Chris Warden is the Co-Fuonder of Fox Powers. Fox Powers is an innovative M&A firm that helps small and medium-sized businesses sell to private equity groups. Traditional M&A firms have a poor model. They charge large up front retainers and rarely close deals. Fox Powers works with no retainer, on a limited 90 day timeframe. This means they only take on clients who they know they can sell, and sell quickly. After years working in the M&A space, they grew tired of seeing so few successful exits for owners. So Fox Powers fixed it.
BusinessInterviews.com: Chris, Fox Powers works on a performance basis, not a retainer basis. This is unheard of in the M&A industry. Talk about why you operate this way?
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