In 2003, I had every penny in
this company and decided it was time to seek outside financing
via a financial partner. I was introduced to a number of potential partners. Even though Solis didnít offer the highest valuation up front, we chose Solis because we trusted them and believed in the long run we would create even more value together.
As a management team, we connected with Solis. We were impressed with the personal approach of the Solis partners, who were very involved in the due diligence process, asking us questions directly rather than through associates or intermediaries. Solis was professional, told us what they would do if we partnered with them, and then they did it. We wanted partners who would support our business but give us the freedom to run the company. Our partnership has been exactly that.
Solis has supported us through good and challenging times. For example, several years ago we had some significant accounting issues. Solis helped us resolve the problem and recruit a new CFO. In the most recent transaction, Solis was instrumental in getting it closed.
The Solis partners keep their word. They simply do what they say. If we make mistakes, they help us make things right. We know that they are there for us and they have never let us down.
I would definitely partner with Solis on other transactions. I have invested in some of their other companies and plan to do more in the future.