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Built to Sell Radio

Latest episodes

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Jun 6, 2025 • 1h 6min

Ep 497 Exit Story: How $1M in Profit Changed Doug Lowenthal’s Life Forever

Doug Lowenthal, founder of True Technology, a Florida-based managed service provider, dives into his transformative journey of building a million-dollar business. He shares insights on achieving a crucial $1 million EBITDA and the shift towards strategic IT partnerships. Doug discusses his leadership evolution, the importance of financial transparency, and the emotional landscape of selling a company. With humor, he reflects on preparing for life post-sale, including unexpected milestones like buying a luxury car and launching a new venture for MSPs.
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May 30, 2025 • 56min

Ep 496 After the Deal: CK on Selling for $510M, Taking a Sabbatical, and Redefining Success

Chang Kim, known as CK, sold his company Tapas for $510 million and bravely embraced a year-long sabbatical. He candidly shares his thoughts on the transformative experience of stepping back from work, discussing family dynamics and the emotional intricacies of managing newfound wealth. CK highlights the importance of teaching his kids financial responsibility, and unveils his new venture in the podcasting space, leveraging AI to connect generations through mentorship and storytelling. His insights on success and fulfillment are truly inspiring.
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10 snips
May 23, 2025 • 56min

Ep 495 Inside the Mind of an Acquirer: Brent Beshore on the Private Equity Trap and Being Long-Term Greedy

Brent Beshore, founder of Permanent Equity, discusses the pitfalls of private equity and the importance of long-term ownership. He warns about the common practice of financial engineering that can lead to culture erosion in acquired companies. Beshore contrasts aggressive private equity strategies with sustainable, family-owned businesses, highlighting a people-centric approach. He shares insights on navigating the home services sector, effective marketing, and the significance of transparency in business transactions.
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May 16, 2025 • 57min

Ep 494 Exit Story: Building News Sets for TV Stars—and a Business Worth Millions

In this conversation, Mac McLaughlin, the founder of FX Design Group, shares his journey from theater to building million-dollar sets for TV. He discusses the intricate dance of design, revenue challenges, and the ups and downs of client relationships. Mac also dives into the sale of his business, the emotional rollercoaster of transitions, and the lessons learned in negotiations. He offers insights on navigating ownership changes amidst economic hurdles and the significance of effective communication in business. Throughout, his personal anecdotes make the complexities of entrepreneurship relatable and engaging.
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4 snips
May 9, 2025 • 45min

Ep 493 Exit Story: Selling a 20-Person Agency for 5.5x EBITDA

Jeff DeGarmo, the co-founder of Cubic, shares his journey of building a 20-person marketing agency over 16 years and selling it for 5.5x EBITDA. He reflects on the challenges of transitioning from military service to entrepreneurship and navigating complex negotiations. Jeff discusses how his agency evolved from a web-focused firm to a full-service agency, emphasizing the importance of recurring revenue. He also addresses the emotional journey of selling a business and his commitment to empowering veterans in entrepreneurship through coaching and resources.
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10 snips
May 2, 2025 • 59min

Ep 492 Mastering the Deal: How Greg Alexander Got $162M for a 30-Person Firm—and What He’s Learned from Watching 50 Other Exits Up Close

Greg Alexander, founder of Collective 54 and seller of his consulting firm SBI for $162 million, shares invaluable insights from his experience with over 50 service firm exits. He highlights the importance of productizing services and implementing recurring revenue models. Greg discusses the unique challenges boutique firms face and the significance of client diversification through strategic acquisitions. He also delves into valuation intricacies, emotional negotiation pitfalls, and the importance of building community connections post-exit.
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Apr 25, 2025 • 1h 4min

Ep 491 Inside the Mind of an Acquirer: The Case for Unsexy

What makes someone want to buy an “unsexy” business?  Jon Pole has acquired 19 traditional radio stations. On paper, it’s an industry many assume is in decline. But for an experienced buyer like Pole, these deals are less about media trends and more about community, cash flow, and culture. 
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6 snips
Apr 18, 2025 • 52min

Ep 490 Exit Story: How a Middleman Built and Sold a $19M Distribution Business

Sean McAuliffe, a former house painter turned entrepreneur, shares his incredible journey of building a $19 million distribution company for replacement car keys. He reveals how a simple client complaint led him to discover a lucrative niche by sourcing keys from Asia. McAuliffe dives into the complexities of managing inventory, understanding pricing differences, and the unexpected offer from a private equity firm. He also discusses the shift from traditional keys to digital solutions and reflects on personal growth during the challenges of selling his business.
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8 snips
Apr 11, 2025 • 1h 7min

Ep 489 Inside the Mind of an Acquirer: Sequoya Borgman on How Independent Sponsors Buy Companies, Structure Deals, and Spot Pretenders

Sequoya Borgman, founder of Borgman Capital and an expert in independent sponsorship, shares insights from his experience acquiring 19 companies. He discusses how independent sponsors vary from traditional private equity, utilizing deal-by-deal funding. Sequoya highlights the evolving landscape of lower middle-market acquisitions, emphasizing the rise of high-net-worth individuals. He explores the intricacies of deal structuring, CEO expectations, and the importance of trust between buyers and sellers to ensure successful transactions.
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22 snips
Apr 4, 2025 • 59min

Ep 488 Exit Story: Garren Hilow on Selling for $190M, Taking Stock, and Missing His Earn-Out

Garren Hilow, co-founder of Abveris, shares his incredible journey from a bootstrap startup with a small stake to a $190 million all-stock sale. He discusses the challenges of co-founding a biopharmaceutical company, overcoming financial hurdles, and successfully navigating the complex sale process. Garren reflects on the emotional turmoil of a botched earn-out and the lessons learned along the way. He also finds joy in personal triumphs post-sale, like acquiring a fishing boat and appreciating family moments amidst the ups and downs of entrepreneurship.

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