Acquiring Minds Not Just a Young Man's Game: Acquiring at 60
Sep 20, 2022
Anne Ristic, a former managing partner at a law firm, took a bold leap into entrepreneurship by acquiring Agency Employment Services at age 60. She shares how Ruth Bader Ginsburg inspired her decision and discusses the unique challenges of financing a business in Canada. Ristic highlights her extensive industry research and growth vision for her company, alongside the nuances of navigating bank loans. She also addresses the importance of representation, encouraging more women to enter the business acquisition space.
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Career Reinvention at 60
- Anne Ristic bought a business at 60 after a 35-year law career, driven by her passion for growth, not retirement.
- She loved guiding organizational growth and wanted a new challenge beyond consolidating her law firm.
Networking Sparks Acquisition Interest
- A critical factor in Anne’s acquisition was her connection to a private equity-savvy partner, Mario Nigro, who encouraged buying a business.
- Reading Walker Deibel's book demystified acquisition and showed her it was feasible.
Partnering Enables Success
- Anne partnered with Jeremy Yu, an experienced self-funded searcher, who advised and co-invested in her acquisition.
- This collaboration gave Anne access to search resources and a supportive network during due diligence and acquisition.
