While independence is essential to every entrepreneurial venture, strong relationships provide a vital ingredient to performance and growth. Our connections enable success and our success takes root in new opportunities.
Since it's inception in 2003, Essex River Ventures has closed eighteen separate transactions worth approximately $250 million. These deals consisted of thirteen acquisitions and five sales. The sales, which occurred over eighteen months commencing in September 2005, harvested a weighted average equity IRR of approximately 32% on over $25 million of invested equity.
Essex River often forms joint ventures with the same equity investors and lenders. With the exception of its first acquisition, every transaction represented repeat business with either one of the investors or one of the lenders. Our relationships contribute to our track record which, in turn, cultivate our reputation. Our long term relationships are deeply rooted in our integrity, skill and performance.