We interviewed Matt O'Donnell, founder of North Shore Commercial Door, on his experience selling his business to private equity backed strategic Torsion Group Corp. Matt discusses trying to juggle running the business while negotiating the sale, emotions he dealt with throughout the negotiation process, and gives some advice for business owners contemplating a similar transaction.
How does life at a family owned business change after becoming a private equity portfolio company? In this episode of Well Capitalized, MCM interviews Marc Calcaterra, CEO of Torsion Group Corp., a manufacturer and distributor of garage door parts and accessories that was acquired by MCM Capital Partners in 2016.
Discussion of important negotiation terms for business owners when selling their company. Brent Pietrafese, attorney with Calfee, Halter & Griswold, joined us for another deep dive into legal due diligence to cover some of the most commonly negotiated terms in M&A transactions.
We discussed what sellers of businesses should expect from financial and tax due diligence. Justin Thomas from Cohen & Company joined us to discuss the purpose of the exercise, how long it usually takes, treatment of non-business related expenditures, buyside and sellside quality of earnings, common tax issues that arise during M&A transactions, and advice for business owners preparing for financial and tax due diligence.
MCM interview with Mike Tiner, from Andover Corporation discussing a leveraged buyout process from management's perspective. Mike describes what challenges arose during the sale process, what positives came out of the sale process and what advice he would give to an owner considering the sale of their business.