The Search Fund Process
At Heron Peak Capital, we put transparency and partnership first. Here's what you can expect when working with Heron Peak Capital, from our first conversation to the closing handshake.
Total Timeline: 5 - 6 months from first contact to closing ​
This represents a rough estimate of how long the process usually takes. However, we recognize that each business is unique and we'll adapt our processes to fit your needs and timeline.
​
Ready to Start the Conversation?
​
Whether you're ready to sell now or just exploring your options, we'd love to hear from you!
1
Initial Conversation
Timeline: 1 - 2 weeks
We start with a confidential, no-obligation conversation to learn a little more about your business, goals, and timeline. This is an opportunity for us to understand what you've built and for you to understand our approach. We do our best to respect your time and move quickly, as most initial calls happen within a week or two of contact. ​
2
Business Evaluation & Letter of Intent
Timeline: 3 - 6 weeks
If our initial outreach goes well and there's mutual interest, we'll conduct preliminary research to dive deep into your business, industry position, and financials. We'll request basic documentation such as financial statements, customer information, operational overview, and may even visit your facilities! Assuming everything aligns, we'll present a formal Letter of Interest outlining our proposed terms.
3
Due Diligence
Timeline: 60 - 90 days
Once the LOI is signed, we enter an exclusive period to conduct thorough due diligence. We'll review key financials in detail, speak with key employees and customers, assess operations, and ensure we fully understand the business. We work efficiently as we can and respect the fact that your business needs to continue running during this process.
4
Closing & Transition
Timeline: 30 - 45 days, with flexible transition period
After due diligence is complete and financing is secured, we move to closing. We'll work closely with you to create a transition plan that honors your legacy and sets the business up for continued success. Many owners choose to stay involved for the transition period to ensure continuity with employees and customers.
​