Sam Krieg and Hill Hamrick's acquisition of Central Storage & Warehouse (CSW), a Wisconsin-based cold storage business, demonstrates the power of personal connection and innovative search tactics in successful acquisitions. Their partnership didn’t start with a specific business idea, but with an entrepreneurial spirit - forged through college pig roasts, shared background, and professional transitions. Their approach offers three valuable tactics and takeaways for entrepreneurs and investors in the search fund ecosystem. Read more about it here:
Pacific Lake
Venture Capital and Private Equity Principals
Boston, Massachusetts 4,509 followers
We support ambitious search fund entrepreneurs in their journey to success.
About us
Search entrepreneurs bet on themselves. We bet on them. Our legacy is built on the foundation of partnering with ambitious individuals on their path to entrepreneurship through acquisition. How can we help you amplify your potential?
- Website
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http://www.pacificlake.com
External link for Pacific Lake
- Industry
- Venture Capital and Private Equity Principals
- Company size
- 11-50 employees
- Headquarters
- Boston, Massachusetts
- Type
- Privately Held
- Founded
- 2009
- Specialties
- Search Funds, Entrepreneurship, Entrepreneurship Through Acquistion, Small-cap Private Equity, and Value Creation
Locations
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Primary
800 Boylston St
Suite 2220
Boston, Massachusetts 02116, US
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855 El Camino Real
Bldg 4, Suite 290
Palo Alto, California 94305, US
Employees at Pacific Lake
Updates
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Next up on the podcast docket... the latest episode of the Think Like an Owner, released today! We have partnered with our friends at Trilogy Search Partners for a second season of the podcast and are excited to share the great speakers and topics we've lined up. This episode is focused on Upleveling as a CEO and features Rob Southern, CEO of Ascend Software, and James Bergeron, Executive Coach and former CEO. Get it here on Spotify: https://lnkd.in/e5Q6DWPJ Or here on Apple Podcasts: https://lnkd.in/ec-s-cRS And check out previous episodes at https://tlaopodcast.com/
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Last week, we had the pleasure of hosting those in our Executive Leadership Program for a few days of connection, learning, and fun - capped off by some competitive pickleball spirit! Learn more about the program here: https://lnkd.in/ew6GNFyF
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Drumroll, please! We are thrilled to introduce the Build Series, a podcast series in partnership with Trilogy Search Partners and host Alex Bridgeman. Build continues the conversations from last year's Launch Series and is set to explore accelerating growth over the next six episodes. Sarah Rowell joins us for the first episode to talk all things board, including skills and expertise, culture, and chemistry. Both Pacific Lake and Trilogy served on Sarah's board during her time at Kantola, and it was therefore a privilege to have her speak on the topic (and to have served on her board). While the subject focuses on how to build a great board, the takeaways are easily transferrable to how to build a great team. We're equally thrilled to share that Sarah plans to join us to speak to that topic at our Entrepreneur Conference in a few weeks. 🎙 Find the podcast here: https://lnkd.in/em5kDmsi 💡 Find more Pacific Lake insights on building a strong board here: https://lnkd.in/eVx7UYCE
I'm thrilled to share the first episode in our new Build Series, in partnership with Pacific Lake and Trilogy Search Partners. Over this new six-episode series, we will explore how CEOs can accelerate their company’s growth trajectory, as well as their own professional growth as leaders. The Build Series continues the foundation set by last year’s Launch Series in growing transformative companies as ambitious CEOs and leaders. Our guest in this first episode is Sarah Rowell to talk all things board construction, getting the most value from your board relationships, and key points along her journey where her board played a critical role. Sarah and her husband acquired Kantola Training Solutions in 2018 before selling to Traliant in December 2023 after some incredible growth at the helm. To help introduce Sarah and the series, our episode kicks off with an introduction and review from Lindsey Gray, partner at Pacific Lake, and Aaron Perrine, partner at Trilogy Search Partners. Please enjoy the first Build Series podcast! https://lnkd.in/gDtnxHY7
Build Series EP.1: Sarah Rowell on Utilizing Your Board – EP.240
https://tlaopodcast.com
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A round of applause to Alvin Wong and Jordan Huibers, who recently became co-CEOs of Advanced Aircrew Academy! We feel incredibly fortunate to have had the privilege of working with Jordan and Alvin thus far – and are eager to see them take Advanced Aircrew to new heights in the next chapter of their entrepreneurial journey. Ready for takeoff! ✈
Jordan Huibers & Alvin Wong Become Co-CEOs of Advanced Aircrew Academy | Pacific Lake
pacificlake.com
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When negotiating a search deal, searchers may be tempted to think of it as a transaction, aiming to buy at the lowest price. However, search deals are inherently relational. The conversation not only involves negotiating valuation, but also the buyer-seller relationship, and by extension, the quality of the leadership transition. When Luke Suydam and Alex Sappington acquired Page Vault, a web content capture software for legal professionals, they understood the importance of reaching a “fair” deal. Read their story here:
Searcher & Seller Stories - A Fair Deal: Handing off the Baton at Page Vault | Pacific Lake
pacificlake.com
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Latest and greatest at Pacific Lake! Our internship matching program, an inaugural product and engineering event, team member promotion, and more.
Latest & Greatest: Behind The Scenes at Pacific Lake, August 2024 | Pacific Lake
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When Jim embarked on his search journey, none of us could have imagined where it would take him, us, and the entire search fund community. What a 40 years it has been; we can’t wait to see where the next 40 years lead.
Tomorrow celebrates the anniversary of the closing of the first search fund acquisition, by the pioneer Jim Southern. A friend, example, and mentor to all of us. #Entrepreneurship #Mentorship #JimSouthern #SearchFund
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“The CEO provides you with access and makes it a point to mentor you and give you opportunity. I don't think a CEO can often do that, particularly in a big business. You're just not going to be a part of the strategic decisions being made every day. But as a small business, you're a part of those decisions. You're in the room, you're contributing and that's been one of the best parts.” - Jacob Ahle Learn more about the force multipliers of our Executive Leadership Program here: Will Sullivan Dave Considine
ELP Spotlight: Hands-on Leadership Experience for High-Caliber Talent | Pacific Lake
pacificlake.com
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The story of Eleven Software, now led by Hannah Greenberg and Alex Lopez, exemplifies the diligence, strategy, and human connection that define the search and acquisition process. As graduates of University of California, Berkeley, Haas School of Business in 2021, Hannah and Alex ventured into the search fund world with a vision to acquire and grow a business aligned with their professional aspirations and personal values. Their journey, marked by discipline, community leverage, and a touch of humor, offers valuable insights into what worked for both the searchers and the sellers. Read their perspectives here:
Searcher & Seller Stories - Tenacity, Teamwork, and Trust: The Eleven Software Success Story | Pacific Lake
pacificlake.com