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We are a family business. Mr. Anthony L. Chirchirillo founded Chirch II, LLC (Chirch II) subsequent to the profitable sale of several of his Wisconsin-based business holdings. At an early age, he was blessed -- and fortunate -- to achieve significant business accomplishments, experience and financial resources. However, he realized that personal business accolades and monetary wealth are not the true measures of success. He believes that our mission in life is to teach, mentor and pave the way for those who follow. Since the inception of time, and among all cultures, great leaders have understood their fundamental responsibility to the next generation. Chirch II is our family's mechanism for leading our next generation towards success in the business world. We carefully select family-owned and privately held businesses for investment of our time, talent and financial resources.
It is estimated that family-owned and privately held businesses generate half of the USA's gross domestic product and employ half the workforce. Unfortunately, most of these entities do not make a successful transition to benefit the next generation of owners, employees and other stakeholders. The sacrifice, hard work and commitment that built profitable economic engines disappear, lives are disrupted, and good paying jobs are lost forever. Clearly, the global economy is accelerating the churning of these businesses and attacking our standard of living. The world is not changing -- it has changed -- and a failure to recognize this reality will increasingly result in another reality -- business failure.
Our mission of "investing in the next generation" has a dual meaning and purpose. As we pursue our journey to mentor the next generation of our family towards success in business, we will focus our time and resources on those companies that are also concerned about their organization's next generation of stakeholders.
Who
are the next generation of stakeholders in a business? Certainly, it is
the next generation of ownership. In a family-owned business, this group
would include the offspring of a company's founder/owner or perhaps family
members of later generations. In a privately held business, it would apply
to those reliant upon the company as the economic engine in the future.
Without question, it includes the employees, their dependents and others
who have a vested interest in the preservation, growth and future profitability
of the business.
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