July 29, 2024

Take Five #110: 6 types of “invisible” debt companies can carry, and more

Take Five #110: 6 types of “invisible” debt companies can carry, and more

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Take Five #110: 6 types of “invisible” debt companies can carry, and more

1. Some SMB buying tips from a seasoned M&A advisor and investor

2. New SBA program to extend businesses up to $5M in revolving credit

3. Buyer jumps from 1 acquisition to 7 in less than 5 years

Today's guest thought he would buy a single business for the long term.

Sure, there might be bolt-ons and strategic M&A opportunities along the way, but he wasn't envisioning acquisition being the core motion of the project.

Well when he found a business he wanted to buy and went into the market looking to raise equity, one investor gave him a piece of pivotal advice:

Make this acquisition a platform, and do a roll-up.

Elliott Edge took the advice.

4.5 years later, he's acquired 7 businesses and is at $16m in revenue.

Listen to the Acquiring Minds podcast interview here.

4. What to do when the seller says “Make me an offer”

5. 6 types of “invisible” debt companies can carry

Loved what you read? Subscribe to Take Five to get our top quick reads every week from the team at Kumo. Kumo aggregates thousands of sources into one easy-to-use platform so that you can spend less time sourcing, and more time closing deals.