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cover of episode Ep 498 Inside the Mind of an Acquirer: Understanding the Buyer Who Pays 100% at Close

Ep 498 Inside the Mind of an Acquirer: Understanding the Buyer Who Pays 100% at Close

2025/6/13
logo of podcast Built to Sell Radio

Built to Sell Radio

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Colin Morgan
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Dan Mitels
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Colin Morgan:本期节目重点介绍Dan Mitels的Salt Creek公司独特的收购方式,他们通常在交易结束时支付100%的购买价格,让原所有者离开,这与传统的私募股权公司不同。 Dan Mitels:我们是碰巧拥有很多企业的企业家,所以我们做出的决定是基于如何处理一家特定的公司,并且强烈倾向于长期持有该公司。我们通常以三到六倍的EBITDA购买公司,并努力寻找那些具有独特优势和可持续杠杆作用的企业。我们擅长弄清楚什么是差异化和杠杆作用,以及为什么它们是可持续的。我们所做的有意义的工作是,我们使这些公司能够转型。

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Most acquirers want you to stick around. Roll equity. Hit targets. Train your replacement.  But there’s a different kind of buyer out there. One who wires 100% of the money at closing—and lets you walk.  Dan Mytels represents this type of buyer. Through his firm, Salt Creek, he’s acquired 100 businesses—most of them mature, profitable, niche companies where the owner was ready to move on. They don’t always offer the highest multiple, but they do offer something many founders value more: a clean break.