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Local entrepreneur wraps up 'search fund' process with purchase of Chesterfield IT firm

When Nick Akers set out to buy a business in late 2021, his search process had a 24-month timeline attached to it. He figured he wouldn’t need that much time, hearing that those in a similar situation typically are successful around the year and a half mark.

“That’s exactly how mine panned out,” Akers said.

Akers in May wrapped up his acquisition search, closing on a purchase of Chesterfield-based IT managed services provider STL Communications Inc. Financial terms of the deal were not disclosed.

https://www.bizjournals.com/stlouis/inno/stories/news/2023/06/07/nick-akers-stl-communications-search-fund.htmlOpen linkView original on midwest.social
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Local entrepreneur wraps up 'search fund' process with purchase of Chesterfield IT firm | Spyke