M&A Launchpad Young Couple Builds Generational Wealth By Buying A Business With SBA Loan with Meredith and Michael Schlinkert
In this episode of the M&A Launchpad Podcast, Casey Minshew and Feras Moussa interview Michael and Meredith Schlinkert, owners of BackgroundConnect, as they share their journey of acquiring a background screening company in Houston. They discuss their backgrounds, the search process for the right business, the challenges they faced during the acquisition, and their strategies for growth in the first year.
The conversation highlights the importance of having the right team, understanding the business landscape, and building strong client relationships. They also reflect on their experiences and offer advice for aspiring entrepreneurs looking to make similar moves in the business world.
In this episode:
- How Michael and Meredith Schlinkert navigated the business acquisition process while maintaining full-time jobs.
- The challenges of entering the background screening industry and how they adapted.
- Key strategies for post-acquisition growth, including technology investments and client relationships.
- How they financed their acquisition using self-raised equity and an SBA loan.
You can contact Meredith Schlinkert at mschlinkert@backgroundconnect.com
Additional Resources:
- Access our archive of video interviews on YouTube https://www.youtube.com/@MALaunchpad
- Get in touch with show hosts Casey Minshew and Feras Moussa at - info@equitylaunchpad.com
- Looking to invest in M&A opportunities or partner with an advisor to acquire, scale or sell your business? Visit Equity Launchpad (https://equity-launchpad.com/)
- Love this podcast? Join the M&A Launchpad Community at the M&A Launchpad Conference on May 3rd in Houston. Get your tickets here: https://www.malaunchpad.com/