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Boring Businesses

Raising $800m to Buy Boring Businesses - John Caple

Aug 28, 2024
John Caple, co-founder of Hidden Harbor Capital Partners, shares insights on navigating the world of private equity. He discusses his unique investment strategy, focusing on operational excellence in small business acquisitions. The conversation dives into forming capable management teams and the significance of clear operating principles. Caple also highlights the nuances of acquiring businesses in the $1 to $10 million EBITDA range, emphasizing humility and genuine connections. Expect key insights on strategic growth timelines and the evolving private equity landscape!
57:18

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Quick takeaways

  • Selecting the right management team post-acquisition is crucial, requiring a thorough and deliberate hiring process for long-term success.
  • Focusing on stable and recurring revenue industries enables sustainable growth, avoiding the pitfalls of asset-heavy and cyclical sectors.

Deep dives

The Crucial Role of a Management Team

Selecting the right management team after acquiring a business is a critical decision that can significantly impact its success. It is essential to resist the urge to hire quickly and instead invest time in finding the right candidate, even if it takes longer. Proper interviewing and referencing are invaluable in this process, as having strong leadership can make or break the organization. Following this meticulous process can lead to better long-term outcomes and ensure that the business is steered in the right direction.

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