Anatomy of a Small Company Recapitalization

I spent today in Minneapolis talking to a couple of business partners in their late-50's. They had two competing goals: (1) decreasing personal risk, while (2) growing their business.

This situation is pretty common. The partners spent 25 years building their business, it is their primary financial asset and they don't want to threaten the golden goose. However, they also have several growth opportunities they want to pursue (unfinished business…) and these require investment & financial expertise.

A recapitalization with Hadley Capital would help them achieve their objectives. They would reduce their personal risk by selling a portion of the business for cash. And by remaining meaningful owners they would benefit substantially from any future growth. They would also benefit from Hadley Capital's experience helping business owners just like them further grow and develop their businesses. We've seen that 1 + 1 can equal a lot more than 2 in these situations.

paul

Paul Wormley - Managing Partner

Paul joined Hadley in 2005. He grew up in a family business environment and has spent his entire career working with small and emerging companies.

He currently works with Interstate Fabrications, Filter Holdings, J&R, AGI, Gillinder, Equustock, Pneu-Con, and Storflex. Previously he was the chairman or served on the board of directors for i-deal Optics, Centare, QDx Pathology, GT Golf Supplies, and Open Sky Media – all former Hadley companies.

Paul is an outdoor enthusiast who enjoys fishing, hunting, riding motorbikes, Crossfit and an occasional craft beer. He works closely with a number of non-profit organizations including One Acre Fund, Trout & Salmon Foundation, and Northfield Parks Foundation.

Paul is a graduate of the University of Colorado at Boulder and received an MBA from the Kellogg School of Management at Northwestern University. He and his wife, Rosemary, have three children.