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Consolidating and Scaling in the Music School Industry
Exploring the strategy of consolidating 40 music schools to achieve substantial revenue goals and market presence through acquisitions and integrations. The chapter tracks the journey from seeking growth equity for schools three and four in 2019 to reaching 40 schools by 2022 with the support of a majority financial sponsor. The speaker reflects on transitioning from a business owner to working in a larger mid-market business and discusses the unique debt structures and financial strategies involved in acquiring multiple businesses.