Cold Bore Capital and Owners in Honor Announce Strategic Partnership to Empower Veteran Entrepreneurs
July 18 2024 - 11:00AM
Business Wire
Cold Bore Capital (CBC) is proud to announce a strategic
partnership with Owners in Honor (OIH), a non-profit organization
dedicated to supporting U.S. Armed Forces Veterans in their
transition to civilian life through business ownership and
entrepreneurship. This partnership aims to facilitate the
successful acquisition and management of small businesses by
Veterans, leveraging CBC’s expertise and resources to foster growth
and operational excellence.
Mission Alignment
The partnership between CBC and OIH is rooted in a shared
commitment to honor and support Veterans. OIH’s mission to enable
Veterans through educational and technical assistance programs
aligns seamlessly with CBC’s focus on leveraging the leadership and
execution skills of high-performing veterans to drive operational
value creation and community impact.
Grant and Support Details
As part of this collaboration, CBC will provide significant
financial and in-kind contributions to OIH’s programs,
including:
- Financial Grant: A donation to support OIH’s Entrepreneurship
Readiness and Entrepreneurship Through Acquisition programs.
- In-Kind Services: Provision of M&A advising and consulting
services to enhance OIH’s educational programs.
- Facilities Access: Use of CBC’s Chicago headquarters for
in-person training events and meetings at no cost.
Strategic Benefits
This partnership will enable OIH to extend its reach and impact
by:
- Identifying and Preparing Veteran Buyers: Utilizing a network
of brokers, CPAs, and wealth advisors to match Veterans with
suitable business opportunities.
- Providing Financial Assistance: Offering low-interest loans for
gap financing and facilitating SBA loan applications.
- Delivering Comprehensive Training: Equipping Veterans with the
knowledge and skills needed for successful business ownership
through tailored training programs and advisory services.
Leadership Quotes
“We are honored to partner with Owners in Honor to support our
Veterans in their entrepreneurial journeys,” said Sergio Zepeda,
Managing Partner at Cold Bore Capital. “This partnership reflects
our commitment to operational excellence and community service, and
we look forward to contributing to the success of Veteran-owned
businesses.”
Patrick Flood, Founder and CEO of Owners in Honor, added, “The
support from Cold Bore Capital is invaluable in advancing our
mission. Their expertise and resources will significantly enhance
our ability to empower Veterans and ensure the continuity of small
businesses across the country.”
About Cold Bore Capital
Established in 2017, Cold Bore Capital is a private equity firm
based in Chicago, founded and led by Veterans. With a focus on
operational value creation, CBC invests in lower middle market
businesses, driving efficiency and growth through a unique blend of
military precision and business acumen.
About Owners in Honor
Owners in Honor is a Texas-based, non-profit organization
dedicated to enabling Veterans of the U.S. Armed Forces to
transition into civilian life through business ownership and
entrepreneurship. OIH provides comprehensive support, including
educational programs, financial assistance, and advisory services,
to empower Veterans and sustain the legacy of American small
businesses.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240718778965/en/
Genine Fallon Strategic Communications and Marketing Cold Bore
Capital g9@coldborecapital.com 513-236-4839
Lisa Bernfeld Kip Morrison + Associates lisa@kipmorrison.com
310-592-8423