About Us
Main Street Legacy Partners is an operator-led investment firm dedicated to acquiring and nurturing existing businesses with annual revenues of $2 million to $50 million. We focus on enhancing the sales, marketing, and operations functions of small to medium-sized businesses. Unlike other more conventional approaches where value creation is achieved through cost reduction, our strategy emphasizes growth, employee welfare, and fostering a positive culture. We prioritize sustainable expansion, the well-being of the team, and the cultivation of exceptional workplace environments.
Team
Ben Holloway
Co-Founder
Ben is the founder and managing partner of Main Street Legacy Partners. He brings over a decade of relevant experience in private equity, restructuring, sales, business development and finance to the team.
Prior to Main Street, he was an investor and operator at Areté Capital Partners, a boutique restructuring advisory and investment firm, focused on providing independent fiduciary and stewardship services to companies experiencing significant growth pains, complex organizational change, or existential crisis. He served in multiple roles in a variety of businesses, from multi-unit franchises to public media companies.
Prior to Areté, he attended the University of Chicago Booth School of Business. While in business school, he worked for several firms, on a part-time basis, including Marathon Digital Holdings, a publicly traded digital assets business; Graham Partners, an industrial focused middle market Private Equity firm; and Author Capital Partners, a Chicago based Merchant Bank. He served as both an investor and operator in these roles and worked on a variety of corporate strategy initiatives and due diligence engagements
Prior to business school, he was a Vice President at Turn/River Capital, a technology-focused private equity firm. He managed and led several transactions with an aggregate value of $1B+. He held multiple board observer roles and worked very closely with the management teams.
Prior to joining Turn/River Capital, he started his career as a member of Intuit’s Rotational Development Program, where he spent time in Corporate Finance, Product Management, and Corporate Strategy & Development. During his time at Intuit, he led financial planning and budgeting processes, internal cost improvement initiatives, revenue optimization strategies, and M&A transactions.
Perhaps most importantly, he grew up in and around family businesses. The first was with Holloway Brothers Tools, an industrial distribution family business and later, Signature Furniture, a regional furniture installation business, where he spent many summers moving furniture in the sweltering Mid - Atlantic heat.
He earned his B.A. from Hamilton College and his M.B.A. from the University of Chicago Booth.
ben@mainstreetlegacypartners.com
TUYEE YEBOAH
Co-Founder
Tuyee is a co-founder and operating partner at Main Street Legacy Partners with over a decade of experience in executive leadership, finance, business development and strategy in the US and Africa.
Prior to Main Street, Tuyee served as CEO for three companies within the Crown Peak Holdings portfolio across multiple industries including technology, gaming, and food and beverage.
Before here, he was a Vice President at Citizens Bank and J.P. Morgan where he led various corporate strategy efforts.
Prior to Citizens and JP Morgan, Tuyee was an associate at Antares Capital where he guided the structure and syndication for $30M to $1B+ senior secured cash-flow credit facilities supporting private equity buyouts.
Tuyee also runs an investment vehicle that provides funding to start-ups.
Tuyee holds a BA in Finance and Entrepreneurship from UW – Madison and an MBA from Harvard Business School.
tuyee@mainstreetlegacypartners.com
ANIKET (ANIK) MEHTA
Senior Associate
Aniket was formerly an Executive Vice President at Tresvista - a global financial consultant - where he led a team of 30+ investment professionals, specializing in advising tech-focused growth equity and private equity funds in New York and Mumbai.
He brings a wealth of experience in investment diligence and portfolio value creation. Aniket's responsibilities also extended to driving strategic initiatives for operational efficiency and enhancing user experience.
Passionate about both public and private equity, he dedicates his free time to studying businesses, and valuations, and harbors a particular interest in the tech-driven evolution of professional services.
He is currently pursing his MBA at the University of Berkeley Haas School of Business
anik@mainstreetlegacypartners.com
TRANVEER SINGH
Senior Associate
Tranveer is a Senior Associate at Main Street Legacy Partners with 5 years of experience in private equity, corporate finance, and investor relations in Canada.
Prior to Main Street, this past summer, Tranveer served as an Investment Banking Summer Associate at Moelis & Company. He primarily worked in the technology group, focusing on legal technology, tech-enabled services, and fintech.
Before that, he was an Investor Relations Associate at Georgian Partners where he managed and cultivated relationships with LPs ranging from pension funds, endowments, and sovereign wealth funds.
Prior to Moelis and Georgian Partners, Tranveer was a Corporate Finance Manager at a large logistics company, overseeing capital budgeting, capital structure, and acquisition decisions. Additionally, Tranveer co-founded a technology incubator in Canada’s ninth-largest city, providing funding and strategic advice to start-up founders. Tranveer holds an HBA in Accounting & Finance from Ivey Business School, completed his CPA examinations, and is currently pursuing his MBA at UVA Darden School of Business.
tranveer@mainstreetlegacypartners.com
PATRICK RANK
Senior Associate
Patrick Scot Rank Quiroz is a dedicated finance professional with extensive experience in investment banking and venture capital. He excels in identifying and nurturing high-potential investments, demonstrated during his tenure at Grupo Bursatil Mexicano (GBM), Mexico's premier financial services firm.
As a Senior Associate & Team Leader in Investment Banking at GBM, Patrick spearheaded numerous successful transactions across various sectors, showcasing his prowess in ECM, DCM, M&A, and integrating ESG principles into finance. His strategic leadership contributed significantly to GBM's growth and market presence.
In addition to his professional achievements, Patrick co-founded Iwana Venture Capital, a fund committed to empowering businesses with strategic financial and operational enhancements. Through Iwana, he has directed investments totaling over $1.2 million into promising sectors such as microfinance and beverages.
Patrick holds a Bachelor of Economics with a minor in Finance from the Instituto Tecnológico Autónomo de México (ITAM) and is currently pursuing an MBA at The University of Chicago Booth School of Business, specializing in finance, accounting, and strategic management.
patrick@mainstreetlegacypartners.com
What Makes Us Different
We’re DIFFERENT FROM your traditional Private Equity Firm
Our experience spans the full spectrum of the deal-making process, from Venture Capital and Private Equity to Fortune 500 M&A activities. This experience equips us with a deep understanding of the inner workings of these groups. More importantly, it’s why we know these groups may not always represent the best option for small businesses. Below, we outline the distinctive approach of Main Street Legacy Partners compared to other alternatives available to small businesses:
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Private equity is fundamentally focused on profitability, frequently prioritizing cost optimization—or, more bluntly, cost-cutting—as a primary strategy. Upon acquiring a business, these firms set a clear endpoint, steering you and your team towards accelerated growth and reduced expenditures. In this model, your company might just be one among many in their portfolio, subject to a stringent 3-5 year plan aimed at enhancing the business for a subsequent sale.
While this approach can be effective under certain circumstances, it often does not align well with the needs and nuances of smaller companies. This misalignment is a primary reason why traditional private equity firms usually steer clear of operating in the small business sector.
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Strategic buyers, often your direct competitors, tend to operate at a slower pace due to the extensive internal reviews and approvals required before finalizing a deal. Entrusting your company's sensitive data to a rival can also pose significant challenges, adding a layer of complexity to negotiations.
Post-acquisition, the approach adopted by strategic buyers can mirror that of private equity firms, focusing on rapid integration and optimization. This transition may lead to significant changes within the team and could potentially dilute the unique identity that defines your company.
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Main Street Legacy Partners was established with a singular mission: to acquire and nurture outstanding small businesses. Our foundation is built upon leveraging the extensive experience we've gained in private equity, venture capital, and corporate mergers and acquisitions (M&A), aiming to offer a superior capital solution for small enterprises.
We are supported by committed capital from a cohort of seasoned investors and operator. Our strategy is long-term, affording us the opportunity to invest in people and cultivate business growth comprehensively. Our goal is to collaborate closely with you to develop a succession plan that aligns with your aspirations and ensures the continuity of your business's legacy.
If you’re contemplating the future of your business but are not yet ready to step away, we see this as an ideal opportunity. Let's explore partnership avenues to enhance your business, be it through acquisitions, team expansion, or other growth strategies. We are here to assist you in navigating these challenges, ensuring a seamless transition or expansion that respects the legacy of your business.
Investment Critera
We understand that businesses take many different forms, and as we draw on a broad base of successful operating and investing experience, our interest is not constrained to any single sector or type of business. However, we generally prefer to focus on businesses with certain attractive traits that are familiar to us and give us confidence in their long-term success
Industry
Our ideal target is in a business services or technology sector that is fragmented and offer substantial growth opportunities. We avoid industries that are highly cyclical, capital intensive and/or face significant external disruptive risks.
Size
We are primarily looking for a business with an enterprise value between $2M and $50M, and that generate over $1M of revenues and in excess of $500k in cash flow.
Company
Our focus is on an established and profitable business, and we avoid early-stage ventures or significant operational turnarounds. We are on the lookout for a business with greater than three years operating history, with stable growth and margins consistently more than 15%.
We are particularly interested in a business with the following characteristics: A high percentage of recurring revenues, a loyal customer base, strong market reputation and work culture, and a product or service offering with a distinct and sustainable competitive advantage.
If you are a broker or intermediary that can connect us with an interested seller of a business that meets our criteria, we would love to hear from you. We will pay industry standard finder’s fees in the event of a successful acquisition.
Our Process
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We start with an introductory phone call or two to discuss your business at a high level, backgrounds, and motivations. This enables us to determine whether it’s worth moving forward. We’re in-person business type of people, so we’re happy to make an effort to travel in order to get to know you and your business better.
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If after the confidential call, we determine that there might be a mutual fit, we execute an NDA for our mutual protection, and request a short list of documents. This typically includes financial statements over the past few years and some operating data/metrics.
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After completing our initial diligence, you can expect an Indication of Interest or IOI. This is a one-page letter that will provide the broad outline of a potential deal, which includes price range and other key conditions of the deal. This IOI is mutually non-binding, as there is still room for negotiation on terms. It serves as an indicator that we’re generally aligned on the big items such as price, deal structure etc.
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If the IOI is agreeable to both parties, it will be formalized into a Letter of Intent or LOI. This is a legally binding document that expands on all keys points mentioned in the IOI and also addresses other key considerations for the deal.
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This is the sprint to the finish. Once the LOI is signed, we’re drafting legal documents, doing a deep dive into the business, and having an accounting firm reviewing the books, all to better understand all aspects of your business.
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Once confirmatory diligence is complete and all the legal documents are signed we’re all set to close the transaction and begin working towards transitioning the business. Each transition plan is different and in many cases, the owners/sellers might be staying on to continue to work with us on operating the business. This is where the real work begins!
Select Transactions
Below are a few of the transactions we’ve worked on, both as and investor and as an operator.
Invicti provides dead-accurate, easy-to-use security scanners for enterprises to automatically find security flaws across thousands of websites, web applications, and web services. Its unique proof-based scanning technology yields industry-leading detection rates with false positive-free results every time.
Commio is the uniquely customizable, cloud-based communications API platform that makes it easy to deliver integrated voice and text messaging. Its APIs give customers total control, transparency, and redundancy for peace of mind built-in.
SkyZone is the largest owner, operator, and franchisor of indoor entertainment parks in the world with 300+ parks. With 500K+ members, cutting edge attractions, and strong social media presence, no company is better positioned in indoor active entertainment.
Kinova is a Canadian technology company that manufactures service robotics platforms and applications for personal assistance.
Huddle is an innovative document collaboration and client engagement portal that enables enterprises and governments to work seamlessly with external clients and partners.
Huddle was acquired by Ideagen, a publicly traded GRC Software business, in 2020.
Mailgun is the leading transactional email API platform built for developers.
Mailgun was acquired by Thoma Bravo, a leading private equity fund, in 2019. Turn/River retains a minority stake in the business. Mailgun was then acquired by Sinch, a public company in Europe.
Test IO is a test management system to implement explorative and test case-based testing in just a few minutes.
Test IO was acquired by EPAM, a global software engineering and consulting firm, in 2019.
Magnus Health provides a cloud-based student health record solution designed specifically for use in schools.
Magnus Health was acquired by Veracross, a school information systems provider, in 2019.
Trakstar is a global performance management company that provides performance appraisal software to help organizations manage feedback, goals, and reviews.
Trakstar was acquired by Mitratech in April 2023.
Reviewsnap is an all-in-one performance management system that manages performance reviews, 360 degree feedback, compensation, and learning content.
Reviewsnap was acquired by Mitratech in April 2023.
Mindflash provides a web platform for companies to easily share knowledge and train employees, built to handle any type of content and to facilitate online training courses within minutes.
Mindflash was acquired by Mitratech in April 2023.
Recruiterbox is an easy-to-use recruiting software and applicant tracking system to help growing companies manage their hiring processes.
Recruiterbox was acquired by Mitratech in April 2023.
Contact Us
Ben Holloway
(302)-545-8995
ben@mainstreetlegacypartners.com
Tuyee Yeboah
(414)-737-1097
tuyee@mainstreetlegacypartners.com