Hi. My name is Rob Thomas. I am the founder and one of the current owners of Anchor Bay Powder Coat.
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So we originally started. My dad started it as a auto body shop back in the 80s,
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And then, in 2009 ish, when the economy was going bad, I needed to figure out something better to do and just sort of had first and completely doing all powder coat.
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So it just was starting to get kind of difficult to have to do everything on my own. And especially post Covid, the mentality of the average person has just changed. So I'm just getting harder and harder.
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I knew I had a lot of opportunity to grow, but was getting sick of having to worry about it all myself, fund it all myself, things like that. So kind of had my wheels turning that, you know what? It might be nice if I had somebody that I could bring on that could help me with those things.
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So we decided at, Anchor Bay Powder Coat that it would be best to seek out venture capital to help us fund this, this process moving forward.
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And we decided that Six Axis Capital would be our partner to do that.
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What drew us to Anchor Bay is the extreme diversity that this business has. Serving a high growth and market. Aerospace and defense, we believe, has just enormous tailwinds associated with it, both from a macroeconomic and also from a regional perspective.
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We're sitting in one of the highest concentrations of defense manufacturers in the United States of America,
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I think, most often a business owner and trusting the next person to run their business is one of their major life decisions.
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And I'd say not all partners are created equally. I think you really want to understand your potential buyer, whether what their commitment is to the area, what their plan is for the business long term. Do they have a track record that validates what they're saying and what they're what you're hearing from them? So really understanding the partner maybe not always chasing necessarily the highest dollar value or the highest price, but rather the partner who sort of is going to be the best steward of your legacy long term.
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Most likely results in a much better outcome.