Business Owner Interview: First 100 Days With Private Equity
11/12/20 • 21 min
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 partner
4:15 - Transitioning into his new role with Torsion Group Corp
7:08 - 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 forward
15:40 - His experience running the day-to-day operations of the company while being immersed in the M&A transaction process
16:34 - Advice for business owners contemplating an exit and things he wish he'd known more about prior to entering into the negotiation process
For further discussion on the M&A process, please visit
https://www.mcmcapital.com/private-equity-resource-guide-and-information/
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 partner
4:15 - Transitioning into his new role with Torsion Group Corp
7:08 - 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 forward
15:40 - His experience running the day-to-day operations of the company while being immersed in the M&A transaction process
16:34 - Advice for business owners contemplating an exit and things he wish he'd known more about prior to entering into the negotiation process
For further discussion on the M&A process, please visit
https://www.mcmcapital.com/private-equity-resource-guide-and-information/
Previous Episode
Most Important M&A Negotiation Terms
What are the most important terms in negotiating the sale of a business? We sat down again with deal attorney Brent Pietrafese of Calfee, Halter & Griswold for a deep dive into legal due diligence. Among other things, we discuss:
- Protections business owners retaining minority stake in the new business should focus on during negotiations
- Most heavily negotiated terms in M&A transactions
- Key terms for entrepreneurs when negotiating a post-transaction employment agreement
- Non-compete clauses in acquisition documents and employment agreements
- Advice for business owners who may be negotiating the sale of their company in the near future
Well Capitalized - Business Owner Interview: First 100 Days With Private Equity
Transcript
hello and welcome to another episode of well-capitalized I'm your host Bobby kingsbury managing director at MCM Capital Partners today we have another business owner experience we have Matt O'Donnell from your short commercial door - Matt thank you very much for for joining us I wanted to have you on because you have a unique experience from the other business owners that we've interviewed and that you sold your business to a private equity backed strategic but first
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