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We believe that the best way to achieve success for both our holding company and our portfolio companies is to seek out businesses with high growth potential, to share our substantial business resources with them and to give them the freedom to manage their daily operations. Although our management team remains closely involved in areas such as business strategy, finance and development, we believe that good managers should be given the authority to manage their businesses.
While we prefer to work with existing management, we have successfully completed transactions in which a management transition has been deemed beneficial. In all situations, however, Signet Enterprises shares the financial rewards of success with management. We believe it is important for our operating managers to have a meaningful equity interest. This approach aligns incentives and provides management the opportunity to share in the value that is created.
At Signet Enterprises, we are committed to improving our companies through disciplined, consistent investment in such areas as capital expenditures, product development, training, marketing and strategic acquisitions.
We also understand that each acquisition opportunity is unique and involves many non-financial issues, including employee concerns, customer relations and supplier relations. These matters are taken very seriously when evaluating investment opportunities.
In the area of real estate development, Signet Development has achieved success by becoming a highly regarded innovator in structuring creative approaches to projects. We take pride in our record of creating financial solutions to projects others may find too difficult or challenging. And we make those projects work for all parties involved. In addition to creating innovative financial structures, Signet Development provides comprehensive services by coordinating project management, structuring, construction and asset management.
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