Coral Meadow was founded with the purpose of
Searching for one business to acquire and operate
with a long-term focus on growth.
Mission & Principles
Coral Meadow was founded with the purpose of purchasing a single business to own and operate as a family business for the long term.
My intention is to provide an option for a business owner to transition out of their business in a way that appropriately recognizes the value they have created, preserves the legacy they have built, and provides security that their employees and business will be looked after by a capable, caring steward.
What to expect if you work with me
• Integrity, transparency, and respect for business owners and critical stakeholders
• Fast, straightforward, and clear communication
• Reasonable and fair prices based on business profitability
• Energy and enthusiasm for hard work, learning, leadership, and entrepreneurship
Story
Before launching Coral Meadow, I worked across a spectrum of company sizes and roles, holding positions with responsibility for strategy, sales, operations, and finance.
I started my career at Boston Consulting Group supporting corporations with strategic and operational initiatives. After BCG, I worked as a Sales Manager at SunEdison, where I provided customized renewable energy solutions to commercial and public sector customers. I have spent the past 3 years in Tokyo near my wife’s family where our daughter was born and where I have overseen investment and operations for a renewable energy asset management firm.
I hold an MBA with Distinction from Harvard Business School and a Bachelor’s Degree in Chemistry with Honors from Princeton University where I was a national champion rower.
I was raised in a small town in Connecticut by two doctors - both owner/operators in private practice - who I admired for providing a critical service to their community through trustworthy care and sustainable employment. My wife’s family grew a business in Japan over generations. Observing these role models has given me an understanding for the unique relationship an owner has with the company he or she built, and I have always strived to similarly run a business that sustainably provides for customers and employees.
My professional, academic, and personal experiences have allowed me to learn the broad range of skills to lead and grow a business and team.
Barrett Lachance
Founding member
Approach
An ideal business would meet the following criteria:
Size
Businesses up to $3m in annual profit, including owner salary
Performance
Stable profitability and consistent margins tested by time and market cycles
Culture
Strong and loyal team that has built longstanding customer trust
Owner
Founder or long-time owner ready to retire or transition away from business
Every business and industry is unique, and I welcome conversations with any business owner contemplating transition to new ownership.
Get in touch
If you are a business owner or represent a company considering options to transition ownership, please reach out.
I welcome the opportunity to learn more about you and the company you have built.
Barrett@CoralMeadow.com
301-852-1421