For $20, I bought a multi-million dollar distressed Business: Buying turnarounds w John Raymond
For $20, I bought a multi-million dollar distressed Business: Buying turnarounds w John Raymond
Summary
In this conversation, John Raymond shares his experiences with buying turnaround acquisitions, specifically focusing on acquiring distressed companies.
He discusses his background in helping Small Businesses with government grants and contracts and how he transitioned into the world of private equity. John shares his journey of working with various partners and the challenges he faced along the way. He also talks about the importance of due diligence when evaluating business listings and shares his experience in acquiring a trucking company. The conversation covers the acquisition of a trucking company and a furniture store, as well as the challenges and Stress of turnarounds.
Takeaways
There are various strategies for creating wealth through M&A, including rolling up profitable companies, acquiring companies with operational excellence, and acquiring distressed companies for their asset value.
Identifying opportunities and acquiring distressed companies requires thorough research and due diligence to ensure the potential for turnaround and profitability.
Working with partners in M&A deals can be challenging, and it is important to carefully evaluate their capabilities and track record before entering into partnerships.
When evaluating business listings, it is crucial to scrutinize the financials and performance of the company to determine its true value and potential for Growth.
Acquiring and managing a trucking company requires careful planning, understanding of the industry, and effective management of assets and operations. Acquiring a company involves evaluating its value, negotiating terms, and securing investment capital.
Turnarounds require addressing issues, implementing systems, and managing stress.
Successful acquisitions can lead to expansion and increased profitability.
Chapters
00:00 Introduction to M&A Strategies
02:53 Identifying Opportunities and Acquiring Distressed Companies
05:53 Learning from Past Experiences and Seeking Partnerships
11:08 Dealing with Unreliable Partners and Evaluating Business Listings
29:56 Negotiating the Purchase of a Trucking Company
33:21 Acquiring a Trucking Company
41:59 Acquiring a Furniture Store
57:20 Challenges and Stress of Turnarounds
