While Bill Alderman is best known for selling companies in the Aerospace & Defense industry, we do not plan to sell our business. Schatz Bearing is a second-generation family business and our plan is to have Schatz become a third-generation business someday. While we are not sellers, we use Bill for the same reason that sellers do—because Bill has tremendous practical knowledge about what does and does not create long-term value in this industry. Because we are very closely owned, we have made the decision that having an outside independent advisor like Bill is extremely helpful to us, so we don’t become insular and so we continue to focus on critical business factors that can dramatically impact us over the long-term. Bill’s advice to us is not based on ephemeral theories or vague concepts. His advice is based on 20-plus years of experience selling companies just like ours. Bill has shared with us many stories about what has enabled his clients to sell for very high prices and what has caused other clients to be forced to sell their businesses through bankruptcies. While I may challenge and even disagree with Bill at times, I always find his advice to be expertly delivered and highly relevant to the key issues that are critical to the long-term health of Schatz Bearing. Over the years, Bill has worked with all of the members of my senior leadership team, on issues ranging from accounting and budgeting, finance, organizational design, compensation, supply chain management, strategic planning, and operations. Bill is a pleasure to work with and a highly trusted advisor.”