share thoughts on the candidates’ capabilities, desire to work for Chenmark, and fit with our values and culture.
Every Christmas, certain Canadian Chenmark members break from their typically low sugar diets to treat themselves to Nanaimo bars, a holiday goodie that is simply too delicious to pass up. Some background on the Nanaimo bar from The Canadian Encyclopedia:
It’s Basically 1200 Meters
When we lived in Cambridge, we frequented all the common outdoor exercise spots — leisurely jogs along the Charles, grueling stairs in the Harvard Stadium, and heart-rate spiking intervals on the Newton hills. As such, we enjoyed learning more about the “Tempo Loop” in the Harvard Athletic Complex.
I Said No F*ing Brown M&Ms!
While we are more of a Smarties group, we were interested to learn this week that brown M&M’s carry relevant significance despite being the worst color for a candy variety. They are also the most notable thing about a backstage concert rider — the legal document that outlines terms for concert promoters — for Van Halen’s 1982 World Tour.
Our regular readers will know that our metric of choice is Free Cash Flow. This is because the crux of our strategy relies upon our ability to purchase cash flowing businesses from retiring owners, and then, over the long-term, using the cash flows from those businesses to fund the equity requirements for growth—whether it be supporting internal growth initiatives or writing a check for our next acquisition. Without free cash flow, our strategy stalls.
It’s the Little Things
We’ve written previously about Admiral William McRaven’s popular 2014 University of Texas at Austin Commencement address, which argued that “if you want to change the world, start off by making your bed.” He goes on to say that if you begin your day accomplishing one small task to perfection, you will be encouraged to go on to accomplish another task well, and then another, and then another, so on and so forth. By the end of the day, you’ll probably have accomplished a lot.