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Hard but Fun: Transitioning a 77-Year-Old Business
Published 2 years, 9 months ago
Description
Darryl Lindie did a geo-constrained search in Rhode Island to acquire a sign business with $650k of SDE & 25 employees.
Topics in Darryl’s interview:
- His background in the Navy
- How getting an MBA might slow you down
- Searching in a small geographic radius
- Buying a signage company
- Valuing a business with a lot of cash transactions
- Getting comfortable with project-based revenue
- Mistakes in due diligence
- Improving the culture in 100 days
- Hiring a supplier to be his GM
- Raising a fund for New Majority Capital
References and how to contact Darryl:
- darryl@newmajoritycapital.com
- New Majority Capital
- Why Should White Guys Have All the Fun?: How Reginald Lewis Created a Billion-Dollar Business Empire
- The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success
Get a complementary pre-acquisition HR & PEO review for your target business:
- Contact mark@aspenhr.com or visit Aspen HR
Get complimentary due diligence on your acquisition's insurance & benefits program:
Connect with Acquiring Minds:
- See past + future interviews on the YouTube channel
- Connect with host Will Smith on LinkedIn
- Follow Will on Twitter