Peter Demangos has started two businesses in the Human Resources sector. One was a bootstrapped insurance brokerage where they sold employee benefits programs to large clients. The other was an HR software company called Collage, where Demangos and his co-founders raised $3.5 million of investment capital and sold three years later for $15 million. Given that [...]
“Lee Gregory, owner of Sir Lines-A-Lot, did many things correctly when he went to sell his business," states Sam Thompson a Minneapolis business broker and the president of M&A firm Transitions In Business. "One was he brought in a general manager to run his business. Unfortunately, he could have done a better job in pre-due diligence. [...]
“Debbie King, owner of Association Analytics, was devastated to learn from an M&A advisor that her business was not sellable. She then proceeded to recreate her business model and was able to sell her business. Debbie sold the benefits of a product model instead of a service model,” shares Sam Thompson a Minneapolis business broker and [...]
“Josh Davis, owner of a marketing agency called Spirit of Women, was days away from closing on the sale of his business," shares Sam Thompson, a Minneapolis business broker and the president of M&A firm Transitions In Business. "During the process he knew something wasn’t right about the transaction. He didn’t trust the buyers plus they [...]
In this Marvin L. Storm Business Exit Stories podcast you will hear insightful tips about selling businesses stemming from business intermediary Sam Thompson's years of M&A experience. Listen as he shares: How a $35,000 decision ended up costing a business owner $2,000,000 in cold hard cash at closing. Customer concentration cost a seller a $7,000,000 deal [...]
“This interview with David Lekach, owner of Dream Water, takes us though a well thought out marketing plan that eventually created tremendous value for his company," states Sam Thompson, a Minneapolis business broker and the president of M&A firm Transitions In Business. "He shares his frustration with how the process of selling your business is never [...]
“David Amigo sold his modular home business to a buyer he trusted and eventually remained friends with. This interview shares how important it is for the buyer and seller to like each other," explains Sam Thompson, a Minneapolis business broker and the president of Transitions in Business. "There are always going to be hiccups during the [...]
“Fascinating story about a business owner named Ana Chaud who boldly grew her Garden Bar restaurant from one small location to 10," shares Sam Thompson, a Minneapolis business broker and president of M&A firm Transitions In Business. "Great insight into how she raised money to scale her business. Ana explains what she would have done differently [...]
“This is an excellent example of how a founder brought in a CEO to take his business to the next level," states Sam Thompson, a Minneapolis business broker and president of M&A firm Transitions In Business. "This story also explains the most important thing a M&A advisor does in representing you” When we discover a vaccine [...]
“Michael Spinosa and Scott Greenwall built a successful digital marketing agency named Unleashed that drew the attention of a private equity group called LINC partners," shares Sam Thompson a Minneapolis business broker and the president of Transitions In Business. "Their story includes selling their business to LINC Partners for much more than they had anticipated with [...]
