Takeaways from our conversation with Justin Ishbia. 1) The system is the star. Every phase of the deal cycle has a playbook. Some involve hundreds of steps. Everyone is responsible for using and continuously improving them. 2) Good process unlocks speed and scale. Shore has done ~600 acquisitions. Average enterprise value of transactions is $12 million. 3) Every industry has a Mt. Rushmore. The people that everyone looks up to, quotes in meetings, and seeks advice from. 4) True expertise takes time. “It takes a really smart person about 18 months to learn 90% of the industry. That last 10% takes 5 years." 5) Stack the boards. Shore appoints ~7 independent board members to every company they buy (Mt. Rushmore industry veterans). They get options–no cash. That makes them hungry. And they recruit like crazy. Most importantly, they enjoy it. 6) Early career energy. Hire it. Embrace it. 7) “People don’t quit their friends.” Not a single person above associate level at Shore Capital has ever left the company. Pay a little above market and invest a ton in culture. 8) Clarity in Systems = Expectations = Trust. Shore is known for replacing founders with new CEOs. It’s never a problem because everyone’s up front about it. 9) New leaders build trust by starting with more questions than answers. When Justin became the manager of the Phoenix Suns, he had 1:1’s with every employee, held a town hall Q&A, and sent out a survey that asked "tell me the 2 things we should keep doing & the 2 things we should stop doing." (270+ of 300 employees responded). He read every single response and acted fast. https://lnkd.in/ehdeYxp6
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The Power Trio: How I Drive Growth, My Brother Fixes Chaos, and Coleman Keeps It All in Check! As the CEO, I spearhead company expansion through acquisitions and raising capital. My COO brother streamlines operations and implements efficient systems. Our CFO, Coleman, meticulously tracks it all. Discover the dynamic roles behind our team's success. #BusinessGrowth #OperationsEfficiency #ManagementSuccess #CompanyExpansion #StrategicPlanning #TeamCollaboration #FinancialTracking #LeadershipSkills #EntrepreneurLife #SuccessStories
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"Is this your reason for being? Is this your the idea that's been burning you up for your whole life and you really just want to do this for another 10 years?" Renowned Investor, Mark Suster from EP #153 on his experience w acquisitions and how he would advise founders today. Listen to our full conversation w Mark from Upfront Ventures here: https://lnkd.in/gwspSk4b
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🚀 New Blog Alert! 📝 Dive into why investing in our team is at the heart of Bellewood Acquisitions' success. Discover the power of nurturing talent and fostering growth in our latest post. Read now: https://bit.ly/3K1a1tk - #teaminvestment #bellewoodacquisitions #blogalert
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🏠 Why I Founded CF Acquisitions: Aligning Values with Impactful Real Estate 🚀 Discover what drove me to create CF Acquisitions in 2019. A company dedicated to transforming communities through responsible real estate investment. 🌟 If you’re passionate about making a difference while achieving business success, discover how we’re revitalizing multifamily properties for families. Learn from my journey and see how aligning your career with your values can lead to meaningful change and growth. 📈 🔗 Read the full story & join our mission Stay informed on upcoming deals, market insights, and investment tips by joining our mailing list. Let’s make a positive impact together! 🤝 #RealEstate #CommunityImpact #EthicalInvesting #AffordableHousing #Leadership https://wix.to/NIzBuVM
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cfacquisitions.com
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Business acquisitions—conquering the corporate landscape or just buying a bigger boat to sink in? Let’s dive headfirst into the parade of power moves, shall we? 1. **The Halo Effect**: Is it really a golden opportunity or just fool's gold? News flash—sometimes that glittering unicorn is just a donkey with a party hat. 2. **Due Diligence**: They say it's all in the details. But let's be honest, how many of us truly love spreadsheets? More like doom diligence. 3. **Cultural Clash**: Trying to merge two companies' cultures is like combining oil and water. Spoiler alert: It’s more like tossing Mentos into Coke—messy, explosive, and often regrettable. Why do it then? Ah, the thrill! The chase! The notion that scaling up means leveling up. Embrace the chaos and remember, those who dare, win. Or at least, they make for interesting headlines. Acquisitions are a gamble, but hey, isn't life just one big casino? Sometimes you’re the high roller, sometimes you’re the guy at the penny slots. Play your hand wisely. What fortunes will you uncover? What chaos will you embrace? https://lnkd.in/emdgfXDV #BusinessAcquisitions #CorporateStrategy #AdventureAwaits #ExecutiveLife #RiskAndReward #EntrepreneurMindset
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Let's talk about business acquisitions. Sounds intimidating, right? Like a corporate version of Survivor, but with fewer palm trees and more spreadsheets. Here's the deal: 1. **The Hunt**: This is Darwinism at its finest. Predator companies sniffing out the weak, ripe for the taking. Why? To expand territory, snatch up resources, or squash competition like a pesky bug. Market seizures with a side of profit, anyone? 2. **Smoke and Mirrors**: Promises of synergy and growth. You'd think it was a fairy tale. But behind the glittering curtains, there’s a lot of duct tape holding things together. Skeptical? So am I. 3. **The Aftermath**: It’s like the morning after a crazy party. Sometimes it’s a headache. Sometimes it's a goldmine. You know, Shark Tank meets Mission: Impossible. Acquisitions sound romantic but require a lot of late-night sweat and a dash of insanity. It’s not all glam and champagne. Expect some heartaches. This isn't just business; it's war and peace written by dollar signs. So, arm yourself with wisdom and maybe some antacids. https://lnkd.in/emdgfXDV #BusinessAcquisitions #CorporateStrategy #SurvivalInstinct
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So, you’ve decided to dive headfirst into the swirling vortex of business acquisitions, huh? Congratulations, you're officially part of the corporate Hunger Games. May the odds be ever in your favor. Let’s break it down: • **Identify your target** – Think of this like dating. Swipe left on the losers, swipe right on the ones with potential. • **Due Diligence** – Fancy term for snooping around. Your aim: uncover anything that'll make you reconsider sealing the deal. • **Negotiation** – Time to show off those poker skills. Remember, folding isn't an option unless you're a quitter. • **Integration** – The perfect way to say, “Let’s make this chaos work for us.” Consider it the honeymoon phase, with fewer roses and more spreadsheets. Imagine this is a video game. You’ve unlocked a new level. New power-ups await, but so do new bosses. So, suit up, get your game face on, and conquer. Remember, the secret to mastering acquisitions is simple: don’t screw it up. Stay sharp, stay hungry. 🦈 https://lnkd.in/emdgfXDV #BusinessAcquisitions #CorporateTakeover #LevelUp #BusinessStrategy #EntrepreneurLife
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James Carey, currently a partner at Next Sparc Growth Partners, provides insights into how family offices excel in strategic acquisitions within the competitive realm of mergers and acquisitions. Family offices distinguish themselves through their flexibility, personal touch, and creativity in deal-making, leveraging their own capital to structure deals with agility. Carey emphasizes that relationships with founders and entrepreneurs are pivotal in deal sourcing, underscoring the importance of trust and value creation in successful transactions. Key strategies include proactive deal sourcing through extensive networks and collaboration with top-tier firms, swift decision-making guided by experience and intuition, and rigorous due diligence based on strong rapport with sellers. Success stories range from explosive growth in minority investments to strategic exits that define success, highlighting the integral role of industry experts and operating executives throughout the M&A process. Read More Here: https://lnkd.in/gFfbGZwD Branded Hospitality Ventures Matthew Lerner #hospitality #innovation #venturecapital #MandA Noah Stern Miles Molyneaux Nathan Carmon Len Pagon
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In this Episode About Private Equity and You (for CEOs) - Private Equity Insights: Adam Coffey shares his extensive experience in private equity, focusing on acquisitions, exits, and how private equity firms generate returns through strategies like arbitrage and balanced growth. CEO Perspective: Coffey discusses the journey from corporate leadership at GE to becoming a CEO under private equity ownership, highlighting the financial dynamics and decision-making processes involved. Wealth Creation: Coffey advises entrepreneurs to view selling their company to private equity as a step in their wealth creation journey, not the end, emphasizing the ongoing growth and value creation post-sale opportunities. Dr. Jim Schleckser #privateequity #theceoproject #wealthcreation #thelazyceopodcast Listen to this week's episode: https://lnkd.in/e2WwJ9rw
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Business Acquisitions: The Wild West of Modern Enterprise Think you’ve got what it takes to wrangle a business acquisition? Well, saddle up, partner. This ain't no pony ride. 1. **Strategy or Spaghetti Against the Wall?** – Is your acquisition plan a finely tuned instrument, or are you just hoping something sticks? Spoiler alert: It’s usually the latter. 2. **Synergy Shmenergy!** – The word is thrown around more than a Frisbee on a dog beach. But behind the buzzword lies the bitter truth that integration often resembles trying to mix oil with water. 3. **Big Bucks, Bigger Risks** – Sure, acquisitions can be lucrative. But remember, some folks buy yachts; others end up with Titanic-sized regrets. 4. **Culture Clash** – Two companies, one culture. It often ends like a reality TV show—drama, tears, and someone probably gets voted off the island. But hey, adventure is calling. Whether you end up in the boardroom or the loony bin, it's all part of the thrill. So buckle up, buttercup. #BusinessAcquisitions #CorporateStrategy #RiskAndReward https://lnkd.in/emdgfXDV
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