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How to Buy a $800k Clinical Trials Firm & Grow It to $3m
Published 5 years, 4 months ago
Description
How former management consultant Scott Whitt acquired and grew a small clinical trials business into the millions.
Key points from Scott's acquisition:
- Triad was generating $850k in revenues & large 70% margins
- Scott acquired it in 2015 for 3.5x earnings
- Used ROBS for part of the acquisition financing
- Grew revenues to $3m in 5 years
- Predicts business can grow to $6-7m
Reach Scott Whitt:
- scott_whitt@outlook.com
- His acquisition, Triad Clinical Trials
Official episode page & full show notes at AcquiringMinds.co: