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cover of episode Ep 368 How This Service Business Sold for Over 4-Times Revenue with Kelby Zorgdrager

Ep 368 How This Service Business Sold for Over 4-Times Revenue with Kelby Zorgdrager

2022/12/16
logo of podcast Built to Sell Radio

Built to Sell Radio

Shownotes Transcript

In 2006 Kelby Zorgdrager started DevelopIntelligence, an outsourced training provider that helps programmers develop new skills and adapt to ever-changing technologies.

The business snowballed as Zorgdrager onboarded most Fortune 500 giants in his space. However, Zorgdrager had a problem. The company was too dependent on him.

To ensure the business could succeed without him, Zorgdrager implemented a four-step system to replace himself as the rainmaker of his company.

The strategy worked. By 2020 Zorgdrager had grown the business to $12.1 million in revenue, which piqued the interest of some acquirers. A year later, Zorgdrager signed an acquisition offer from Pluralsight in a deal valued at $48.9 million.