With years of experience as a Chief Financial Officer and a recent step into entrepreneurship, Doug Stevenson of Bowdoinham, Maine, is a very well-rounded business professional. He has managed everything from the finances of a large company in the service industry to his own private equity firm.
Doug Stevenson loves building teams and watching them perform while improving his skills in executive leadership. After nearly a decade as the CFO and Co-President of Modern Pest Services, a pest control company serving most of New England, he stepped away to pursue a new interest: real estate.
While Doug Stevenson is working in the real estate sphere, he didn’t choose to go the traditional route of a realtor or property investor. Instead, he chose to hone in on his financial acumen and his previously demonstrated success at handling business finances. In 2019, he founded Chickadee Equity, LLC, his own private equity firm. Since then, he has been building his reputation and client base through strategic partnerships with local real estate brokers and through word-of-mouth referrals. However, with the success he has enjoyed thus far, he is anticipating putting more time and effort into marketing to a wider audience in the near future.
As a private equity investor in Bowdoinham, Maine, Doug Stevenson helps to support local real estate investors, providing the financing they need to secure deals and revitalize properties. While traditional bank loans can come with complicated regulations and minimal flexibility, investors who work with private equity lenders can help borrowers secure short-term financing they wouldn’t qualify for from a bank. These types of loans are typically much faster to secure as well, as private lenders don’t have to go through as extensive of an approval process. For Doug, this means he must be strategic about the deals he chooses to invest in. Private money loans typically rely more on the perceived value of the deal, so Doug has become well-versed in evaluating properties and partnering with investors he trusts to bring a return through either resale or rental income.
Running Chickadee Equity and working in real estate investing has provided Doug Stevenson with new challenges and lessons after his years spent in an executive leadership role with Modern Pest Solutions. As one of the top 50 largest pest management firms in the United States, Doug had learned to manage a large team and juggle multiple projects. He has enjoyed getting to explore a new side of business management and working with smaller teams.
Visit dougstevensonbowdoinhammaine.com and dougstevensonbowdoinhammaine.net to learn more about Doug Stevenson and his career in Bowdoinham, Maine.
