Given the constraints of the present world credit markets, and ever-changing economic factors that affect both the public and private sectors today, many companies find it difficult to raise funds for necessary restructuring or expansion.
Michigan-based Amerivest Group, whose professional associates and management team have nearly three decades experience in working with entities in a diverse range of industries, approached the issue by adding equity services to its Turnkey Solutions.
"Understanding this potential roadblock for fine companies with otherwise great products, services, management and business plans, we have put our clients on notice, in a way," says Amerivest Group founder and CEO Brian Palmer, who possesses executive-level experience and accomplishments in real estate development, construction management, manufacturing, emerging technologies, venture capital formation and related financing.
"We have embraced a private equity capital capability that will only be employed for Amerivest's own clients, and future partners. However, we ask our clients to prove that their organizations can successfully deploy fresh capital to benefit all parties. Then, our job is to help deliver that needed capital."
Private equity solutions. In accessing sources of capital, Amerivest Group leverages many significant private sector relationships and banking relationships. These include private equity sources "beyond the bounds" of Wall Street that are seeking long-term candidates for the deployment of private equity.
Such private equity sources, Palmer explains, are looking for entities that have the vision and financial tenacity to compete in an ever-changing world; ones that are determined to achieve their organizational objectives while providing due consideration for ethical and socially responsible goals.
At the same time, private equity has interest in and the ability to study special situations and opportunities—and move quickly, when indicated. Industry sectors that are positioned well to benefit from the flexible nature of private equity include health care applications, commodity companies, energy technologies and other natural resource-based companies, and emerging software-based technology, Palmer adds.
"In support of our private entities initiative, Amerivest Group is also looking to launch strategic funds, organized under our Amerivest Limited Partnership division, designed, in particular, to target high-growth emerging technology companies," adds Palmer, who is also active in philanthropic and civic affairs, both nationally and in Michigan, where he served in the State House of Representatives (36th District) from 2002 to 2008.
In the Michigan House of Representatives, Palmer was Majority Whip from 2002-2006. He also served as the Chairman of the Education Committee for four years, and was a ranking majority member of the House Commerce and Tax Policy committees.
Palmer is also the founder and president of the Blessed Virgin Mary Foundation (BVM Foundation), a Michigan 501c3 nonprofit group, founded in 1995 to provide charitable services, including in education.
For more information about the Amerivest Group and its Private Equity programs under the direction of Brian Palmer, please visit http://www.amerivestllc.com/.