Open Water Group

Open Water acquires high quality, established businesses and operates them with a long-term mindset.

Why Open Water

Preserving Your Legacy

Open Water is focused on carrying forward the reputation, relationships, and culture of companies.

Focus on People

The employees are the backbone of the company, and Open Water prioritizes helping them grow and expand their skillset.

Hands-On Ownership

Active management that will be working in the business alongside all employees.

Flexible Structure

Open Water will work with owners to determine their optimal transaction structure.

Acquisition Criteria

Longevity

Established businesses with long track records with customers, suppliers, employees, and communities.

Durability

Resilient performance in a variety of business cycles, emphasizing strong customer relationships and recurring nature of the business.

Profitability

$750K – $2M cash flow businesses with strong margins.

The Process
01

Introduction

Meeting to explore a potential fit. For many sellers discretion is important, so Open Water provides an NDA to ensure confidentiality.

02

Preliminary Terms

Review and sign a Letter of Intent, including an initial price and preliminary deal structure.

03

Due Diligence

Answer follow up questions and assist in an accountant-led quality of earnings analysis.

04

Deal Close

Finalize and sign formal Purchase Agreement and plan for transition, including communication strategy and onboarding activities.

About
Michael Paresky
Michael Paresky

Originally from the Boston metro, I worked in real estate investing in New York City for 13 years, gaining valuable investing, management, and leadership skills. Over my tenure, I closed over 40 deals ranging across a variety of asset types and geographies. I graduated in 2013 from Harvard and am currently living in Boston. In my free time I like to ride bikes, ski, and hit golf balls into the wrong fairway.

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Location Boston, MA
Focus US Small Business Acquisition

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All enquiries are treated with complete confidentiality.

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