Dave Clough has joined BTS as a sales associate with the goal of helping to transition ownership of private companies within the lower mid-market. He brings to this role deep experience as a business growth and staff development consultant, most recently in an affiliation role with Business Transition Strategies.
“We are pleased to have Dave now join our team because he has been working closely with private business owners as a consultant for years,” said John Howe, director of BTS. “He has been helping business owners overcome management challenges and staff development for years. It is a logical progression to now focus on transitioning ownership of private companies within the lower mid-market.”
He began his career as an Electrical and Computer Engineer, first in design, then sales support, and rather quickly into leadership positions. In large companies, he managed design teams, applications engineers and was the Director of Consulting. Dave was involved in many acquisitions at a tech company, which has grown to be on the Nasdaq-100.
In 2004 Dave left the corporate world to consult to small businesses. Since he started mPower Advisors in 2004, he has advised almost 100 companies. He has also started a few companies, one of which was sold, along the way. Dave recently wrote a book, Perfect Hire Blueprint, so that small businesses could improve their talent acquisition process. When businesses/owners are not quite ready to sell, he helps companies grow, develop exit strategies, and gets the companies positioned to sell.
Dave is currently serving as Chairman of the Board for a 100-person mechanical contractor and has helped companies with stints as temporary president and GM. Dave also served a 3-year term as a Selectman for the Town of Acton, MA. You can find his full professional background on LinkedIn.
While Dave grew up in New Hampshire, most of his career was in Massachusetts. In 2017, he moved to Gilford, NH.
Dave will be working with owners of private companies in the lower mid-market to bring their businesses to market for acquisition. He will be focusing on New Hampshire, Massachusetts and beyond.
"The entire process went smoothly and professionally. The BTS team kept me fully informed at every step. They worked hard and were effective in bringing the deal home."
"Skip and I continue to be grateful for all you have done to make the sale of Pure Flow come to fruition."
"BTS’s level of expertise in the process and close attention to detail enabled us to successfully navigate the deal."
"These types of transactions are often long and complicated and I doubt it could have been successfully completed without your close ongoing involvement."
"The outside objective point of view that you have brought us has been invaluable as we prepare for the rapid growth."
"John then found the right buyer and coordinated a seamless transition—he doesn’t miss a single detail."
"John immediately identified our strengths and experiences and discussed a business that ultimately was more in line with our goals."
"The BTS team came in, evaluated everything in a professional and thankfully non-threatening manner."
Manufacturer Sold and New Owner Expands It
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Buyer Trends in Lower Mid-Market
Other businesses are a significant market for companies being sold within the lower mid-market.
Precision Machining Company
Initially, liquidation was a serious consideration. It would offer a quick exit but would hurt loyal employees and disrupt the customers who had come to rely on its quality production.
Green Product Company
Our client owners could dig in for the long haul…However, this would take five years or more. Owners simply lacked the horsepower to do it.
Water Purification Company and Young Buyers
Owners decided they wanted to retire. They also wanted to be fair to the staff who had been loyal to them. Could the company be sold, the staff retained and the facility remain in use?
Magnetics Company with High Profile Customers
(T)he manufacturer would need to focus on growing EBITDA to capture interest from major strategic buyers and achieve a higher multiple of earnings.