How Two First-Time CEOs Bought a $5M EBITDA Business | Greg Geronemus Interview
Greg Geronemus bought a ~$5M EBITDA business with no operating experience, financed half the purchase price with a seller note, and spent his first year doing something most new owners struggle to do: almost nothing.
Four years later, the business was larger, professionally managed, dramatically delevered, and sold at roughly 9x EBITDA—producing just under a 5x net return and ~50% net IRR for investors.
Greg breaks down the entire journey: finding the deal, negotiating the structure, taking over from a deeply embedded founder, deciding what not to change, discovering the growth channels that…
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