Buy Profitable Businesses Burdened by Operational Issues
I always tell buyers that they need to find a small business that makes money and is filled with operational problems. Learn more on How to Sell my own Business? The Book is available on https://t.co/l2EObkfURN https://t.co/61RdkEGqrU
Asian Terminals Delisted After Maharlika Investment Acquisition
𝗠𝘆 𝗣𝗵𝗶𝗹𝗶𝗽𝗽𝗶𝗻𝗲 𝗘𝗾𝘂𝗶𝘁𝘆 𝗣𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼 "𝗔𝗧𝗜 𝗗𝗲𝗹𝗶𝘀𝘁𝗶𝗻𝗴 — 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 𝗕𝗮𝗰𝗸 𝘁𝗼 𝗪𝗼𝗿𝗸" On 1 March 2026, I shared the notice regarding the delisting of Asian Terminals Inc. (Ticker: ATI). The development came after Maharlika Investment Corporation (MIC), the Philippines’ sovereign wealth fund,...
Evergreen Secures 47 Acquisitions in One Year
Yes... the holding company that has acquired 160 companies in nine years is Evergreen. Ramsey, the co-founder in the middle next to Alex and me, spends his time speaking with business owners and leading Evergreen’s new platform and add-on acquisitions. He was...
Fear Stems From Market Declines, Not Saba’s Bid
I’m genuinely interested in everyone’s thoughts. IMHO, what’s stoking fear @AcaciaCap isn’t our bid but the massive declines in everything from OTF, TCPC, FSK, OXLC, BPRE, the tripling of outflows for Cliffwater and Blue Owl, the frauds, the rise in...
Redbird Execs Considered Buying Washington Post in 2023
Redbird’s Gerry Cardinale and Jeff Zucker expressed interest in buying Washington Post in 2023, per @nytimes: https://t.co/v5fCZ26uuf
Buying a Business Costs Less Than You Think
How Much Money Do You Actually Need to Buy a Business? The answer is simpler—and more realistic. https://t.co/1vSKngieRj #SmallBusiness & Deal Making #SMB https://t.co/8co8xWB3QJ
Serial Acquirers Turn Cash Into Endless High‑Return Growth
One of the biggest reasons investors get excited about serial acquirers: They solve the reinvestment problem. In most businesses, good reinvestment opportunities are limited. You fund the core projects, maybe expand capacity, invest in product… and after that, the incremental dollar usually...
Government's 71% Fee Threat Sparks Outrage
Leaving aside the bad precedent (govt threatening to shut down a co unless it gets paid), the fee itself is kinda insane. The entire enterprise value was only around $14 billion. So this would be a 71% “banker’s” fee.
Partial Recap During Growth Boosts Valuation and Upside
Because founders are famously optimistic about the future of their business, selling their company during a growth phase may feel like giving away too much upside. A couple things to think about in this case: 1. A liquidity event is...
Irth Capital Eyes $47 Takeover Bid for PZZA
$PZZA is back in the rumor mill - This time Irth Capital is mentioned alongside Brookfield. - Irth already owns ~5% and reportedly tried to bid last year. - Rumored price: $47/share vs $36 today. - At ~10x EBITDA, there’s room for...
Debt Extensions and Aggressive Cuts Signal Upcoming Layoffs
VCs are telling their port cos with debt to start the extension process early And PE folks are planning aggressive cuts to boost EBITDA in preparation We will see lots of layoffs here… https://t.co/t5Rfcdpvvm
Acquisition‑Driven Holding Co. Hits $1.5B Revenue
There is a holding company acquiring technology services businesses. Since its founding in 2017, it has completed more than 150 acquisitions. Its highest annual acquisition volume has been as many as 47 companies in a single year. Today, the company generates $1.5...
Only Five Spots: Market Your Business by April 15
A special deal for anyone who wants to market and sell their business in 2026. Only 5 available and only until April 15th. https://t.co/2V05ALJWUW #SmallBusiness & Deal Making #SMB https://t.co/i6TXRgro9R
Niche Holding Firm Commands 65x P/E via Dominant Acquisitions
There’s a niche holding company trading at roughly 65x earnings (2025 numbers: $234 million in net sales and $38 million in EBITA). The company focuses exclusively on acquiring and developing industrial and service businesses in narrow market niches. Its acquisition criteria are...
Private Equity Set to Reclaim SaaS Amid AI Wave
Private equity is about to eat its own software portfolio PE built the SaaS installed base by pushing cloud software into portfolio companies a decade ago. Now AI gives them a reason to rip it back out w/ @jaswu_ https://t.co/70prLKAdaG
Atomico's Crunchbase Engine Generates One‑Third New Deals
How does @atomico scale data-driven venture investing across Europe? By integrating Crunchbase data into sourcing and diligence workflows. 💪 Today, 1 in 3 net-new opportunities in its pipeline originates from its data engine, with Crunchbase as the data backbone. 🔗: https://t.co/zf1JHLNAqP
Private Credit's Low Multiples Raise Concerns for Later Creditors
I've never quite understood this either. Private credit is first in line during liquidations and they often lend 0.5x to 2.0x ARR when the transaction happens. After a few years of growth that's often <1x ARR and probably...
Acquirers Are Already Courting Sellers—Be the Next Buyer
9 million businesses changing hands this decade the acquirer in your market is already calling owners already signing NDAs already in due diligence the sellers they close with this year were always going to sell to someone the only question was whether that someone was you
Operational Expertise Drives Speyside’s $1B Lower‑middle‑market Success
My conversation with Eric Wiklendt of Michigan based Speyside Equity. We discuss his journey and how the private equity firm has built a reputation as a highly operational lower-middle-market investor with close to $1B AUM, 38 total investments across 20 platforms,...
SPACs Flood Market as IPOs Raise $11.7 B
After a flurry of IPOs that raised $11.7 billion this year, a new crop of blank-check firms are joining a long queue: all the other vehicles waiting for the chance to take a company public https://t.co/LpBCk25L1r
Micro‑PE Activity Spikes as Papa John’s Gets Bid
Nice to see small cap Papa John's $PZZA catch a bid. Small and micro private equity is getting much more active. Discl. Long. https://t.co/jxtCUCCgCr
Predict Private Market Risks and Opportunities Faster with Crunchbase
Want to spot opportunity and risk earlier in private markets? 🔍 Join us for a webinar on March 19 to see how Crunchbase’s predictive intelligence in @Snowflake helps teams uncover opportunity, anticipate risk, and move faster. Don’t miss out. Register. 🔗: https://t.co/H3DbOOIzht
Serial Acquirer’s Playbook: 35 Deals in $50‑500M Manufacturing
Traveled to a Serial Acquirers conference in Stockholm, Sweden. The wifi at the hotel is slow, so it takes a little longer to upload the podcast episode with Eric Wiklendt of Speyside Equity, where he shares how they’ve acquired over 35...
Scale Your Service Business with No‑money‑down Acquisitions
work with me and scale your traditional service based business via no money down acquisitions: expand your multiple and step into building a portfolio: https://calendly.com/josh-joshli/m-a-private-advisory
Transparent Deal Journey: Real Client Success Steps
Mike’s actual path to a successful deal without lies and/or hype. This is a real journey of a client spelled out step by step. https://t.co/rCbnSHUqpo #SmallBusiness & Deal Making #SMB https://t.co/aObkNecA7n
Remote Owners Face Hidden Risks in Delegated Management
Case Study: Managing a Business with a Remote Owner: The Hidden Challenges Today, I want to discuss a common scenario in business ownership: when an owner spends most of their time away from the business and relies on a manager to...
Recession‑Proof Utilities: Private Ownership of Evergreen Industries
The industries that never have bad years: – People always get sick (clinics) – People always die (funeral homes) – Trash always needs collecting (waste) – Buildings always need cooling (HVAC) – Bugs always come back (pest control) – Old people always need care (senior homes) These...
Five Seller Types, Five Tailored Selling Strategies
The 5 seller types: The Exhausted Owner – Burnt out, just wants out – Lead with simplicity and speed The Legacy Protector – Cares about staff and reputation – Lead with your transition plan The Price Maxxer – Focused purely on number – Lead with structure that gets them...
Ignore Personal Details, Prioritize Cash Flow and Deal Structure
Things that do not matter in an acquisition: – Your personal credit score – Your savings account balance – Your age – Your industry background – Whether you've done it before – What your friends think – Whether you feel ready Things that do matter: – The target's cash...
Winners Alliance Commits Additional Funding Post‑Bankruptcy
Winners Alliance wrote in a court filing today it plans to continue investing in Grand Slam Track when(if?) the track meet company emerges from Chapter 11. WA has invested already around $20 million in equity and debt
Röko: Undervalued Serial Acquirer Poised for Growth
The holding company that almost no one talks about, yet it might be one of the most efficient compounding engines. RÖKO owns 29 niche, traditional businesses, runs at 21% margins, generates 14.5% returns on capital, and keeps acquiring new companies every...
TALK Commands ~3× Revenue Multiple, Outpacing Digital Health
This is actually good news for health-tech. TALK’s takeout multiple of ~3.0x revenues actually represents a fairly healthy premium to the recent digital health average (recall ACCD was taken out at ~1x). https://t.co/4FyXzAiny4
Withdraw Your Profits When Business Starts Thriving
“Many people, even when their company achieves success, will continue to leave their profits and initial capital in the company... Once things are rolling, you need to get your money back out of the company.” – 21 Stupid Things (2016)...
Team Up: Buying a Business Becomes Simpler
Buying a business is easier when you’re not doing it alone. Learn more: https://t.co/0Zb2oIUKUO #SmallBusiness & Deal Making #SMB https://t.co/xNUHGplSQC
Buy Low, Sell High: Leverage Cash‑Flow for $50M Exit
The acquisition math nobody shows you: Buy at 3–5x earnings Sell at 8–12x earnings 10 businesses × $500K profit = $5M EBITDA $5M EBITDA × 10x = $50M exit Businesses you paid nothing for Funded by the cash flow they already produced This is the game. Learn...
Leverage Expertise, Not Assets, to Acquire Middle‑Market Firms
Speaking with a former hedge fund manager who started investing in and acquiring profitable lower middle market companies. There is a catch though.. The model often starts with advisory work, where clients are willing to pay substantial fees for judgment alone. There is...
First-Year CEO Playbook: Preserve, Learn, and Improve Quickly
Lessons from 60+ search fund deals and a few guiding principles for a new CEO’s first year at an acquired company (from seasoned search fund investor Tim Ludwig): 1. Do no harm. You (or the investors) bought a good business....
Trump's DOJ Shakeup Leads to Ticketmaster Settlement
When the Trump administration canned DOJ antitrust chief Gail Slater, we wrote that all eyes should be on the Live Nation/Ticketmaster case -- watching to see if her ouster paved the way for a settlement. Today: Settlement.
EPF Holds Up RM11B Sunway‑IJM Takeover Amid Val
RM11B Sunway-IJM Takeover: The Great GLC Standoff The Employees Provident Fund (EPF) and major institutional shareholders are officially in a holding pattern, freezing an RM11 billion power shift as the Independent Advice Circular faces strategic delays. This regulatory bottleneck creates a...
Canadian Unicorn Sale Highlights Capital Drain to U.S., Abu Dhabi
Calgary-based tech unicorn CoolIT is speculated to be for sale for more than $3 billion. All of this value creation from this Canadian business will go to the U.S. (KKR) and Abu Dhabi (Mubadala). Sadly, this is par for the course for...
Rapidly Build Credibility and Network in New Markets
Full-speed immersion into a city and industry that is ripe for your search. Step by step on how to be taken seriously and make contacts fast. https://t.co/Dx7qWaKO4P #SmallBusiness & Deal Making #SMB https://t.co/pJ9bixnjax
Construction Stocks Squeezed by Takeover Rumors and Regulatory Scrutiny
Stop scrolling if you hold construction equities. Takeover rumors are actively destroying contract values right now. 1. MACC probe costs IJM a data center deal 2. MoF intercepts Sunway takeover of IJM 3. State funds clash over MRCB mega-merger Detailed Breakdown ↓↓↓ #BursaMalaysia #Equities
Malaysia Sees Major Corporate and Legal Shifts
Major Business News on March 6, 2026: 1. Court of Appeal to rule on RM1.7b pensioners payout 2. Ekovest secures 54-year highway concession 3. Datuk Seri Johari Abdul Ghani nears mandatory offer threshold 4. Datuk Tiong King Sing exits Timberwell at RM12.8 million Source: The...
Byron Allen Buys 10.7% of Starz for $25M
Byron Allen Acquires 10.7% Stake in Starz From Steve Mnuchin’s Investment Firm for $25 Million https://t.co/uuDK84OBQW via @variety
Talent‑First Strategy Powers Decades of Private‑Equity Returns
I started preparing for a research episode on a top private equity firm ($3B+ in AUM), and here are some of the notes I’ve taken so far: >Talent drives returns. >Their model is driven by the search for outlier investment talent. >Most of...
Dunkin's Parent IPO Beats SpaceX and OpenAI
The year's most important IPO isn't for SpaceX or OpenAI. It would be for the parent company of Dunkin' (do I need SpaceX or OpenAI every day? nope. but my iced coffee is a nonnegotiable) https://t.co/6kXbsBReYh
Real Deal Structures Hide in Everyday Business Stories
I Remember years ago I read an article most readers would skim past. It wasn’t about investing. It wasn’t about finance. It was a local business dispute. But buried inside was a real-world deal structure.
NFL Veteran Nets 10x Return on Oura Exit
NFL veteran @thejaylonsmith recently exited his investment in Oura, making a 10x return, his best ever.https://t.co/xHbeBAUc4s
Find Burnt‑Out Profitable Owners Ready to Seller‑Finance
There are businesses generating $600K profit right now with owners who: • Haven’t had a holiday in 3 years • Have no succession plan • Would seller-finance the whole deal just to escape You just need to know how to find them and what...
High Broker Fees Signal a Business Acquisition Attempt
If a broker charges rates in line with Realtors, say 5 or 6% then they likely are trying to ‘buy business.’- How to Sell my own Business https://t.co/l2EObkfURN https://t.co/Jq7DIDeNGv
