| On Tuesday March 18th, Tulsa Executive Association (TEA) Members learned from two Members, Ken Preaus, Preaus Landscape SavaTree, and Matt Frye, IBG/Bluestem. Ken has been a member of TEA since 2001 and holds the classification of Tree Service. Matt joined TEA in 2019 and holds the classification of Business Advisor & Broker. Ken and Matt have been friends for approximately 50 years as they both grew up in the same church.
Matt had the privilege of advising Ken and his brother Bill in their 2022 recapitalization and sale to SavaTree, a national, private equity owned roll-up of leading Arborists. The Preaus brothers opened Preaus Landscaping in 1979 with a single tree removal contract with the City of Tulsa. Matt and Ken covered many aspects of business mergers, including tips to prepare for a business sale as much as 10 years in advance. Ken also shared comments from himself and Alan Roark, Honorary Member, on what they would have done differently to improve the value of their business as well as items to consider post-transaction. Thank you to Ken and Matt for sharing with TEA. |
