It has been a while since I have written. That catches me as funny in that writing has been an outlet for me, not a job. Many things are different in this entry. I am not going to a foreign country nor writing for a birthday or a special day. I am trying to capture a life changing process that may seem small to some and a few will understand. I am in a position within my company that allows me to experience things few will ever feel, see, or touch. In my position with our company I have been to every board meeting since 2010.
Once per quarter, scheduled a year in advance I have been to board of directors meetings that have gone the full spectrum. A meeting in Cleveland to discuss replacing top people to the process of selling our company for the second time in our history. We are a relatively small company yet big. We have 15,000 employees. We originally sold for 1/3 of a billion and now we are headed to market at $1b. It is hard to get my head around the company I came to work for in 2006, grew up to be $1 billion dollars but the private equity experts are telling us we are there.
Tomorrow I head on our private plane to Chicago to do the final "dry run" in front of our owners, large investors, and the company selling us to be grilled with every possible question we can handle. Thier goal is to knock us off track, frustrate us and stagger us. Our team of 7 people is strong. We have combined market excperience of 130 years but none of us has sold a $1b company. We have the unique perspective and challenge to be in the fire of selling a comapny at 14 times the after tax profit. It is an enormous challenge and weight to all of our investors including me.
The process is hard for me to understand but it is laid out - one more dry run, then we go "live" in front of prospective buyers for two weeks with from 8 to 14 presentations, four to six hours each plus a dinner the night before. We are smiling, telling half truths, buried in the process and trying to maintain our day time jobs.
I am unsure where this will go but there is millions at stake for all of us. I am happy to be here yet worried about performance. It is part of who I am. Here we go.