The answer for your succession.


Bells and Bear is a closely-held private investment vehicle created to identify, acquire, and operate a single business. It is led by Poga Ahn—a West Point graduate, former US Army officer, corporate general manager, P&L owner, cross-functional program manager, and Berkeley MBA.

With a diverse investor base having knowledge across a wide cross-section of geographies and industries, Bells and Bear intends to leverage its collective experience to assure the stability and future growth of the acquired business. Poga is not only leading the acquisition—he will continue on to assume management responsibilities in the acquired company to run it for the years to come.

Bells and Bear is a liquidity solution for a business owner seeking to move on to another role within the organization or from the organization altogether. We will work closely with business owners to assure a smooth management transition and to accommodate any personal or business-related particulars.  You may also choose to retain a small or significant portion of your equity to share in the organization's future success.




  • An owner/manager seeking to transition into a different role within the organization or out of the organization altogether

  • Respected middle management

  • Robust client and supplier relationships

  • Employee longevity


  • Currently profitable

  • Stable or growing trajectory

  • Revenues of roughly $5 to 75 million ($2M-40M if gross margins are ~40%+)

  • Recurring revenues

  • Quality and diverse customer base



  • Healthy growth trajectory

  • Highly fragmented

  • Preferably B2B (B2C not excluded)

  • Low inherent capital expenditure

  • Low threat of technological obsolescence



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Bells and Bear is seeking one acquisition, upon which the search will cease and the fund’s managing director will transition to management in the acquisition.  This means a fully committed process with the flexibility to create a truly one-on-one solution for an exit.

defined exit strategy

We seek an owner or owners that are seeking to transition within the organization or out of the organization altogether.  How this manifests is flexible.  You may stick around actively or in an advisory capacity.  You may also choose to retain a sizable component of equity to participate in future success.


A business is living, breathing entity tied to the prospects and livelihoods of countless individuals from customers to vendors to employees and everyone in-between.  We work with you to ensure confidentiality throughout the process, without exception.

human focused

Bells and Bear carries with it extensive operational experience.  We believe the core of any organization arises chiefly from its ability to bring out the very best in each team member regardless of title or seniority.  We will bring this mindset to the transaction and operation of your business.

LONG TERM legacy

There is no defined “exit” timeline like you may find in a private equity fund. Bells and Bear is in it for the long haul right alongside your organization and everyone inside of it.  Our focus is to grow and extend what has already been built while protecting the existing identity of the business.





Poga Ahn is an operator committed to driving organizations through prudent leadership. He most recently managed a company-wide cross-functional program to replace the existing e-commerce platform at the web services company, GoDaddy. Prior to this, Poga executed general management duties for a private-equity owned commercial construction and infrastructure firm. Here he was responsible for the Pacific Northwest division stewarding a profit and loss statement of over $17 million thru leading sales, product, operations, finances, and people. Poga began his career as a commissioned officer in the US Army, attaining the rank of Captain while performing duties as a Patriot Battery Commander managing over $140 million in ballistic missile defense equipment. He held varying other duty positions while in the military ranging in scope from strategy and operations to supply chain and logistician.


M.B.A., University of California-Berkeley, Haas School of Business, Berkeley, California

B.S., Systems Engineering, United States Military Academy, West Point, New York

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partners and investors

Bells and Bear maintains a cohort of fifteen carefully selected limited partners (investors). Each partner has already invested considerable time and capital into the fund. They stand ready to deploy capital in conjunction with Bells and Bear to acquire the right company and to continue to impart their wisdom after the acquisition. This group represents some of the most experienced investors and operators in the lower middle-market private equity segment with diverse industry experience honed over decades of success in acquiring and growing enterprises across the nation. Poga sought out these partners not only for their capability to commit significant capital, but also for their depth of knowledge that is complementary to him and to others in the investor group.

selected partners


(703) 829-5888

PO Box 132

Ashburn, Virginia 20146


44715 Prentice Drive, #132

Ashburn, Virginia 20146

© Copyright 2020

Bells and Bear LLC

A Delaware Limited Liability Corporation

All Rights Reserved

(703) 829-5888

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