Intro

Register for the webinars:

• Thu Sept 12 - How Big a Business Should You Buy? - https://bit.ly/3XmtR8v

• Thu Sept 19 - Due Diligence Office Hours - https://bit.ly/4ghprZb

• Fri Sept 20 - How Much to Budget for a Self-Funded Search - https://bit.ly/4e1Qjeq

Acquiring a $2.5m pallet manufacturer was Michael Kelker's first step to building a legacy business for his family.

Topics in Michael’s interview:

• Self-funded vs. traditional vs. independent sponsorship
• Carrying on his family legacy in manufacturing
• His goal of having control over his work
• Acquiring a custom pallet manufacturer
• Getting the deal done during Covid
• Challenges with the appraisal
• Navigating the lumber price surge
• Hiring a banker as CFO
• Learning from his employees and customers
• Optimism despite pallet industry downturn

References and how to contact Michael:

• LinkedIn
• mkelker@timberlinepallet.com
• GBR Riverdale

Get $200 off your ticket to the M&A Launchpad Conference in Chicago on October 26th:

• https://www.malaunchpad.com & enter code ACQUIRINGMINDS

Get a free review of your books & financial ops from System Six (a $500 value):

• Book a call with Tim or email hello@systemsix.com and mention Acquiring Minds

Work with an SBA broker who focuses exclusively on helping entrepreneurs buy businesses:

• Matthias Smith of Pioneer Capital Advisory

Connect with Acquiring Minds:

• See past + future interviews on the YouTube channel
• Connect with host Will Smith on LinkedIn
• Follow Will on Twitter