M&A Talk: #1 Podcast on Selling a Business For New Sellers: The Story of an $80 Million Deal that Died
Aug 21, 2024
Marc Beginin, an entrepreneur who faced significant challenges including a halted $80 million sale due to the COVID-19 pandemic, shares his remarkable journey. He discusses his resilience in navigating through a merger and launching a new business despite setbacks. Listeners learn about the importance of adaptability in entrepreneurship, the intricacies of mergers and acquisitions, and the lessons of grit gained from overcoming obstacles. Marc's insights highlight the power of persistence and strategic growth in the ever-evolving business landscape.
AI Snips
Chapters
Transcript
Episode notes
Focus On One Hustle
- Avoid running multiple hustles at once because you won't give any full attention.
- Marc Beginin warns piecing time across projects prevents getting 100% back.
$80M Deal Derailed by COVID
- Marc Beginin signed an $80M LOI on Feb 24, 2020.
- The buyer halted M&A after COVID hit two weeks later and the deal collapsed.
From $45K To $40M In Five Years
- Marc Beginin launched Precision Extraction with $45,000 in 2014.
- By 2019 the company grew to over $40 million in revenue.