I am an avid alpine sports enthusiast, and I've discovered that effective leadership is a lot like downhill skiing or snowboarding. Those that lack confidence become stiff-legged and attempt to control their descent by rigidly extending their downhill leg to scrape snow in an effort to lose speed. One of the consequences is that their bodyweight leans away from the fall line (uphill), and this often results in skis losing contact with the snow, a loss of control, GAINING speed, and an inevitable crash. Successful skiing and snowboarding, however, requires fluid and flexible leg movements, all ..read more

Identifying Relevant Investment Opportunities ..read more

The healthcare industry is booming, and the global pandemic in 2020 significantly impacted the general population’s perspective on their personal health and well-being. People are now putting themselves first, making major lifestyle changes, and even leaving high-stress jobs to find a greater balance between their personal and professional lives. As the CEO of FYZICAL Therapy & Balance Centers, it is my responsibility to support our franchise owners and clinics as they, in turn, help their local communities. With the support of a private equity partner like New Harbor Capital, we have th ..read more

Since private equity firms like New Harbor are usually the first institutional partner for an entrepreneur or founder, a recurring theme of our investment management plan is to evolve the organization to be more data-driven. Translating the intuition and experience of a founder partner into data-informed decisions facilitates accelerated scaling and unequivocally yields better and more consistent results. Investors across the financial ecosystem look to data for validation of what has happened and insights into what the future holds. The more a business can begin to translate its performance ..read more

New Harbor's Partners have a combined 80 years of experience working with founders of growth-oriented companies who see their potential but are hesitant to go it alone — providing the expertise and resources to tackle any challenge together ..read more

Perhaps the most important thing to remember at the beginning of your partnership period is the need for speed. Working with your private equity partner during the acquisition process, you likely developed a common understanding of your business’ future growth strategy. Your private equity partner will want to work with you to implement that strategy as quickly as possible. The key to success in this faster growth environment is to ensure you and your team have a growth mindset. Growing the business is no longer optional, and your private equity partner is ready and willing to invest the time ..read more

By the time the technical due diligence is requested, a private equity firm like ours has already decided the company is a good fit for its investment thesis, ran the initial numbers, talked extensively with the management team, and in partnership with management, formulated an investment management plan detailing how to grow the company over the next five years. Technical diligence is there to answer the simple question “Can we execute the investment management plan ..read more

New Harbor has reviewed partnerships with a multitude of medical practices across numerous specialties. Through this experience, three key considerations frequently rise to the top for practitioners: (1) access to resources, (2) clinical decision-making process, and (3) a groups’ prior experience. Alignment on all three is vital ..read more

What we have learned along the way is that the best relationships are built when we treat others like true partners. In a well-functioning partnership there is a foundation of mutual trust and respect. It is difficult (impossible?) to have a successful partnership if your partner believes that you do not truly care about them, or worse, that you are trying to benefit at their expense. Manipulation leads to distrust, and distrust leads to defensive behaviors, which diminish performance and outcomes. The opposite is also true. When someone knows that you truly care about their success and welfa ..read more

A business owner who finds the right partner can sell a majority of their ownership to “take chips off the table” and diversify their assets. At the same time, by retaining a significant ownership stake going forward and finding the right partner with expertise and appropriate capital, the business owner can make materially more on a round-trip basis through the second transaction (when the owner and the new partner both exit) than what they would have if they fully monetized at the original transaction. At each liquidity event (assuming a financial buyer), the business owner could have the o ..read more