"Opportunity is missed by most people because it is dressed in overalls and looks like work."
- Thomas Edison

[ WHO WE ARE ]


 

Bestige Holdings is a private investment firm focused on building and developing a portfolio of debt and long-term equity investments in high potential businesses. We launched Bestige to offer a notably different and inspired way to invest in, and work with, businesses. Our approach centers upon the union of operational excellence, strategic initiatives that fuel organic growth, and patient long-term family capital. Complementing this strategy is an unwavering commitment to operating by our core values and doing business with integrity, respect and transparency.

 

[ WHO WE ARE ]


 

Bestige Holdings is a private investment firm focused on building and developing a portfolio of debt and long-term equity investments in high potential businesses. We launched Bestige to offer a notably different and inspired way to invest in, and work with, businesses. Our approach centers upon the union of operational excellence, strategic initiatives that fuel organic growth, and patient long-term family capital. Complementing this strategy is an unwavering commitment to operating by our core values and doing business with integrity, respect and transparency.

"I learned to go into business with people whom I like, trust, and admire."
- Warren Buffet

 

[ OUR WHY ]


 

We launched Bestige to challenge the status quo and to develop an innovative investing platform influenced by an irreverent view of the traditional private equity construct. A conviction that a greater alignment of interests between investors and fund managers, absolute transparency, an appreciation for the human element of investing and an efficient long-term investment horizon are critical to producing superior returns for all stakeholders. After successful careers in private equity and operational advisory, the founding team came together resolved to change the paradigm.

We share a common vision and passion for what we do and the people we do it with. Our analogous life experiences have similar ‘lessons learned’ and consistent core values. These realities were key drivers influencing the creation of Bestige and what we stand for as individuals and professionals.

Building long-term relationships requires trust, the ability to be vulnerable and the knowledge that the person you are partnering with is authentic. We believe genuine partnerships cannot be built without the ability to understand “why they are who they are”.

For our unvarnished stories, please click below.

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[ OUR WHY ]


 

We launched Bestige to challenge the status quo and to develop an innovative investing platform influenced by an irreverent view of the traditional private equity construct. A conviction that a greater alignment of interests between investors and fund managers, absolute transparency, an appreciation for the human element of investing and an efficient long-term investment horizon are critical to producing superior returns for all stakeholders. After successful careers in private equity and operational advisory, the founding team came together resolved to change the paradigm.

We share a common vision and passion for what we do and the people we do it with. Our analogous life experiences have similar ‘lessons learned’ and consistent core values. These realities were key drivers influencing the creation of Bestige and what we stand for as individuals and professionals.

Building long-term relationships requires trust, the ability to be vulnerable and the knowledge that the person you are partnering with is authentic. We believe genuine partnerships cannot be built without the ability to understand “why they are who they are”.

For our unvarnished stories, please click below.

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[ GUIDING PRINCIPLES ]


Our guiding principles come down to a few basic but essential ideas. Ideas that we translate into a way of operating - as a business and as human beings. Lead and execute every aspect of business with integrity. Create complete transparency for all stakeholders so trust is implicit and maintained indefinitely. Treat every member of the organization with respect and fairness - always, in all circumstances. Maintain an insatiable hunger to work hard and do work you can always be proud of. Building a business on the currencies of honor, trust, hard work and integrity will always prove the most successful course. To that end, we contend that success is not solely measured in dollars and cents but rather these “human” currencies, illustrated through the choices of every employee and the quality of the work we do.


[ OUR GUIDING PRINCIPLES ]


Our guiding principles come down to a few basic but essential ideas. Ideas that we translate into a way of operating - as a business and as human beings. Lead and execute every aspect of business with integrity. Create complete transparency for all stakeholders so trust is implicit and maintained indefinitely. Treat every member of the organization with respect and fairness - always, in all circumstances. Maintain an insatiable hunger to work hard and do work you can always be proud of. Building a business on the currencies of honor, trust, hard work and integrity will always prove the most successful course. To that end, we contend that success is not solely measured in dollars and cents but rather these currencies of the human spirit, illustrated through the choices of every employee and the quality of the work we do - every minute, every hour, every day.




Unwavering Commitment to Excellence in Leadership


We have been in the trenches. We have weathered many storms and learned from every phase of our journey, whether a success or failure. With decades of investment and operational experience across a wide variety of businesses and industries, we partner with and mentor stakeholders as they navigate all stages of the business lifecycle in order to build, enhance and grow sustainable, principled companies.



Unparalleled Fiduciary Stewardship

As fiduciaries, stewardship goes far beyond ‘blocking and tackling’ and simply going through the motions of operating a fiscally sound business. We acknowledge that our co-investors are entrusting us with their capital. We acknowledge that owners and sellers are entrusting us with their legacies, businesses and people. This level of accountability is not something we take lightly. It is, in fact, an honor and privilege. We pledge to hold Bestige to the highest ethical and moral standards, delivering exceptional quality for the collective benefit of the organization and our stakeholders.



Perseverance as Way of Life

Our personal and professional histories tell a story of success through integrity, grit and good, old-fashioned hard work. These principles guide and affect everything we do – every day and every deal. The spirit of entrepreneurship – the genuine drive to succeed – is the force behind our leadership style and the true essence of who we are.



Pioneering True Partnership for Long-Term Growth

Partnership is an overused term. To us, partnership is a constant state of professional and personal integration and collaboration. It means facilitating and nurturing reciprocal communication and engagement between and among investors, portfolio companies, vendors and customers. When all stakeholders’ voices are heard and their ideas are implemented, progress and growth are the outcomes.



Commitment to the Human Side of Business

It is our steadfast belief that people are the single most important variable in creating a successful organization. The people that comprise an organization are its essence, its lifeline, its True North. We are dedicated to investing in the growth, development and evolution of the people that comprise our organization. Whether the CEO of a portfolio company or an accounts receivable professional at a key vendor, each individual represents a key piece of an organization’s value chain and deserves to be heard, supported and respected.



Live and Work in an Honest Manner and with Integrity

The concept of The Golden Rule is universal and, for most people, learned at a very young age: treat people the way you want to be treated. At Bestige, working and living with respect, honesty and integrity is an absolute imperative. If we hold our children to this basic standard then we must also hold ourselves, our employees and our stakeholders to it: in every word, deed and action.

Committed Leadership
Unwavering Commitment to Excellence in Leadership We have been in the trenches. We have weathered many storms and learned from every phase of our journey, whether a success or failure. With decades of investment and operational experience across a wide variety of businesses and industries, we partner with and mentor stakeholders as they navigate all stages of the business lifecycle in order to build, enhance and grow sustainable, principled companies.
Trusted Fiduciary
Unparalleled Fiduciary Stewardship As fiduciaries, stewardship goes far beyond ‘blocking and tackling’ and simply going through the motions of operating a fiscally sound business. We acknowledge that co-investors are entrusting us with their capital. We acknowledge that owners and sellers are entrusting us with their legacies, businesses and people. This level of accountability is not something we take lightly. It is, in fact, an honor and privilege. We pledge to hold Bestige to the highest ethical and moral standards, delivering exceptional quality for the collective benefit of the organization and our stakeholders.
Entrepreneurial Tenacity
Our personal and professional history tells a story of success through integrity, grit and good, old-fashioned hard work. These principles guide and affect everything we do – every day and every deal. The spirit of entrepreneurship – the hungry and genuine drive to succeed – is the force behind our leadership style and the true essence of who we are.
Authentic Partnership
Partnership is an overused term. To us, partnership is a constant state of professional and personal integration and collaboration. It means facilitating and nurturing reciprocal communication and engagement between and among investors, portfolio companies, vendors and customers. When all stakeholders’ voices are heard and their ideas are implemented, progress and growth are the outcomes.
People First
It is our steadfast belief that people are the single most important variable in creating a successful organization. The people that comprise an organization are its essence, its lifeline, its True North. We are dedicated to investing in the growth, development and evolution of the people that comprise our organization. Whether the CEO of a portfolio company or an accounts receivable professional at a key vendor, each individual represents a key piece of an organization’s value chain and deserves to be heard, supported and respected.
Golden Rule
The concept of The Golden Rule is universal and, for most people, learned at a very young age: treat people the way you want to be treated. At Bestige, working and living with respect, honesty and integrity is an absolute imperative. If we hold our children to this basic standard then we must also hold ourselves, our employees and our stakeholders to it: in every word, deed and action.

"Keep your obligations and promises. Try, if possible, to do business with honorable people. All the contracts and lawyers in Christendom cannot make a dishonorable man hew the line."
- Fred Koch

[ CORE VALUES ]


It is not the obstacle that matters,
it is how you respond that does.


As the founding members of Bestige, we are cut from the same proverbial cloth, where hard work and tenacity was the only path by which you could succeed. We hold to an unwavering belief that life presents limited opportunities to make a significant impact on the world around you and only those who recognize and seize the moment will truly leave a legacy.

We believe personal relationships are the cumulative measure of a person’s journey and among one of our most valued assets. Integrity is non-negotiable. Respect is non-negotiable. A passion for what you do and who you do it with matters.

These values are more than words on a page, it is the very essence of who we are and the foundation on which Bestige stands.

[ CORE VALUES ]


It is not the obstacle that matters,
it is how you respond that does.


As the founding members of Bestige, we are cut from the same proverbial cloth, where hard work and tenacity was the only path by which you could succeed. We hold to an unwavering belief that life presents limited opportunities to make a significant impact on the world around you and only those who recognize and seize the moment will truly leave a legacy.

We believe personal relationships are the cumulative measure of a person’s journey and among one of our most valued assets. Integrity is non-negotiable. Respect is non-negotiable. A passion for what you do and who you do it with matters.

These values are more than words on a page, it is the very essence of who we are and the foundation on which Bestige stands.

[ INVESTMENT PHILOSOPHY ]


We invest in businesses with high potential, reasons to exist, and strong value propositions that we can work with for decades to come. Once an investment has been made, we focus on supporting long-term value creation through continued growth and ever improving operational efficiency. We have been successful with this approach during our careers and will continue to apply it as we operate Bestige.




Continuous Growth Through Innovation


Organizations that succeed in the dynamic global economy are built on a foundation of continuous learning, calculated risk, and an unyielding dedication to transformation. We embrace innovation, whether small or large scale, organized or disruptive. Through our network of human capital, we promote a culture of active innovation… encouraging stakeholders to harness new ideas in the continuous pursuit of progress and long-term growth.



Tireless Focus on Operational Excellence


In the ever competitive economic environment, it is difficult for companies to thrive on growth alone. Experience has shown us that the most profitable businesses focus on, and achieve, a combination of growth and operational excellence nearly every year. For such businesses, a harmonious upward cycle of profitability and innovation paves the way for sustainable market share and enduring viability. Operational excellence is essential as it helps fund and attract top-notch talent, creates incremental capital to reinvest in businesses, maintains customer and vendor mindshare, and capitalizes on opportunities in all business cycles.

We seek operational excellence by identifying and prioritizing all improvement opportunities within our collective organizations, quantifying the costs, benefits and timing of such initiatives, and ensuring the right teams and capital plans are in place to pursue such opportunities. We pursue this level of excellence while continuing to meet the needs of our people, customers, and suppliers. It is an ongoing challenge but one that we welcome each and every day. .



On-Going Reinvestment in Partner Businesses


There is no greater investment than in businesses we already know. Reinvestment in a business is critical to pursuing its short and long-term strategies. Reinvestment can come in many forms including dedicating resources and capital to the improvement of processes, technology, equipment, and people. In addition, reinvestment can, and most likely will, include the purchase of complementary businesses, which makes it possible to achieve advancements and operational efficiencies that would otherwise take decades to organically create. Whatever the approach, we know that leaving and reinvesting capital in businesses ensures a better competitive position. Our long-term investment strategy affords our portfolio companies the time to improve product offerings, advance market share, and create thriving businesses for decades to come.



Long-Term Ownership for Value Creation


It takes decades to build and scale a world-class business. Without the pressure of short-term investment horizons, Bestige has the flexibility and benefit of time to make meaningful capital and non-capital related investments and reinvestments in businesses. Additionally, committed and consistent ownership allows for the creation and execution of a focused and disciplined long-term investment strategy. Integrating a strategic growth mindset, patient long-term capital, and the realization of compounding benefits of time, Bestige believes it is a ‘partner of choice’ for those who are seeking investment cohorts.



Consideration of Flexible Capital Structures


We seek to build diverse and enduring investment partnerships which begins with understanding a business’ capital wants and needs. Leaning on extensive financial analysis and informed intuition developed from years of experience, we work with stakeholders to understand and provide the right capital and the right partners to support each business through its individual journey. We invest in businesses that we believe in, that inspire us, and that we know have real potential to grow and thrive. Rather than pushing a narrow capital offering, our flexible investment strategy allows us to provide businesses with the ideal capital structure based on each of their respective situations, from simple debt and equity to complex structured securities.

Continuous Innovation
Continuous Growth Through Innovation Organizations that succeed in the dynamic global economy are built on a foundation of continuous learning, calculated risk, and an unyielding dedication to transformation. We embrace innovation, whether small or large scale, organized or disruptive. Through our network of human capital, we promote a culture of active innovation… encouraging stakeholders to harness new ideas in the continuous pursuit of progress and long-term growth.
Operational Excellence
Tireless Focus on Operational Excellence In the ever competitive economic environment, it is difficult for companies to thrive on growth alone. Experience has shown us that the most profitable businesses focus on, and achieve, a combination of growth and operational excellence nearly every year. For such businesses, a harmonious upward cycle of profitability and innovation paves the way for sustainable market share and enduring viability. Operational excellence is essential as it helps fund and attract top-notch talent, creates incremental capital to reinvest in businesses, maintains customer and vendor mindshare, and capitalizes on opportunities in all business cycles. We seek operational excellence by identifying and prioritizing all improvement opportunities within our collective organizations, quantifying the costs, benefits and timing of such initiatives, and ensuring the right teams and capital plans are in place to pursue such opportunities. We pursue this level of excellence while continuing to meet the needs of our people, customers, and suppliers. It is an ongoing challenge but one that we welcome each and every day.
Focused Reinvestment
On-Going Reinvestment in Partner Businesses There is no greater investment than in businesses we already know. Reinvestment in a business is critical to pursuing its short and long-term strategies. Reinvestment can come in many forms including dedicating resources and capital to the improvement of processes, technology, equipment, and people. In addition, reinvestment can, and most likely will, include the purchase of complementary businesses, which makes it possible to achieve advancements and operational efficiencies that would otherwise take decades to organically create. Whatever the approach, we know that leaving and reinvesting capital in businesses ensures a better competitive position. Our long-term investment strategy affords our portfolio companies the time to improve product offerings, advance market share, and create thriving businesses for decades to come.
Long-Term Ownership
Long-Term Ownership for Value Creation It takes decades to build and scale a world-class business. Without the pressure of short-term investment horizons, Bestige has the flexibility and benefit of time to make meaningful capital and non-capital related investments and reinvestments in businesses. Additionally, committed and consistent ownership allows for the creation and execution of a focused and disciplined long-term investment strategy. Integrating a strategic growth mindset, patient long-term capital, and the realization of compounding benefits of time, Bestige believes it is a ‘partner of choice’ for those who are seeking investment cohorts.
Flexible Capital Strategies
Consideration of Flexible Capital Structures We seek to build diverse and enduring investment partnerships which begins with understanding a business’ capital wants and needs. Leaning on extensive financial analysis and informed intuition developed from years of experience, we work with stakeholders to understand and provide the right capital and the right partners to support each business through its individual journey. We invest in businesses that we believe in, that inspire us, and that we know have real potential to grow and thrive. Rather than pushing a narrow capital offering, our flexible investment strategy allows us to provide businesses with the ideal capital structure based on each of their respective situations, from simple debt and equity to complex structured securities.

"It is far better to buy a wonderful company at a fair price than a fair company at a wonderful price."
- Warren Buffet


[ INVESTMENT PARAMETERS ]


As seasoned executives in the investment and advisory arena, with approximately 70 investments / engagements under our belts, we have a distinctive depth and breadth of capabilities to successfully utilize a broad range of investment strategies. We have made investments in and advised businesses ranging from $5 million to $3 billion in revenue. We have navigated the complicated waters of bankruptcy and the rising tide created by growing and thriving businesses. It was during these times that we identified and honed where our expertise and capital is best utilized. While we will strive to refine and fine-tune our approach as needed, we will endeavor to invest within a band of these investment parameters; securing 3-4 deals and investing $25 to $75 million of capital each year.

Company Size and Location

We invest in companies that have leading market positions and sustainable competitive advantages in their respective niches. Investment candidates typically include those with headquarters and/or significant operations within North America, $20 to $250 million of revenue, and slightly negative to positive $20 million of EBITDA.

Investment Size

We seek to initially invest $5 to $30 million in each transaction. For equity investments, we intend to double the amount invested in each business during the first seven years of ownership. Additional investments typically support human and capital improvements, opportunistic strategic initiatives, and add-on acquisitions.

Investment Process

We participate in a wide variety of transaction processes, from simple to highly structured and complex, while pursuing our investment mandate. Such processes range from proprietary to auction-based involving stand-alone businesses, corporate divestitures and corporate carve-outs from owner operators, legacy families, asset managers, and large conglomerates.

Business Types and Industries

We invest in businesses of virtually every type that are operating in nearly every industry, including, but not limited to: distribution, franchising, manufacturing, product development, retail and service businesses that are operating in the aerospace and defense, agriculture, apparel, automotive, building products, chemicals, construction, consumer products, electronics, financial services, healthcare, packaging, steel, and technology.


[ INVESTMENT PARAMETERS ]


As seasoned executives in the investment and advisory arena, with approximately 70 investments / engagements under our belts, we have a distinctive depth and breadth of capabilities to successfully utilize a broad range of investment strategies. We have made investments in and advised businesses ranging from $5 million to $3 billion in revenue. We have navigated the complicated waters of bankruptcy and the rising tide created by growing and thriving businesses. It was during these times that we identified and honed where our expertise and capital is best utilized. While we will strive to refine and fine-tune our approach as needed, we will endeavor to invest within a band of these investment parameters; securing 3-4 deals and investing $25 to $75 million of capital each year.

Company Size and Location

We invest in companies that have leading market positions and sustainable competitive advantages in their respective niches. Investment candidates typically include those with headquarters and/or significant operations within North America, $20 to $250 million of revenue, and slightly negative to positive $20 million of EBITDA.

Investment Size

We seek to initially invest $5 to $30 million in each transaction. For equity investments, we intend to double the amount invested in each business during the first seven years of ownership. Additional investments typically support human and capital improvements, opportunistic strategic initiatives, and add-on acquisitions.

Investment Process

We participate in a wide variety of transaction processes, from simple to highly structured and complex, while pursuing our investment mandate. Such processes range from proprietary to auction-based involving stand-alone businesses, corporate divestitures and corporate carve-outs from owner operators, legacy families, asset managers, and large conglomerates.

Business Types and Industries

We invest in businesses of virtually every type that are operating in nearly every industry, including, but not limited to: distribution, franchising, manufacturing, product development, retail and service businesses that are operating in the aerospace and defense, agriculture, apparel, automotive, building products, chemicals, construction, consumer products, electronics, financial services, healthcare, packaging, steel, and technology.

"Success is always a team sport."
- Simon Sinek





Nathan Richey

Co-Founder; Managing Partner

Mr. Richey is a senior executive with significant experience in identifying, analyzing, structuring, and managing private debt and equity investments in small to large middle-market businesses across a variety of industries. A seasoned investor with a strong financial and operational background, Mr. Richey has both a depth and breadth of experience in all aspects of the investment process from sourcing, diligence, and acquisition to restructuring and post-close management. He is passionate about investing in great businesses and working with management teams to drive significant growth in value over extended periods of time.

Shawn Hassel

Co-Founder; Managing Partner

Mr. Hassel is a senior executive with a proven track record of identifying, managing and implementing significant financial and operational improvements for businesses within a wide variety of industries. He specializes in developing operational and financial solutions for companies that maximize value and foster long-term strategic improvement. Mr. Hassel has served in various C-suite roles (COO, CRO and CFO) as well as special advisor to both management teams and Boards of Directors. Mr. Hassel’s expertise in operational and financial advisory makes him ideally suited to assess acquisition opportunities and partner with management teams to greatly improve businesses, both through on-going margin improvements as well as long-term strategic and top line advancements.

Nathan Richey

Co-Founder; Managing Partner

Mr. Richey is a senior executive with significant experience in identifying, analyzing, structuring, and managing private debt and equity investments in small to large middle-market businesses across a variety of industries. A seasoned investor with a strong financial and operational background, Mr. Richey has both a depth and breadth of experience in all aspects of the investment process from sourcing, diligence, and acquisition to restructuring and post-close management. He is passionate about investing in great businesses and working with management teams to drive significant growth in value over extended periods of time.

Shawn Hassel

Co-Founder; Managing Partner

Mr. Hassel is a senior executive with a proven track record of identifying, managing and implementing significant financial and operational improvements for businesses within a wide variety of industries. He specializes in developing operational and financial solutions for companies that maximize value and foster long-term strategic improvement. Mr. Hassel has served in various C-suite roles (COO, CRO and CFO) as well as special advisor to both management teams and Boards of Directors. Mr. Hassel’s expertise in operational and financial advisory makes him ideally suited to assess acquisition opportunities and partner with management teams to greatly improve businesses, both through on-going margin improvements as well as long-term strategic and top line advancements.

"Hire character, train skill."
- Peter Schutz

[ CONTACT US ]

Shawn Hassel
C: (480) 267-1574
shassel@bestigeholdings.com

Bestige Holdings, LLC
2750 Rasmussen Road, Suite 100
Park City, UT 84098

Nathan Richey
C: (312) 405-7521
nrichey@bestigeholdings.com

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