After spending decades of running and growing his family's business New Enterprise Stone & Lime Company (NESL) to a billion-dollar enterprise, Jamie Van Buren steps down as COO to pursue a new challenge: Entrepreneurship through Acquisition (ETA). Jamie's decision to leave NESL eventually led to the family's successful exit in 2021.
Jamie Van Buren finds, acquires, and begins dramatically turning around PennStress, a precast and prestress concrete company.
Jamie's son, Brenden, starts working for PennStress and subsequently attends Carnegie Mellon University's Tepper Business School's full-time MBA program to grow as a business leader. It is here that Brenden begins learning and exploring search funds as a viable method for acquiring small privately held businesses via both strong mentorship and financing. This ultimately leads the Van Burens further down the path of EtA.
With a passion for ETA, Jamie, Brenden, and Brenden's classmate Gabriel Chick officially form Generational Transfer Entrepreneurs (GTE), a search fund accelerator providing a platform encompassing mentorship, funding, as well as systems and processes to help aspiring CEOs achieve entrepreneurship-through-acquisition.
After having acquired five businesses between 2017 and 2020, GTE strategically pivots away from its accelerator model to focus 100% of its efforts on investing and advising in traditional search funds as well as providing gap investment capital to both traditional and self-funded searchers alike.