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Control & Family: Drivers of a Self-Funded Search
Manage episode 439475055 series 2931927
Register for the webinars:
- Thu Sept 12 - How Big a Business Should You Buy? - https://bit.ly/3XmtR8v
- Thu Sept 19 - Due Diligence Office Hours - https://bit.ly/4ghprZb
- Fri Sept 20 - How Much to Budget for a Self-Funded Search - https://bit.ly/4e1Qjeq
Acquiring a $2.5m pallet manufacturer was Michael Kelker's first step to building a legacy business for his family.
Topics in Michael’s interview:
- Self-funded vs. traditional vs. independent sponsorship
- Carrying on his family legacy in manufacturing
- His goal of having control over his work
- Acquiring a custom pallet manufacturer
- Getting the deal done during Covid
- Challenges with the appraisal
- Navigating the lumber price surge
- Hiring a banker as CFO
- Learning from his employees and customers
- Optimism despite pallet industry downturn
References and how to contact Michael:
- mkelker@timberlinepallet.com
- GBR Riverdale
Get $200 off your ticket to the M&A Launchpad Conference in Chicago on October 26th:
- https://www.malaunchpad.com & enter code ACQUIRINGMINDS
Get a free review of your books & financial ops from System Six (a $500 value):
- Book a call with Tim or email hello@systemsix.com and mention Acquiring Minds
Work with an SBA broker who focuses exclusively on helping entrepreneurs buy businesses:
Connect with Acquiring Minds:
- See past + future interviews on the YouTube channel
- Connect with host Will Smith on LinkedIn
- Follow Will on Twitter
295 episodes
Manage episode 439475055 series 2931927
Register for the webinars:
- Thu Sept 12 - How Big a Business Should You Buy? - https://bit.ly/3XmtR8v
- Thu Sept 19 - Due Diligence Office Hours - https://bit.ly/4ghprZb
- Fri Sept 20 - How Much to Budget for a Self-Funded Search - https://bit.ly/4e1Qjeq
Acquiring a $2.5m pallet manufacturer was Michael Kelker's first step to building a legacy business for his family.
Topics in Michael’s interview:
- Self-funded vs. traditional vs. independent sponsorship
- Carrying on his family legacy in manufacturing
- His goal of having control over his work
- Acquiring a custom pallet manufacturer
- Getting the deal done during Covid
- Challenges with the appraisal
- Navigating the lumber price surge
- Hiring a banker as CFO
- Learning from his employees and customers
- Optimism despite pallet industry downturn
References and how to contact Michael:
- mkelker@timberlinepallet.com
- GBR Riverdale
Get $200 off your ticket to the M&A Launchpad Conference in Chicago on October 26th:
- https://www.malaunchpad.com & enter code ACQUIRINGMINDS
Get a free review of your books & financial ops from System Six (a $500 value):
- Book a call with Tim or email hello@systemsix.com and mention Acquiring Minds
Work with an SBA broker who focuses exclusively on helping entrepreneurs buy businesses:
Connect with Acquiring Minds:
- See past + future interviews on the YouTube channel
- Connect with host Will Smith on LinkedIn
- Follow Will on Twitter
295 episodes
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