MiddleGround partners John Stewart and Scot Duncan teamed up with Thomas and Industrial Exchange to discuss what private equity is and how it can work with manufacturing companies with 100+ business owners and CEOs. In this webinar, John and Scot discuss MiddleGround’s approach to partnering with our portfolio companies, how we have helped them navigate the COVID-19 pandemic, and the qualities business owners should consider when choosing a private equity firm as a buyer.

John and Scot cover a lot of ground, but here are the highlights of the COVID-19 topics addressed (starting around 12:07 in the video):

Workforce Health and Safety

• Cleaning of workplace and work areas
• Staggering breaks, lunches, and work shifts for social distancing
• Coordinating for access to free local testing

Supply Chain Risk Assessment

• Communicating with vendors to understand potential supply chain disruptions
• Frequent monitoring of inventory levels

Legal Aspects

• Determining location designation of “essential versus non-essential”
• Providing each location with proper documentation
• Understanding the potential impact of the CARES Act

Cash Flow Management

• Drawing on revolvers
• Managing critical payables
• Developing cash flow scenarios

Preparing For A Rebound

• Providing continuous employment
• Communicating with customers regarding start-up activities and future demand