I am looking at this great business. Ticks all the boxes with strong, regular revenue secured by contracts, constant new business, high margins, a fragmented industry and room for amalgamation into one dominant player,, everything looks great. It is also just the right size for the ETA model and I see a path of growth to at least get it to the PE size.

One big issue is that the owner plays a very big role in the day-to-day operations of the business. and the industry also requires some specialised professional certification, which only the owner has. I am not sure how big of a role this play in the success of the company. Your thoughts on how to tackle this one...?