Small Company M&A Due Diligence & We're Sellers, Too!By Scott Dickes
Before Hadley Capital invests in a company we conduct due diligence. We seek to learn as much as we can about the business to avoid surprises and be ready for the future, whatever that may bring. The due diligence process can be rather exhaustive, especially on a business owner who hasn't been through it before.
But the shoe is often on the other foot. Hadley Capital is not only a buyer of companies, but also a seller. We know what a good due diligence process looks like – one that is complete but not unreasonable. When we are buying, we do not ask any business owner to do things in due diligence that we ourselves are not willing to do.
I have spent the past month selling one of our companies. In this case the buyer was a public company, and I can safely say that its due diligence makes Hadley Capital's seem like the minor leagues!
Scott Dickes - General Partner
Scott founded Hadley Capital in 1998 with the objective of bringing a professional investment strategy to the small company market. Scott has spent the better part of two decades financing and growing small companies. It’s in his blood … he grew up visiting small companies on family vacations with his dad who was also a small company investor.
Scott works with Gillinder Glass, S&S, Custom Label, Harris Seeds, ISS, and W.C. Rouse, and was previously the chairman of the board of Packaging Specialists, JRI Industries and Kelatron, all former Hadley Capital companies.
He enjoys traveling with his family, flying (instrument rated pilot), rock climbing, golf, paddle tennis, and water skiing. Scott recently took up beekeeping as a hobby.
Scott is a Trustee of the Hadley School for the Blind (no affiliation). He holds a BA from Duke University and received his MBA from the Kellogg School of Management at Northwestern University. Scott and his wife have two teenage children.