How a $406M PE Firm Works  with Jason Neimark of New Water Capital - podcast episode cover

How a $406M PE Firm Works with Jason Neimark of New Water Capital

May 08, 202351 minSeason 1Ep. 107
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Episode description

🚀 Get My Free Book! 📖 How to Buy Your First Million Dollar Business


SHOW NOTES:
00:00 Intro to Jason
01:00 How he started 
02:40 Raising $406M Capital to Acquire
05:27 Tell us the story of the Trillium Healthcare acquisition
06:36  Types of companies you acquire and why
08:58  Why did you buy a company where 88% of revenue came from one customer?
12:40  Do you replace management?
15:09  How long do you give yourself to improve measurables?
16:10  what do offers look like - cap stack?
12:58  How fast do you move on acquisitions?
19:16  Are you competing with other buyers?
20:06  How long do you keep the companies in your portfolio?
21:14  Do you employ and investment banker to help you sell the companies?
22:13  How do you choose an investment banker?
24:09  Do you care where/who its sold to?
25:43   What is a ReTrade?
27:56  What is volume of communication you have with Investors?
29:56   Any companies, you try to fix/improve,  that did not work out? 
32:09  What attracts you to Food companies?
34:39  What life stage was the Food acquisition in?
38:01  What do you do with a product line that is not making money?
38:25  That company that is over 120 years old sounds like buy and hold,  how does that fit in a PE?
39:48  Who do you go to for advice, mentorship?
42:08  Skip level interviews - what are they?
43:49  Customer is always right to...take care of your people
44:20  what is some of the best advice you received
45:44  What would you can a "Win"?
47:08  If you find a great operator do you hire him away for other companies?
48:14   What is next for you,  working until you are 99 years old?
49:29  How many acquisitions do you have planned for the year?
49:39  What does deal flow look like for you?



How a $406M PE Firm Works with Jason Neimark of New Water Capital | Top M&A Entrepreneurs podcast - Listen or read transcript on Metacast