Acquiring Minds

Life as an Operator: Leaving PE to Buy a $2m Tree Business

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Apr 13, 2023
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INSIGHT

Execution Beats Paper Theses

  • Kaustubh realized management execution, not spreadsheets, often determines private equity deal success.
  • That motivated him to become an operator to learn what great management actually looks like.
ADVICE

Search Locally If You Plan To Stay

  • Focus your search where you want to live long-term because local ties improve deal access and post-close operations.
  • Use hometown credibility to build trust with sellers and brokers and to ease transition risk.
INSIGHT

Three Core Small-Business Risks

  • Small businesses concentrate three risks: concentration, owner dependency, and revenue quality.
  • Owner dependency is often the hardest to replace during a buyer transition.
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