A Journey of Acquiring, Growing, and Exiting a Business with Craig Kohrs, Founding Partner of Velocity Capital Partners (Ep.20)

Summary

Business owners are experts at running businesses. They aren’t experts at selling them and they most definitely aren’t experts at sourcing people who would want to buy the business.

In this episode, Mark Dorman interviews Craig Kohrs, one of the founding partners of Velocity Capital Partners. Craig shares his experience of selling his previous business, and how he and his business partner Ryan Mifsud are now involved in a mission-driven venture called “We are the Ripple”. He shares the importance of having a great team, trusting them to run the business, and giving them the tools to be successful. He also gives some advice for business owners who are looking to exit or grow their businesses.

Craig dives into:

• How he started his own family business
• The story behind how his team acquired and built TMG Performance Products
• How he ran his business before planning his exit
• Why you should hire exit planning experts to help make your exit successful
• The goal of “We are the Ripple” to provide funding and create clean water access for schools and communities in Africa
• And more

Resources:

• Finish Big: How Great Entrepreneurs Exit Their Companies on Top by Bo Burlingham
• We Are The Ripple
• What’s the Value of Your Business? with Michael Carter, Founder and CEO of BizEquity (Ep. 16)

Connect with Craig Kohrs:

• LinkedIn: Craig Kohrs
• Velocity Capital Partners

Connect with Mark Dorman:

LinkedIn: Mark Dorman 
Website: Succession Planning & Business Advisory Services | Succession Plus US
Email Mark: mdorman@succession.plus
LinkedIn: Succession Plus USA
Facebook: Succession Plus USA
Call: (330) 350-5410

About our Guest:

Craig is a Founding Partner of Velocity Capital Partners. In his most recent role as Co-President of The Mifsud Group, Craig was focused on the execution of its long-term growth plan through the identification of potential acquisitions, both as new businesses and add-on opportunities for our existing portfolio, as well as supporting the leadership of our current holdings to execute on their strategic plans. Craig was also Chief Executive Officer of TMG Performance Products, charged with the successful growth and daily operation of the business, leading his management team in the development and execution of the consumer and eCommerce business strategies, as well as identifying acquisitions of brands and product lines to support that growth strategy. Prior to his role with TMG Performance Products, Craig worked at The Mifsud Group as Vice President of Business Development, driving the acquisition of CORSA Performance, now TMG Performance Products. Before joining The Mifsud Group, Craig led the North American Cookware product line for Calphalon Cookware, a premium consumer brand, part of Newell Brands.

His professional memberships have included the Specialty Equipment Manufacturers Association; Housewares Association; Association for Corporate Growth and WIRE-Net (now Manufacturing Works). Craig is a graduate of The University of Dayton with a bachelor’s degree in Business Administration and he earned his Masters of Business Administration with a concentration in Marketing from the University of Wisconsin – Whitewater in 2004.

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