Punching Out – Putting Together the Deal Team
When preparing to sell, remember the old saying, “He who represents himself has a fool for a client.” While many owners might be tempted to go it alone, in my experience it pays to have a deal team to help prepare a company (and the owner) for a sale. A typical deal team would consist... Read More →
Punching Out – The Additive Process: Tips on How to Buy a Board Shop or Assembly House
One of the quickest ways to grow a business is to acquire another business. At the same time, acquiring a business can be risky, and a really bad deal may put your original business in jeopardy. Here are some tips on how to make acquisitions. First Layer: Planning It is important to decide if making... Read More →
Punching Out! Your Baby’s Ugly, Now Get Over it – How to Work with Buyers
Here’s a scenario: An owner has gone to market and is starting to get feedback from buyers, and shockingly, not everyone appreciates the hard work and achievements that went into the business. Buyers may not understand the business, or they may be trying to position things for a low offer. In any case, it is... Read More →
Catching up with…Tom Kastner
When is the right time to sell your board house? Who is going to buy it? What is a buyer looking for in a PCB fabrication business? These are questions I hear all the time particularly in the past few months as many owners are reaching an age when they are thinking about retirement. So... Read More →
Punching Out! What the Heck is Adjusted EBITDA?
If you are looking to sell or buy a business, you will most likely come across the term ‘adjusted EBITDA.’ Other common terms are adjusted cash flow, owner’s discretionary earnings, earnings after add-backs, etc. What do these terms mean, and why are they important? EBITDA is an acronym for earnings before interest, taxes (on income),... Read More →