Acquiring Minds Why Sell to Private Equity: Former Guest Has an Exit
Oct 3, 2024
Taylor Wallace, an expert in selling to private equity, joins Tyler O'Connor, a returning guest and successful business owner, to explore the complexities of private equity transitions. They discuss the pain points of managing teams during shifts and the critical evaluation of good versus bad private equity partners. Tyler shares insights from his military background and how it informs his leadership style while navigating the challenges of a seasonal business. Together, they highlight innovative strategies for growth through partnerships and the emotional motivations behind entrepreneurial journeys.
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Career Pivot
- Taylor Wallace's career pivot from tech to doggy daycare during COVID.
- Partnered with a friend already managing a doggy daycare franchise.
Acquisition Strategy
- Paws and Rec's initial strategy involved buying underutilized doggy daycare facilities.
- They aimed to double capacity and leads by leveraging operational and marketing expertise.
De Novo Challenges
- After two successful acquisitions, Taylor and his partner attempted a de novo build, which took two years instead of six months.
- They struggled with real estate development and finding suitable acquisition targets.