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Post-Close, anonymous case studies of private company transactions. By @thegeneralmills

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Welcome to Post-Close, anonymous accounts of private company transactions.

Exploring the nuances of transactions, without breaking confidentiality.

[Bill D'Alessandro @BillDA]

In 2020 @girdley, @thegeneralmills, and I started recording our chats about companies for sale and how we'd value them.

We called the podcast "Acquisitions Anonymous".

Today @acquanon hit #15 overall in the "Entrepreneurship" category!

#16 might even say we are "crushing it"😉

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@WilsonCompanies Based on revenue? Or discretionary margin?

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@nickfedele Interesting question and thought. Eager to see what you settle on.

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@kendogpower @SMB_Attorney The niche is good, but man that’s a lot of off books from a ratio standpoint (1:1). Almost all businesses have some of this, but 50% of your revenue.

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@tsludwig There are two books, “Promises Made” and “Promises Kept” by Dever, that might be helpful for context alongside your reading.

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@Adam_Tkaczuk @MTSpeigle Thanks Adam, will DM you.

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Anyone have experience receiving NMTC (New Market Tax Credit) funds?

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@MTSpeigle @Adam_Tkaczuk DM and let’s chat more. We can probably accomplish more in 10 minutes on the phone, but I have lots of questions.

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@MTSpeigle @Adam_Tkaczuk Love to hear it. Are you in the roofing industry now? Or just evaluating it?

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@WilsonCompanies @girdley @RandLarsen1 @BillDA @kelceylehrich @Mehtabalism RIP to our friendship

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@BillDA @girdley @RandLarsen1 @kelceylehrich @Mehtabalism @WilsonCompanies I had a conversation with a coach/implementer prior to my acquisition and it was amazingly helpful. Helped me realize I was a “players coach”, and that has been reinforced every single day.

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@girdley @RandLarsen1 @BillDA @kelceylehrich @Mehtabalism @WilsonCompanies I was/am 100% turned off by the name of my type. It has the connotation of being argumentative, which I don’t think I am.

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@RandLarsen1 @BillDA @kelceylehrich @girdley @Mehtabalism @WilsonCompanies I’m a Debater. I’m drinking the kool-aid like @BillDA and @girdley but haven’t signed up yet and I’m not in nearly as deep as them.

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Thread is a great example of why to follow @StudentRentPro

He’s used to people telling him no. (but finds creative ways around it)

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@sweatystartup Interestingly, the paint technology has changed so much too. Kynar finishes on aluminum cone with a 40 year paint warranty.

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@sweatystartup My point is that a 30+ year roof costs more than $2/foot (it has to be metal for that longevity). And agree on upkeep.

What helps you guys is that you have few rooftop penetrations and no rooftop HVAC units.

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@danchodan Trying to do my part to keep that going.

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@markbrooks Corollary: can you imagine the life that is 80 years old and says, “I’ve had no failures or mistakes”?

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@moseskagan @moseskagan Have you seen the same to be true in roofing?

We’ve seen the opposite. Non-roofers will design things that are much more prone to leaking. Theory doesn’t hold up in reality.

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@Advisor_Jupiter Say more!

We’ve got massive material shortages, employees out with covid, and out caring for dependents with covid. Office and field staff. Inability to get materials and equipment.

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Any ERTC (Employee Retention Tax Credit) experts around?

I’m hearing that the “partial shutdown”definition interpretation is much broader than initially thought with gross receipts.

Would love to confirm with someone who knows more.