We continue getting involved in new and diversified businesses. Once we have a Platform Business we are fine with bolt-on acquisitions, but these would most likely be left to the existing management team in that platform.
At Peterson Brothers Inc. our private equity activity is generally limited to how we get into a new business. We do not intend to trade in businesses. Our intent is to help the management team run the business as well as it can be run, maximizing dividends and healthy growth. We work from a beginning point that the business should run as a meritocracy and it should be principle based, searching for best practices. This allows the management team to be highly cooperative and most effective because they have created a common target outcome.
When it is time for either the original Owners or the Management Team to exit the business, we would like the Holding Company to be the exit plan. Sometimes the Owners want to be done as soon as we get involved. Other times an Owner or the Management Team wants to spend the rest of their career building the business. Either condition is acceptable with us. We will always need a competent Management Team at the helm of every company we are involved with (see End Structure).
Peterson Brothers, Inc.
2009 Mackenzie Way
Cranberry Township, PA 16066
Phone: (724) 940-7554
Fax: (724) 779-0039
Corry Office Mailing Address
29 W South St,
Corry, PA 16407
Peterson Brothers, Inc. is a holding company that owns interests in a diverse group of privately held businesses, along with the management teams at those companies.