Sherrill Tree is Sold to Investment Co.

They are an investment firm. Nowhere do they claim tree folkness...

That is not at all uncommon for a successful business to attract attention of investors. I don't know if Sherrill went looking or if Platte River came to them. When Tree Stuff sold to Sherrill, I don't know who contacted who about that either.

Until I see otherwise, I will assume:
1) Platte River invests in profitable businesses.
2) They want their investments to remain profitable.
3) They recognize the business model is part of what made the business successful (and profitable) before they became involved.
4) They probably aren't looking to make drastic changes to the business model. Probably more MBAs and CPAs on staff there than Sherrill and Tree Stuff, so they may make some tweaks to try to improve efficiency?? - but I'd be surprised if there are drastic changes.
5) The same people will be running the day to day operations.

I'd argue the "drastic" change happened when they launched Notch. That probably put them on a course that almost made this step inevitable - going from a retailer of other people's stuff to a (contracting) manufacturer of their own brand is a big step.

I've had good service from both. Neither has everything I need nor always the best price so I shop other places too... I'd say CONGRATULATIONS on building a successful business! Hope they continue doing a great job.
 
Of course, there are equity investment companies who pretty much aquire companies with a reputable name, sell off all the assets, toss the employees out onto the street and slap the old company name on cheap, foreign products.

Just sayin'...

Look in the cheapo kitchen utensils and appliances department at WallyWorld to see oodles of well known US company names slapped on plastic crap for $20 because struggling companies that were bought out by equity investment companies got to watch the international business model at work.... from a soup line down at the city mission.
 
JeffGu said:
Of course, there are equity investment companies who pretty much aquire companies with a reputable name, sell off all the assets, toss the employees out onto the street and slap the old company name on cheap, foreign products.

Just sayin'...

Look in the cheapo kitchen utensils and appliances department at WallyWorld to see oodles of well known US company names slapped on plastic crap for $20 because struggling companies that were bought out by equity investment companies got to watch the international business model at work.... from a soup line down at the city mission.
Click to expand...
We already have Notch

Sent from my LM-G710 using Tapatalk
 
Tom Dunlap said:
Seems a good place to share a 126 year old name that has been liquidated for the monetary ‘value’


Sears
Click to expand...
Except they were not liquidated in a state of success or profitability. They were (rather, are being) liquidated to capture the little value they have left.

If Sears had noticed a trend 20 years ago and partnered with B. Dalton or Borders, we'd never know the name Amazon. But they didn't. They thought they had a working model and they thought it would keep working just like it always had. It didn't.

I don't claim to have ANY inside knowledge of Sherrill's financials...but my impression is that they are on the upswing. That is not the kind of company that gets parceled out. Failing companies are bought on the cheap - when the equity firm believes their assets are worth more than the purchase price. Also noteworthy: that is usually a publicly traded company that is happening to. Sherrill was privately owned, right??? Or maybe I'm off ... maybe they are tanking fast.
 
Seems like a lot of assumptions.

I don't see the latest Sherrill news as a good thing for arborist.
 
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