Southeastern Succession was started by Tim Lovett with the goal of acquiring one business in the Southeast for Tim to operate long term with a values-first approach.
If you are a business owner contemplating life after running your company, Tim provides a seamless transition to preserve the company you’ve built.
Acquiring One Business in the Southeast
Tim has been working towards owning his own business his whole life. Originally growing up on a horse farm, he spent much of his time outside working on the farm - as well as in his father’s business.
Tim earned his Economics degree from Wheaton College (IL) where he also competed as an NCAA Football player. He has been married to his wife for 7 years and has 3 children.
Tim Lovett has experience in a variety of sectors ranging from technology to real estate. Recently, Tim was a founding member of a subscription product at a growth company that yielded $120m in annual recurring revenue after 15 months.
Additionally, Tim has executed $35m in Commercial Real Estate transactions and is a minority partner and advisor in ResiBrands, a home services franchisor based in Austin, TX.
Tim finds a wide range of businesses exciting, and looks forward to working with a business owner to preserve their legacy.
About Tim Lovett
Commitments & Difference
Commitment to People
Tim seeks to honor the people and employees that are currently with the company. Tim’s commitment is to find a company with existing people who want continue to grow with the company for years to come.
Long Term Horizon
Unlike traditional private equity, strategic acquirers, or traditional search funds - Tim will own and operate a business long term, with no plan to exit.
Fair Price and Square Terms
Some private equity firms seek to create value through negotiation tactics. Tim believes that the best long term mutual outcomes exist when all parties are transparent and forthright throughout a relationship.
Strong Values
Tim brings a values-first approach to business. Tim’s personal values are: Excellence, Leadership, Integrity, Stewardship, and Effort.
Honoring Legacy
Tim believes in honoring the legacy of the entrepreneur that built the business. Great attention will be given to caring for existing customers along with other factors that are relevant to the business.
Day-to-Day Focus
Tim’s sole focus post acquisition will be to operate the single company day-to-day, without a portfolio to manage or a larger company to roll operations into.
Acquisition Criteria
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Businesses based in: NC, SC, FL, GA, TN, KY, AL, MS, LA, AR, OK, and TX.
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Minimum EBITDA of $500k, preferably with margins of at least 15%.
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Privately held business with transitioning owner looking to exit 81-100% of their interests.
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Tim finds many types of businesses interesting and has had success across multiple industries.
Selling Your Business?
If you’re exploring the idea of selling, or know of a business owner looking to transition - email Tim or fill out the contact form and he’ll follow up in the next 24 hours.
Tim Lovett
tim@southeasternsuccession.com
(937) 657-2424