Martin Xie's Colleagues at Next Generation Growth
Martin Xie's Contact Details
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Melbourne, Victoria, Australia
Next Generation Growth
Martin Xie's Company Details
An entrepreneurial firm dedicated to acquiring and running a high-quality Australian business for the long termPURPOSEAustralia's Small-to-Medium (SME) sector has been blessed with the ingenuity, hardwork and passion of business owners over the preceding decades. However, as these owners retire, there is a dearth of viable succession solutions – an outcome that provides an economic reward as well as a go-forward management solution. Consequently, owners are forced to either sacrifice their own, or their enterprise's, best-interests (and sometimes both) as they search for the right balance upon retirement. Next Generation Growth fills that gap by acquiring and building on the success of the existing operations and freeing the owner from their day-to-day responsibilities.DIFFERENCENext Generation Growth is focused on acquiring and subsequently running a single business. As such, there is no distractions around managing multiple portfolio businesses or trying to achieve head-count reductions under the guise of ‘synergies' or ‘right-sizing'. The plans for the business post-acquisition will be transparently shared with the business owner prior to the sale to provide comfort that tomorrow's version of the business reflects the culture, traditions and values of the business today. CRITERIANext Generation Growth's philosophy is to be the perfect buyer for one business, rather than be a satisfactory buyer for many businesses. Much of the ‘fit' depends on deeper discussions around culture and values but some initial filters include:* A willing owner looking to transition their management responsibilities* Consistent historic profitability with revenue between $5m - $50m * A company in the industrial, manufacturing or business services sector