Tom & Steve Shelton | Building & Selling a Luxury Dealership Dynasty | Like A Champion Podcast #09

01/09/25 • 95 min

Like A Champion Podcast | M&A Mastery with Wes Shelton

This special episode with Steve and Tom Shelton - Wes's father and uncle - explores their history in South Florida with building the number one Ferrari dealership in North America, their love of racing, and the overall experience of building and selling their multiple high-end dealerships across multiple transactions.

***GET A ONE-ON-ONE, COMPLIMENTARY CONSULTATION with WES***
https://sm2advisors.com/like-a-champion-podcast-request-a-meeting/
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Hear more great stories, actionable M&A tips, and leadership insights from Wes Shelton of SM2 Advisors and his guests.
Sponsored by SM2 Advisors (https://sm2advisors.com)
and Rebel Motor Company (https://www.rebelmotorclub.com)
Produced by DTM Creative Solutions (https://dtmcreativesolutions.com)
Logo & Website Design by PixelWorks (https://pxlwrx.com)

Previous Episode

Dr. Rick Harris | Selling a Mental Health Practice | Like A Champion Podcast #08

Considering selling your business?
****GET A FREE CONSULTATION WITH WES****
https://sm2advisors.com/like-a-champion-podcast-request-a-meeting/
*NEW EPISODE* with Dr. Rick Harris | Hear why Dr. Harris, alongside his business partner and wife, used an M&A advisor. Glean insights from what they learned and how Wes and his team were able to increase the practice's valuation and find the perfect buyer.
*To listen on your favorite apps like Spotify & Apple go to:*
https://likeachampionpodcast.com

Next Episode

David Black | Avoid Deal Pitfalls & Learn Sale Must-Haves from an Expert M&A Attorney | Like a Champion Podcast #10

Join M&A attorney David Black of Berger Singerman, a seasoned expert with decades of experience, as David shares insider legal strategies that help businesses avoid costly pitfalls when selling. In this must-watch conversation with Wes, David reveals invaluable insights that could transform the way you approach business transactions. Whether you're an entrepreneur or an investor, you won't want to miss the wisdom that can help you navigate the complex world of mergers and acquisitions.

00:00:00 Introduction and Purpose of the Podcast
00:01:18 Dave's Background and Journey into M&A
00:02:24 The Fun and Challenges of Sell-Side M&A
00:04:37 Building the Right Team for a Liquidity Event
00:11:33 The Importance of Specialized M&A Attorneys
00:20:36 Common Deal Killers and Financial Pitfalls
00:31:42 Engaging Advisors Early and Exit Planning
00:35:50 Handling Key Employees and Management During a Sale
00:38:00 Navigating Sign and Close Deals
00:38:31 Managing Employee Communication During M&A
00:41:03 Legal Risks in M&A Transactions
00:42:42 Tax Implications of Asset vs. Stock Sales
00:46:16 Impact of AI on Legal and Business Practices
00:51:56 FTC Ban on Non-Competes: Implications and Opinions
00:55:27 Career Advice for Aspiring M&A Lawyers
01:04:41 Personal Insights and Recommendations