Cashing in Chips for Growth: Liquidity Without Letting Go
Presented By: Footprint Capital / GBQ Partners LLC
Not every deal means a full exit. This session explores how owners are leveraging partial liquidity events to take chips off the table while doubling down on future growth. From minority recaps to strategic investments, we’ll break down how these transactions work, what makes them successful, and how they unlock capital to scale the business—without giving up control. Hear firsthand from executives and investors who have used these strategies to fuel expansion, align incentives, and create long-term value.
Moderator:
Managing Director, Valuation Services
GBQ Capital Advisors
Kelly Noll is a Chartered Financial Analyst and Managing Director at GBQ Capital Advisors. After graduating from Ohio University, she began her career in banking and pivoted to business valuation nearly 20 years ago. She loves helping clients understand the valuation process and seeing them succeed in increasing their business value.
Panelists:
Managing Partner
Footprint Capital
Josh works with business leaders on ownership transactions and liquidity events, including sell-side and buy-side engagements and transactions, such as management buyouts, succession and exit planning, ESOP formations, capital sourcing and leveraged recaps. Prior to leading Footprint Capital, Josh was vice president at Insource Spend Management Group. He led Insource through two synergistic acquisitions and ultimately, its sale.