Minds Capital Podcast

Platform + Key Competitor = Multiple Expansion

24 snips
Nov 12, 2025
William (Bill) Boffa, founder of Willistown Capital, and partner Darren Fultz share insights on executing complex acquisitions with precision. They discuss their award-winning deals for Quiltcraft and Fabtex, emphasizing the importance of selecting the right partners to mitigate risks. The duo reveals how local attorneys foster smoother negotiations and the challenges of managing simultaneous transactions. They also explore the strategic role of transparency in seller relationships and the benefits of their independent sponsor model in navigating deal complexities.
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INSIGHT

Platform Plus Competitor Multiplies Value

  • Combining a platform with its key competitor can create outsized value beyond standalone acquisitions.
  • Willistown deliberately pursued a second LOI target to achieve rapid multiple expansion and market leadership.
ADVICE

Budget For Big Legal And Integration Costs

  • Be willing to take calculated risk when an opportunity offers transformational upside, even if it raises legal and execution costs.
  • Expect and budget for meaningful legal and integration expenses when pursuing complex, simultaneous deals.
ADVICE

Pair Deals With Right Capital Provider

  • Use the independent sponsor model to pair each deal with the capital provider that best fits the opportunity.
  • Treat difficulty raising capital as a signal that the deal may be weak or mispriced.
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