Kilroy Legacy Partners
Selling your legacy is hard. Selling to someone who will strip it for parts is even harder.
About
David Kilroy is the Founder and Principal of Kilroy Legacy Partners.David spent most his life in Ohio; growing up in Cleveland, attending Ohio State University, and working across Southern Ohio to support entrepreneurship, small business, and economic development. He understands that local business powers a regional economy, and has seen firsthand what happens when a major employer shuts their doors.David is an Eagle Scout, an Appalachian Leadership Fellow, a former Chamber of Commerce president, and earned his MBA from the Yale School of Management.
Our Process
Maybe you're not ready to sell today.Maybe you're afraid that private equity will dismantle your business, fire employees, and force you to commit to years of working for a new boss.Or, maybe you started your business from scratch, led it for decades, and simply want to make sure that the next generation appreciates that hard work and commitment.Consider Kilroy Legacy Partners. We offer trust, transparency, and flexibility at every step of the process. We will provide a confidential indication of interest in your business, outline terms, and engage in proactive conversation about what is important to you.
What makes us Different?
We care about your legacy.
Intro CallInitial call to get to know each other, hear your story, learn about your company, and understand your goals for your business.Desired Outcome: Determine if we are a good fitInitial Diligence & Preliminary OfferIf we both wish to continue, we will sign a non-disclosure agreement (NDA) and ask for access to basic financial information on your company. We will focus on better understanding your business and arrange for an in-person meeting.All information shared will be protected and kept confidential under the NDA.Desired Outcomes: Presentation of a non-binding indication of interest (IOI)In-person MeetingI will come visit you on your home turf to better understand your business and help explain next steps and requirements for the due diligence process.Desired Outcomes: Learn more about your business, future plans, and each other.Letter of Intent (LOI)
We will agree on terms of the transaction with a goal to solidify price and structure that is favorable for all stakeholders. As needed, we will explore debt and potential seller financing if appropriate.Desired Outcome: Agree on price and key termsDue Diligence: 60 - 90 daysDue diligence involves a thorough review of your company's financial history, operations, and team. I will hire advisors to help me better understand the legal, accounting, and technical aspects of your business.Throughout the due diligence, we will meet regularly to discuss questions, specific deal details, and build a successful transition plan.This is often a complex and time-consuming process, during which I promise transparency, efficient communication, and empathy.Desired Outcome: Finalized diligence, purchase agreement, and transition plan.Close and Celebrate!
On the closing day, we will finalize legal agreements, transfer funds, and celebrate the start of a new chapter!Desired Outcome: Close the deal and start transition
Contact Us
While serving as president of my local Chamber of Commerce, I spoke with owners who wanted to retire, but had no succession plan. They knew retirement would mean selling to someone who would dismantle their legacy, or worse, simply closing their doors.I'm seeking to acquire and operate a small business because I believe that my most meaningful opportunity to have an impact is by giving back through hard work and determination.We are looking for a single great, stable, business. If you think you might be a fit, please contact us. I personally promise discretion and transparency at every step.
Thank You
We value your privacy and look forward to connecting!