A different approach to consolidation – Inside the Alliance Markets & Vending model

What if a convenience services operator could take some money off the table, retain a meaningful ownership stake in a larger organization and continue building the local company they spent years creating? That is the model behind Alliance Markets & Vending.

In this episode of Automatic Merchandiser's Vending & OCS Nation, Bob Tullio talks with Gregg Meheriuk, CEO of Alliance Markets & Vending, about a founder-focused approach to consolidation that offers independent operators something different from a traditional exit.

Backed by Shore Capital, Alliance acquires strong independent convenience services companies while allowing many founders to remain active in the business and invest a portion of their proceeds into the larger Alliance platform. The local company name and customer relationships can remain intact, while operators gain access to resources that are often difficult for an independent company to build on its own.

Gregg explains how scale can create advantages in purchasing, technology, HR, finance, sales support and operational expertise. Alliance operators also have the opportunity to exchange ideas and best practices with other successful operators inside the organization.

The conversation also addresses one of the biggest questions facing longtime operators: What happens if I want liquidity, but I'm not ready to retire?

Gregg describes how founders who want to remain involved can reinvest part of the proceeds from the sale into Alliance, giving them the opportunity to participate in the future growth and value of the overall platform.

Alliance is also showing early momentum. Gregg says the company is performing well ahead of its aggressive budget and exceeding his expectations.

For operators considering succession, an eventual sale or simply a way to accelerate growth, this episode offers a look at an emerging alternative - selling the business without necessarily saying goodbye to the business.