EXPERIENCE IN TRANSITIONING OUT OF BEING A CERTIFIED SMALL BUSINESS?
We are looking at acquiring a company that has been functioning as a small business designee for the entirety of their existence, with a large part of their revenue coming from government contracts. US government contract guidelines require small businesses to stay under $41.5M in annual revenue. When looking at growth opportunities, what do we need to know or keep in mind about how moving beyond the $41.5 M minimum threshold for "small business designation" will affect revenue growth moving forward? Has anyone purchased a company that moved away from being a "small business" with current contracts in place with success? Our belief is that any current contract won't be effected and since they are now an approved service provider they will continue to win contracts with current customers. Looking for feedback and/or insights.