The Patriot Growth Capital Approach
At Patriot Growth Capital, our mission is simple: change family trees through business. This month, we encountered a situation that demonstrated the importance of holding fast to our core values, even when faced with a deal that seemed promising on the surface.
A partner brought us an exciting business opportunity—a company with strong financials, solid systems, and a history that met our standards. The business exceeded our minimum annual financial threshold of $1.5 million in Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). We secured a Letter of Intent (LOI) with the owner, marking significant progress.
However, during the due diligence process, we discovered that specific terms related to cash flow allocation and working capital did not fully align with our mission of training and growing veteran families. Despite the initial excitement, it became clear that this deal was not a perfect fit for Patriot Growth Capital’s core values.
This experience was inspiring because our partner upheld our A-Players Only core value. They recognized that while this deal was good, it wasn’t good enough by our standards. Rather than compromise on our mission or settle for terms that didn’t serve our purpose, the partner was the first to suggest walking away. This dedication to our “A-Players Only” mindset—where we don’t settle, but instead push for the best—is a true testament to the strength of our values. Together, we decided to pass on the signed LOI.
This experience reinforced our commitment to not compromising on our values and to avoid “deal heat”—becoming emotionally attached to a deal at the expense of our standards. Having multiple deals in the pipeline allowed us to make the right decision for the long-term vision of Patriot Growth Capital.
Key Takeaways from this Experience
- Mission and Core Values: Upholding our mission and core values keeps us focused on what matters.
- A-Players Only: Our partner exemplified this core value by recognizing when a deal, even a good one, does not meet our high standards.
- Multiple Deals in the Pipeline: Maintaining a solid deal flow prevents emotional attachment to any single deal, ensuring we stay aligned with our purpose.
- Integrity Over Profit: Walking away from a nearly perfect deal shows our commitment to the long-term growth of veteran families and the success of our program.
A Positive Path Forward
- Deal Evaluation: We passed on a business opportunity that didn’t align with our mission, reaffirming our dedication to our core values.
- A-Player Dedication: Our partner’s willingness to prioritize the mission over closing a deal is a powerful example of our A-Players Only value.
- Pipeline Strength: We have multiple exciting deals in progress, which is keeping us on track to achieve our mission.
Call to Action
If you know a veteran family looking to change their family tree through business, an investor seeking capital gains tax-free returns, or a business owner who wants a veteran family to carry on their legacy, direct them to our website: www.PatriotGrowthCapital.com.
Click the Join Our Mission button on our website to learn more about how you can be a part of this exciting journey. We are committed to our mission and are excited about what’s to come. Thank you for your dedication and continued support.
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