
Acquisitions Anonymous - #1 for business buying, selling and operating Strategies for shopping your financing, and a 15 year old MSP in Kansas - Acquisitions Anonymous 232
Sep 29, 2023
This episode discusses acquiring a Kansas-based MSP business and the importance of understanding the niche and seller motivations. It also explores the pros and cons of niche markets for MSPs, demographics and roll-up plays in the industry, and the significance of meeting employees before closing a deal.
AI Snips
Chapters
Transcript
Episode notes
Secure Financing Early
- Consult with a financing expert before submitting a Letter of Intent (LOI).
- This helps determine bankability and avoid awkward renegotiations later.
Banks Vary Greatly
- Banks don't all have the same lending criteria; their appetites vary greatly.
- This variance is influenced by internal factors, past experiences, and industry preferences.
Lender Subjectivity
- Bill D'Alessandro encountered drastically different lender reactions during an asset-backed refinance.
- Some were eager, while others showed strong disapproval, highlighting lender subjectivity.
