Michael (“Mike”) Elia’s career spans 35 years across a wide range of industries, including manufacturing, service, aftermarket parts and consumables, and software development. He has held leadership roles in both public and private equity backed companies serving a variety of end markets such as fashion and apparel, electronics and telecommunications, industrial, power generation, aerospace and defense, automotive, specialty publishing, consumer goods, and public accounting. Mr. Elia is the former President and CEO of Gerber Technology and the former SVP and CFO of FastenTech, Inc. Mike has completed 29 M&A transactions totaling $2.4 billion and helped arrange $1.5 billion in bank loans, public debentures, and preferred stock.
After more than 30 years in corporate leadership roles, we set out to create a different kind of small business investment company. At Elia & Partners, we’re all about building relationships and forging connections between business owners and talented, young businesspeople. We believe in investing for the long term and giving good ideas a chance to prove themselves. We believe in looking after our employees, and we believe that there’s more to success than simply profit and growth. We believe in direct communications, faster decision-making, and an enduring entrepreneurial spirit.
And, perhaps most importantly, we believe that good ethics go hand-in-hand with good value. That’s the driving force behind Elia & Partners, and we look forward to working with business owners, investors, and entrepreneurs who feel the same way.
Why We’re Different
What sets Elia & Partners apart from other search fund models? I designed our unique approach to directly address the challenges associated with traditional models and position our searchers for success:
Mentoring and guidance
Our talented, young entrepreneurs go through a rigorous hiring process. Once on board, they identify, buy, and succeed the owners of established small businesses. We will provide the financing, tools, processes, procedures, mentorship, and resources to promote the long-term growth of those small businesses – and the success of our young businesspeople.
A focus on values and connections
Elia & Partners will place a great emphasis on the purpose, core beliefs, and values held by each company we purchase. We will focus our efforts on maintaining the connections these companies have with their established and loyal customers, their suppliers, and the communities that share their core beliefs and values.
Slow and steady growth
Businesses that fit our model are not “glamorous” companies or rapidly evolving tech startups. They’re not companies in need of a turnaround. Our ideal investment? A small business with an annual revenue of $5 to $15 million and annual free cash flows of $750,000 to $3 million. We’re okay with “dull.” We prefer slow and steady revenue growth and sustainable cash flows.
Our ideal investment? A small business with an annual revenue of $5 to $15 million and annual free cash flows of $750,000 to $3 million. We prefer slow and steady revenue growth and sustainable cash flows, and we specialize in acquiring established businesses with a unique product or service offering and a dedicated customer base.
If your business fits this profile, we’d love to hear from you.
Elia & Partners, LLC is a different kind of search firm. We’re founded and funded by two experienced executives, and our sole focus is entrepreneurship through acquisition (ETA). Our idea is simple: Find and acquire existing small to mid-size enterprises and grow them through succession, globalization, digitalization, and innovation strategies.
John Riccardi is a Certified Public Accountant with more than three decades of experience in SEC and GAAP reporting. His career includes 10 years with Ernst & Young, followed by nearly a decade as CFO of various publicly held or private equity sponsored companies. Since 2006, John has served as executive financial consultant and advisor to CEOs of several growth-oriented companies. He has worked on eight different search fund deals, including Out of Home America, Medical Records, In Charge Electric, and Sub Atomic Digital. He is a member of the American Institute of Certified Public Accountants and Connecticut Society of Certified Public Accountants.