Looking for a succession plan for your home care business?
We can help.
We are on a mission to acquire, lead, and grow a remarkable home care business in the $0.5M - $3M EBITDA/SDE range. We seek to preserve what makes your business special and ensure a smooth transition for your employees and customers, while growing it in a way that honors your hard work, values, and legacy.
Why We Exist
We recognize that selling your business is one of the most significant financial and emotional decisions that you’ll make. You’ve spent years building your business into what it is today and you’re looking for successors who can provide a smooth transition for your employees and customers, while growing the business in a way that honors your hard work, values, and legacy.
We exist as an option to continue your legacy with strong leadership in place for the coming years while rewarding you with a well-deserved financial payout that will enable you to diversify your portfolio. Just like you, we are entrepreneurs seeking to lead a business that has a lasting, positive impact on its customers, employees, and community.
What We Look For
Every business is unique, and our search criteria may not perfectly describe yours. We encourage you to get in touch to see if we could be a good match.
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We are looking to acquire a business within the Home Care industry.
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$0.5M - $3M EBITDA/SDE
5+ years of operating history
Consistently Profitable
Located in the Midwest
Privately held
High portion of revenue is recurring
Low customer concentration
Low customer churn
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We believe that great companies are made up of great people. We're looking for a company that has built a heathy culture with:
high employee satisfaction
high employee engagement
low employee turnover
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We're looking for a business with a proven track record.
5+ years operating history
3+ years of consistent margins
consistent growth over recent years
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We are focused on acquiring a majority stake in your company.
We are open to business owners maintaining equity in the business
We are flexible on the owner's role post-acquisition
Process
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During a short phone or video call, we'll get to know you, your business, and your goals to understand if we're a fit.
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We will sign a non-disclosure agreement (NDA) and request access to your company's basic financial information.
We will review your financials to better understand your business and schedule an in person meeting to get to know each other better.
Following our review and meeting, we will put together an initial non-binding offer to help us discuss the terms and structure of what a deal might look like.
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If we agree to move forward, we will submit a letter of intent (LOI), which is a formal, non-binding offer to buy your business, which will include a purchase price (or a range) and key terms of the deal.
A signed LOI will provide Midway Legacy Partners an exclusivity period (typically 60-90 days) to conduct due diligence.
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Due diligence involves a thorough review of your company's financial history, operations, and team. Third party specialists such as lawyers, accountants, and banks will be engaged at this step.
Throughout due diligence, we'll navigate this step closely with you. We will meet regularly to discuss questions, specific deal details, and transition planning.
NOTE: this is usually the most time-consuming step of the process so we promise to respect your time with transparency, efficient communication, and empathy.
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Once all parties are in agreement, we will sign the final purchase agreement documents, transfer the funds, and celebrate an exciting future for you and your business!
After closing, we will work closely with you to ensure a smooth transition for all employees, customers, and suppliers.
Meet the Team
Henry and Karl are cousins who grew up together in Michigan, sharing the same values and sense of purpose that now drives their work together. Their partnership brings together institutional business discipline and frontline clinical expertise - complementary skillsets that rarely exist under the same roof.
Henry Berkemeier
henry@midwaylegacypartners.com | LinkedIn
Hi, I'm Henry.
I founded Midway Legacy Partners with a singular mission: to acquire, lead, and grow a remarkable business - specifically, a home care business.
Why Home Care
My desire to lead a home care business is deeply personal. Watching my grandparents and father receive care at the end of their lives left a lasting impression on me. Each of them had a strong desire to age in place, and the care they received honored that wish - allowing them to spend their final days surrounded by family. I founded Midway Legacy Partners to provide that same dignity and compassion to others.
Why I'm Prepared to Lead
I bring a combination of entrepreneurial, corporate, and leadership experience that has prepared me to run and grow a small business. My entrepreneurial journey began at Purdue University, where I co-founded a frozen yogurt kiosk company serving northwest Indiana. Over four years, I wore many hats - operations, finance, customer experience - and learned firsthand the complexities and responsibilities of running a small business.
After graduating, I joined Ford Motor Company, where I worked in data analytics, strategy, and finance roles. Ford showed me how strong culture and solid systems drive lasting success at scale. While at Ford, I completed my MBA at the University of Chicago Booth School of Business, where I deepened my passion for entrepreneurship through acquisition. I took the dedicated ETA course, completed an internship with an active searcher, co-chaired the Booth ETA Club, and led a team in UChicago's New Venture Challenge. Beyond business, I've coached basketball and tennis - experiences that reinforced how much I value developing people and building teams that perform well together.
Education
MBA - University of Chicago Booth School of Business
Concentrations in Finance, Strategic Management, and Entrepreneurship
B.S. Industrial Engineering - Purdue University
Minors in Statistics, Entrepreneurship
Karl Berkemeier
Hi, I’m Karl.
I’m a Registered Nurse with eight years of clinical experience, including service as a Captain in the United States Army Nurse Corps. I currently serve as an executive director of a home health company, overseeing clinical operations, staffing, and care delivery on a daily basis. I’ve spent my career at the bedside and in the operational trenches of patient care - and understand the trust that clients and families place in an agency.
Education
M.S. Public Health, University of Michigan
B.S. Nursing, University of Michigan
Frequently Asked Questions
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We realize that your business isn't just a business - it's part of you and your legacy. We're here to honor your legacy by leading your business into its next chapter. We will work closely with you to understand your business, its history, and culture to ensure we're a great fit. Henry and Karl will work on your business to ensure your company is successful and that you are proud of where the company goes next.
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We are looking to acquire a business in the Midwest or a business that is able to be operated from the Midwest. If you're unsure whether your business is outside our range, please reach out and we'd love to meet you to see if we're a fit.
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Our succession plan is tailored to meet your needs. Whether you want to move on from your business to focus on your next phase of life or stay involved in some capacity, we will work together to design a plan that works well for you.
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We value your team and want them to be part of the continued growth of the company.
We believe that a great team is the foundation for any organization to succeed, and we don't plan to make radical staffing changes to succeed.
Contact Us
We look forward to getting to know you and your business.
Fill out the form below or email us directly, and we’ll get back with you soon!
henry@midwaylegacypartners.com