How2Exit: Buy, Don't Build - M&A of Small Businesses

E223: The Pilot Project: A Solution For First Time Buyers to Buy Lower Markets and Sell A Roll-Up

4 snips
Jun 18, 2024
Roger Best, a versatile expert with a background in engineering, law, and private equity, shares insights from his diverse career. He discusses strategies for first-time buyers using SBA financing to purchase lower middle-market businesses, highlighting innovative mentorship programs. Roger emphasizes the need for strong operational frameworks like EOS to empower employees. He also outlines traits to look for in successful operators, stressing problem-solving skills and diverse experiences. The conversation touches on the challenges faced by retiring baby boomers and the importance of professional infrastructure.
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ANECDOTE

Roger Best's Career Journey

  • Roger Best shares his journey from an engineer to real estate developer to corporate lawyer and finally private equity expert.
  • His diverse background gave him unique skills to manage complex projects and structure deals effectively.
INSIGHT

Private Equity Outshines Real Estate

  • Private equity far outperforms real estate as a wealth generator in recent decades.
  • Forbes shows 93% of the 400 wealthiest Americans made money via private investment funds, only 3% from real estate.
INSIGHT

Silver Tsunami Opportunity

  • The retiring baby boomer 'Silver Tsunami' has left many profitable lower-market companies without succession.
  • GenX Capital targets these companies to roll them up, adding infrastructure to appeal to middle market buyers.
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