Hard but Fun: Transitioning a 77-Year-Old Business
Darryl Lindie did a geo-constrained search in Rhode Island to acquire a sign business with $650k of SDE & 25 employees.
Topics in Darryl’s interview:
His background in the Navy
How getting an MBA might slow you down
Searching in a small geographic radius
Buying a signage company
Valuing a business with a lot of cash transactions
Getting comfortable with project-based revenue
Mistakes in due diligence
Improving the culture in 100 days
Hiring a supplier to be his GM
Raising a fund for New Majority Capital
References and how to contact Darryl:
darryl@newmajoritycapital.com
New Majority…
The skinny
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