Hard but Fun: Transitioning a 77-Year-Old Business

2023-12-07

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 NavyHow getting an MBA might slow you downSearching in a small geographic radiusBuying a signage companyValuing a business with a lot of cash transactionsGetting comfortable with project-based revenueMistakes in due diligenceImproving the culture in 100 daysHiring a supplier to be his GMRaising a fund for New Majority Ca...

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:

LinkedIn
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

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