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:

• LinkedIn
• [email protected]
• New Majority Capital
• Why Should White Guys Have All the Fun?: How Reginald Lewis Created a Billion-Dollar Business Empire
• The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success

Get a complementary pre-acquisition HR & PEO review for your target business:

• Contact [email protected] or visit Aspen HR

Get complimentary due diligence on your acquisition's insurance & benefits program:

• Oberle Risk Strategies - Search Fund Team

Connect with Acquiring Minds:

• See past + future interviews on the YouTube channel
• Connect with host Will Smith on LinkedIn
• Follow Will on Twitter