From HoldCo GM to Exit Advisor: How to Maximize Value in an M&A Transaction
Episode description
🚀 Get My Free Book! 📖 How to Buy Your First Million Dollar Business
In this video, Damon Pistulka talks about how he went from being a Investor HoldCo GM to an Exit Advisor. He shares what to specifically focus on how the exit advisor can help maximize value for the shareholders of the company.
SHOW NOTES:
00:00 Intro Damon Pistulka
00:30 How he got started in M&A - working for PwC & finding "it"
06:33 What learned about acquisitions when the company he worked for was acquired
11:20 Copying Micheal Dell's JIT strategy
12:20 Buying an acquisition based valuing on underperforming assets
15:54 The Better you set up your company for acquisitions, the more you can pay
16:57 Done working for someone else - the distasteful work of laying people off
20:20 Why not become a business broker - sobering message if you wait at the end
25:54 If you are burned out - Just close it down and liquidate your assets
31:45 His first exit client success story - good bones but loaded with $8 million in debt
35:10 What seller had to do to pay down debt
39:45 Working backwards - goals to KPI's
40:32 How Damon, Exit advisors, gets paid
41:55 Finding more clients with gas in their tank
44:00 How many deals does an Exit advisor need to be working on
45:32 With your EXIT clients Do you recommend firing people?
47:03 Fastest Exit - anyone tells you can sell your business in 6 months is full of...
49:57 How do you help CEOs with mindset?
51:16 Oddest thing Damon saw holding CEO's back from growth - Trust the process
54:04 Cobbler does not have best shoes.
55:01 How to grow your business: share everything we know
LINKS
https://www.linkedin.com/in/damonpistulka/
https://exityourway.us/