Adam Vandermyde had to be persuaded to acquire the $15m business that he ultimately professionalized and exited for 7x.
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Topics in Adam’s interview:
- Leaving consulting 2 months from making partner
- Taking on the CEO role at the target before closing
- Focusing on EBITDA over revenue
- A construction mistake that cost the company dearly
- Parsing data to understand “margin per labor dollar”
- Advantages of being in a high-growth geographical area
- Improving customer service to stand out
- Exiting after 5 years
- Adrenaline rush of sharing his payday with employees
- How it feels to be a millionaire
References and how to contact Adam:
Get a free review of your books & financial ops from System Six (a $500 value):
Learn more about Walker Deibel's done-with-you buy-side advisory:
Work with an SBA loan team focused exclusively on helping entrepreneurs buy businesses:
Connect with Acquiring Minds:
Edited by Anton Rohozov
Produced by Pam Cameron
