Business Owner Interview: First 100 Days With Private Equity
NOV 12, 202021 MIN
Business Owner Interview: First 100 Days With Private Equity
NOV 12, 202021 MIN
Description
What really changes at a company after being acquired by an outside investor? The answer largely depends on the acquirer. We interviewed Matt O'Donnell, founder of North Shore Commercial Door, on his experience selling his business to private equity backed strategic Torsion Group Corp. Matt discusses the timing of the transaction, some of the emotions he dealt with throughout the negotiation process, trying to juggle running the business while negotiating the sale, and gives some advice for business owners contemplating a similar transaction. 1:50 - What made it the right time for Matt to sell his business?3:15 - What to look for in a strategic partner4:15 - Transitioning into his new role with Torsion Group Corp7:08 - What emotions did he deal with throughout the negotiation process?12:35 - His goals for the company and how partnering with a PE backed strategic will help serve those goals moving forward15:40 - His experience running the day-to-day operations of the company while being immersed in the M&A transaction process16:34 - Advice for business owners contemplating an exit and things he wish he'd known more about prior to entering into the negotiation processFor further discussion on the M&A process, please visit https://www.mcmcapital.com/private-equity-resource-guide-and-information/