4 Acquisitions, Engineering/Mfg. Firms in the EU & UK. Philip Jepson Top M&A Entrepreneurs
Jon talks to Philip Jepson about buying engineering firms in the EU & UK. Show Notes00:00 Intro02:52 What Philip was he doing before acquisitions07:11 How he found his first acquisition08:40 Ask for, Understanding the financial report cards12:14 Making an offer - and target losing biggest customer13:35 How did he finance the acquisition15:09 How he felt after deal was signed16:37 Post acquisition, what happens to the Employees21:21 the importance of Praising Your People22:52 Getting ideas and the employees Involved29:44 Losing the BIG customer - what to do32:49 CNC machines - bad luck35:50 Time to start looking for 2nd acquisition37:24 Credibility with brokers38:34 Hold Co Legal structure41:37 What drives Philip now - his WHY43:49 Asking about the strategic jigsaw puzzle plan48:15 His mentors - JT Fox49:58 Types of Books he likes to readLinkshttps://www.linkedin.com/in/philjepson/https://www.alliedglobalengineering.com/ Get full access to Mergers And Acquisitions Newsletter™ at mergersandacquisitionsnewsletter.substack.com/subscribe
30 Midas Franchise Acquisitions - Top M&A Entrepreneurs: Brian Beers
Jon talks to Brian Beers about his Midas Franchise AcquisitionsShow Notes00:00 Intro Now 3000:45 How he got into franchise business03:13 How he operates above the business04:38 What are the Average Sales of a Midas Franchise06:19 Salaries in a Midas Franchise06:49 What are Midas Franchise Fees?07:39 Do you own real estate?08:40 What is multiple of Midas Franchise?10:20 How to fix a money losing Franchise11:50 Why is it always the management12:04 What are economics of well run franchise 14:20 How does he finds a Midas Acquisition18:08 How does he finance and negotiate his acquisitions22:31 Does he have a growth acquisition goal - constraints25:00 Holding Co example Head Office Roles26:30 30 Midas Holding Co. Multiples 27:54 Working with his brother28:44 Board of Directors29:52 Any acquisitions outside Midas?32:58 Is the 10% franchise fee worth it?34:34 How do the Franchise Market Dev Funds work?35:09 What marketing works best for a Midas shop?37:40 What if the demographics change for Midas location?39:15 Any trends with EVs?44:28 What is hardest part to integrate a new Midas Acquisition - Culture46:46 Career path for managers?48:22 Does he like/dislike turnarounds - acquiring distressed franchises49:33 Can he add new products to Midas services - or Process Innovation Get full access to Mergers And Acquisitions Newsletter™ at mergersandacquisitionsnewsletter.substack.com/subscribe
Acquiring Accounting Practices - Patrick Dichter Top M&A Entrepreneurs
Jon talks to Patrick Dichter about Acquiring Accounting PracticesShow Notes00:00 Intro00:33 Call to Acquisition Adventure 04:45 Why Accounting Businesses?06:52 Accounting customers fall into 2 buckets09:45 How did he find the deal?12:19 Start your outreach somewhere13:19 Cold Email outreach results16:19 Financing in Place... plus SBA18:50 Seller reason for selling19:52 The SBA process 21:54 How is going with Revenue?22:18 bringing his digital marketing skills to accounting23:55 Did he have a CPA license24:32 Do you enjoy the work of accounting26:56 How was wife during this journey 28:00 how he structured the seller note30:03 W2s or Contract31:53 LOIs on 2 more accounting firms - one acquired Sept 15th, 2022 35:00 Paying for the next acquisition36:22 What is goal?40:10 What mentors masterminds does he go to?Linkshttps://www.linkedin.com/in/pdichter/https://www.appletreebusiness.com/FREE Stuff for Acquisition Entrepreneurs 📧: Sign up for The DealFlowSystem Newsletter - Get the FREE 1. Debt Stress Test Formula2. 100 LinkedIn Connection Request Swipe File3. 100 First Seller Meeting Questions 4. Paper Up NDA Non Circumvent 5. FREE access to direct mail leads https://www.dealflowsystem.net/newsletter Get full access to Mergers And Acquisitions Newsletter™ at mergersandacquisitionsnewsletter.substack.com/subscribe
10+ Acquisitions to CEO of $450 Million Public Company Top M&E Entrepreneur: Iggy Domagalski
Jon talks to Iggy Domagalski about his journey to CEO of $450 Million Market Cap Company that is over 165 Years old - 9 years older than Canada. Show Notes00:00 Intro to Iggy03:30 Meeting his mentor05:00 Buying 10 Companies 07:00 Off Market and On Market Deals - How he paid for them09:54 When to go to banks for capital13:11 Growing the business from $8M to $200M14:54 Working with his Obi Wan Kenobi/Mentor16:33 Selling the company 17:47 getting recruited as CEO of $400M / 100+ Year old company19:00 CEO assessment that surprised him22:32 Tuck ins 23:44 Hiring and Culture differences26:10 Chasing shiny objects with out mission statement29:28 How does "trust" translate to actions?35:57 Bigger deals - deal source origination36:34 Acquired 3 deals since starting as CEO40:36 Does he still get involved with acquisitions41:35 Does he like running a public company43:00 The Board - Nose in fingers out43:52 What is goal Linkshttps://www.linkedin.com/in/iggydomagalski/https://www.wajax.com/ Get full access to Mergers And Acquisitions Newsletter™ at mergersandacquisitionsnewsletter.substack.com/subscribe
Blue Collar Serial Acquisition Millionaire - Don Wilson - How he did start small to millionaire
Jon talks to Don Wilson, how he went from US Navy to a Blue Collar Serial Acquisition Millionaire Notes00:00 Intro his Navy Experience 05:38 How he found his first acquisition - Candy Man08:08 Multiple on retail Candy Store - loosing money?10:00 Buying the 2nd candy store10:31 Opened a restaurant - Salad Days - made $0 money11:53 Making more money with Candy15:45 Buying Billy Sims BBQ franchises - growing to 5 locations $3M in rev24:33 Trying to get rid of the candy stores30:10 Restaurant Consolidation - closing down the losers33:09 Wife Diagnosed with Cancer33:33 the NEXT acquisition - a gas station convenience store doing $1.2 Million37:41 Buying a Remodeling company making $400k a year off $1m in revenue38:38 Seller only wanted $400k for Top 10 Reasons Sell41:16 100% acquisition financing from SBA - because...47:47 Selling. Retiring a Millionaire. 53:09 Word to the wise: don't change nothingFREE Stuff for Acquisition Entrepreneurs 📧: Sign up for The DealFlowSystem Newsletter - Get the FREE 1. Debt Stress Test Formula2. 100 LinkedIn Connection Request Swipe File3. 100 First Seller Meeting Questions 4. Paper Up NDA Non Circumvent 5. FREE access to direct mail leads https://www.dealflowsystem.net/newsletter Get full access to Mergers And Acquisitions Newsletter™ at mergersandacquisitionsnewsletter.substack.com/subscribe