How a First-Timer Did a Turnaround (Including an Exit)
Acquiring Minds
English - February 26, 2024 08:00 - 1 hour - 177 MB - ★★★★★ - 168 ratingsEntrepreneurship Business Investing entrepreneurship entrepreneur online business smb acquire acquisition Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Saying No to Home Services, Yes to B2B Media
Next Episode: The Front Lines of a Crisis
Ben Rizzo bought an unprofitable, 4th-generation elevator business then stabilized, doubled, and sold it within 2 years.
Topics in Ben’s interview:
His wife-funded search in PittsburghSourcing deals through lawyers and accountants vs brokersAcquiring an elevator repair business in distressQuickly making changes after transitionPouring his own money into the company to stay operationalSurviving the challenges of CovidDoubling the business and selling to private equityCalculating the risk of buying a turnaroundBuying a healthy business for his next ventureCompeting with private equity for acquisitionsReferences and how to contact Ben:
Hartwood PointLinkedInGet a complementary pre-acquisition HR & PEO review for your target business:
Contact [email protected] or visit Aspen HRLearn more about Walker Deibel's done-with-you buy-side advisory:
The Acquisition LabConnect with Acquiring Minds:
See past + future interviews on the YouTube channelConnect with host Will Smith on LinkedInFollow Will on Twitter