We invested millions in a company whose power controls division focused on wireless utility meter reading and remote mission-critical control systems. At one point, the investment appeared headed toward a potential write-off: high cash burn, incapable management and unable to gain traction in the market.
Following the divestiture of that division to our fund, we restructured the business around its core IP and technology assets and worked alongside a new handpicked management team on strategic execution and commercialization. Within 18 months, the company was acquired by one of the largest privately held companies in the U.S., representing a 10x return. The company was later acquired by a second strategic buyer, and its products now serve utility and secure infrastructure applications across North America, the Caribbean, and Asia.
DM me if you have an asset that looks like it’s headed toward a write-off.