Succession Planning / Advisory Board Governance
Monashee can assist you in the establishment of a succession plan and an advisory board to ensure your interests and your family’s’ interests are protected.
Succession Planning
Often business owners are not prepared for the ultimate sale of their business. Their focus is on improving and growing the business and they are having fun in the process. Many owners suggest that they do not plan to consider a sale for 5 or 10 years.
What happens if you become suddenly ill or have an accident? Is there a plan in place? It is prudent to prepare for such an occurrence because we cannot predict sudden events. Monashee can assist you in the preparation of a succession plan roadmap to ensure there is a well planned guideline.
Advisory Board Governance
Monashee has advised private business owners on the establishment and ongoing function of advisory boards. The Advisory Board mandate, structure, advisor diversity, and agenda topics are key components that must be addressed. Advisory boards can be an important component of governance to ensure continuity in the event a business owner and/or other key management are unable to management the business as a result of illness or otherwise.
Monashee advised us through the process of selling our business to a large international business. We were very pleased with the outcome and have praise for expertise and guidance that was provided. We felt that Kevin always had our interests at heart.
Eric and Joann Byres, Founders of Byres Security Inc., Nanaimo, British Columbia
Kevin has been a supportive board member and advisor to us for Ryan Mortgage Investment Fund and we continue to grow with assets under management exceeding $40 million.
Kurt Wipp, Owner, Alpine Credits, Delta, British Columbia
Monashee’s professional experience and disciplined corporate governance has helped position our business to become the new technology leader in molded plastics packaging. The added professionalism has assisted us to secure new business with Fortune 500 customers.
Scott Molnar, President, YGrene Technologies Inc., Burlington, Ontario
We have used Monashee on a wide variety of projects ranging from negotiating acquisition opportunities to assessing the business plans of various operating divisions. Kevin is a trusted executive resource and advisor.
Mark Schnarr, President and CEO, Alpha Technologies Ltd., Burnaby, British Columbia
Monashee advised us through our successful acquisition of Outback Power Systems, from the preparation of the LOI through leading our due diligence process and negotiating the final agreements. Kevin provided structure and discipline during the acquisition and in the planning of the subsequent integration. Kevin is able to manage a transaction from the beginning to end.
Drew Zogby, President, Alpha Technologies Inc., Bellingham, Washington State
The guidance provided by Monashee has facilitated our ability to obtain appropriate growth financing for our business and has also allowed us to begin to position us for an appropriate succession plan in the future. We understand that if we treat succession as a process and not an event, we will achieve the best outcome.
Chris Giffin, CEO, Giffin Koerth Forensic Engineering, Toronto, Ontario
PSVI was able to provide us bridge financing in a timely manner during the sale of our business
Martin Carsky, Former CEO, Cryopak Industries