Launching a Searchfund with geographic constraints?

searcher profile

October 29, 2020

by a searcher from Western University in Toronto, ON, Canada

Have any Searchfunds been launched with geographic constraints? Conversations with searchers tell me no but thats a small sample and curious to hear if anything has successfully been launched with that criteria.

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commentor profile
Reply by a searcher
from The University of Michigan in Las Vegas, NV, USA
^redacted‌ nice post here... At my firm, we have as our geographic footprint everything west of the Mississippi (excluding the state of California). This has come back to bite us on several occasions, primarily due to such a large geographical non-constraint has led to us working primarily with brokers instead of focusing on owners in our desired industries (Construction, Manufacturing, and Professional Services) and associations therein (CPAs, Attorneys, etc.) I mention this because we're shifting our focus in 2021 to better coordinate our efforts with owners and associations in highly desired geographic locations (Seattle, Portland, etc.) In other words, we're flipping our model in 2021! If you'd like to grab a quick call I'd be happy to discuss offline and see if there might be alignment opportunities. Hope this helps. Sam
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Reply by an intermediary
from University of Central Arkansas in Memphis, TN, USA
As someone who works on searches every day, my advice has always been if you're open on geography, you need to be focused on the industry, otherwise you look at too many deals that aren't ever going to be a fit from an industry perspective. If you are focused on geography, you will need to be open to a broader range of industries to be successful. Geographic searches are easier for companies like mine, because we can churn through potential sellers quicker to make sure we are showing the best candidates to the searcher.
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