Overview:Cortelyou Capital (“Cortelyou”) is an entrepreneurial investment firm focused on acquiring and operating a single high-quality company over the long-term. After purchasing a business, Sean Penso, the firm’s Founder and Managing Partner, will assume leadership and day-to-day management respo…
Overview:
Cortelyou Capital (“Cortelyou”) is an entrepreneurial investment firm focused on acquiring and operating a single high-quality company over the long-term. After purchasing a business, Sean Penso, the firm’s Founder and Managing Partner, will assume leadership and day-to-day management responsibilities of the acquired company.
Why Us?
Cortelyou provides an attractive alternative to selling your business to a competitor or private equity.
If you are ready to transition ownership in your business and care deeply about your legacy, finding the right buyer to partner with is critical. We care deeply about our employees, we operate with a long-term mindset, we have the ability to own a business forever, and we have a track record to prove it.
Process:
1. Confidential Introduction (call or meeting)
2. Establish Relationship & Share Information
3. Visit the Business / Discuss Objectives / Initial Due Diligence
4. Agree on Terms / Sign LOI
5. Continue Due Diligence (exclusivity)
6. Execute Purchase Agreement and Ancillary Documents
~90 Days from Meeting to Closing
Your legacy is important and our goal is to build upon your success for decades. If you are thinking of selling your business, we would love the opportunity to speak with you.
Focus:
We look to acquire and operate a company with the following characteristics:
Ø Industry Criteria:
o Sizable and growing industry
o Fragmented landscape
o Low business cycle exposure
o Preference for home-services (e.g., hvac, plumbing, pest control) & healthcare (e.g., outpatient diagnostic imaging)
Ø Business Criteria:
o Defensible competitive advantage
o Recurring / contractual revenue
o Attractive growth opportunities
o Talented middle management
Ø Financial Criteria:
o EBITDA between $750K to $3M (margins of 10%+)
o Track record of revenue growth and profitability
Sean A. Penso (Founder and Managing Partner)
Mr. Penso founded Cortelyou to pursue his dream of owning and operating a business. Growing up in Brooklyn, New York to immigrant parents, he spent most of his free time working for his uncle’s family-run business. After graduating from Dartmouth College, Mr. Penso pursued a career in investment banking at Barclays, where he advised global companies on mergers & acquisitions, and private equity at ICV Partners, where he worked alongside CEOs of lower middle market companies to scale their businesses.
In his spare time, Mr. Penso enjoys spending time with family, reading, swimming and pursuing a variety of outdoor activities. Mr. Penso holds a B.A. in Economics & History from Dartmouth College and an MBA from Harvard Business School.
