|By PR Newswire||
|September 3, 2013 08:45 AM EDT||
WINSTON SALEM, N.C., Sept. 3, 2013 /PRNewswire/ -- Founded by Tim Scronce, Scronce and Associates, LLC is a private equity group that invests in small to mid-size privately owned entrepreneurial companies located in the southeast United States with revenues from $1 million to $15 million that are in transition and need both financial and business support. Tim Scronce, President/CEO of Scronce & Associates, comments, "With revenues in this range, many banks and private equity companies are reluctant to provide capital due to size or insufficient assets to raise debt. In today's uncertain economic environment, banks have tightened their lending criteria and many private equity firms will only invest in larger ventures."
Companies experience several critical phases in their life cycle. Scronce and Associates focuses on supporting businesses during the small to mid-size transition. Entrepreneurs who have built businesses know there is that unique moment in the growth of a company where it becomes too small to be big and too big to be small. This phase can often be "make or break" for business owners due to a number of challenges occurring simultaneously when a company may not have the resources to advance to the next level. Business owners may have an idea in mind of where they want to take their company, but lack adequate direction and capital to get there.
Through a combination of small business financing and advising, our team enables previously undiscovered companies to get where they want to go without tying on the risk that can often be a part of that process.
"At Scronce and Associates, we are not interested in participating in the day-to-day operations of businesses. Rather, we work with current management to refine the existing business strategy and create actionable, realistic plans to help small business owners to build upon best practices and develop a blueprint for the future," adds Scronce.
Scronce & Associates Simplistic Approach
- Non threatening style – Scronce and Associates approaches deals with a transparent, up-front, honest and cooperative style which is essential in building strong, trusting, committed, and motivated leadership teams. We tend to be less aggressive in our approach and are highly sensitive to cultural fit.
- Operator's perspective – We bring an "operator's" perspective to our partnerships, rather than a pure "investor's" perspective. This enables us to identify with management and find competent solutions to real-time operations issues.
Tim Scronce, President, Scronce & Associates, has worked in several private and public businesses of all sizes and his wealth of experience is now made available to other businesses. Learn more at http://scronceandassociates.com. In addition to capital investment, Tim Scronce is also involved in providing consulting services to small to mid-size businesses through Scronce Advisors, LLC http://scronceadvisors.com, as well as providing facilities leasing solutions and to fast growing small businesses in the southeast through Scronce Real Estate http://scroncerealestate.com.
Steve D Williams
336 479 1269
Read more news from Scronce & Associates
SOURCE Scronce and Associates