Introduction to Jim:
Currently the Chief Financial Officer at Wales-Darby, Jim has been in the financial field for more than 30 years. For the majority of his career, Jim has been involved in the fields of manufacturing, construction, and distribution. He has also worked with public, private, and family-owned businesses.
What You Will Learn
Portfolio Companies Acquiring Manufacturing Firms
Learning About How Manufacturing Works
Difference between PE Backed Businesses and Family-Owned Organizations
Process in the PE Business Process
Drivers for Industrial Businesses
Implementation of ERP Systems
Breakdown:
[00:43] Introduction of Jim
[02:01] Mistakes Made by Private Equity Firms
[02:56] Acquiring Manufacturing Companies
[04:14] PE Back Business vs Family-Owned Organizations
[06:00] Learning From PE Back Business Process
[07:58] Drive Increase for Industrial Business
[10:43] Tips for New ERP Implementations
[13:12] Likes and Dislikes on the PE Industry
[14:46] Known Knowledge Before Entering the Industry
[16:04] Reading References of Jim
[17:46] Social Links and Conclusion
Understanding the Industry
Jim takes on the topic on how private equity firms can work around companies in the manufacturing and construction industry. It is important to know the industry that you are absorbing and it should not only be based on the general revenues. PE firms must understand the complexity of income and goods allocation that progresses throughout the manufacturing industry. This will enable them to better understand the industry from a financial point of view.
Growth In Other Ways
In order to improve the portfolio lineup, PE firms need to have a better understanding of the companies or lineups they have. This will enable them to properly fix their portfolio in terms of growth and sustainability. Growth and development does not simply rely on the sales portion, there are more ways growth can be measured throughout the financial cycles of each company.
Reading Materials
Atomic Habits by James Clear
Twelve and a Half by Gary Vaynerchuk
How to Reach Jim:
Email: jimsilvestri70@gmail.com
Jim’s Linkedin
Thank you for tuning in!
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The Private Equity Podcast, by Raw Selection