Buy and Build
Ep 29: Cedric Sigoire - Acquiring 13 Translation Agencies in 7 Years
Mar 28, 2022
Cedric Sigoire, owner of DEMAN Translations group, shares his journey in acquiring 13 translation agencies in just 7 years. He discusses the unique challenges and opportunities in the B2B translation sector, emphasizing the importance of strong client relationships. Cedric reveals his strategic approach to sourcing acquisition targets, highlighting the value of personal connections and team dynamics. He also reflects on his ambitions for future growth and the significance of networking in the business acquisition landscape.
46:17
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Quick takeaways
- Cedric Sigoire's pursuit of acquisition entrepreneurship is fueled by his goal of financial independence and overcoming initial challenges in sourcing opportunities.
- The B2B translation industry offers significant growth potential due to its specialized services, high demand, and the importance of client relationships built on trust.
Deep dives
Cedric Sigouard's Journey to Business Ownership
Cedric Sigouard discusses his transition from employee to business owner, highlighting his motivation to create his own venture after working in various sales roles across Europe. He began his search for a business to acquire about 15 years ago, but struggled to find suitable opportunities due to the lack of platforms for small business acquisitions in countries like France and Germany. Eventually, he found a translation company in Germany, which he acquired seven years ago, believing he could manage it as well as the previous owner. His determination to achieve financial independence drove him to pursue this path, despite the challenges he faced during the initial search.
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