Acquiring Minds

Control & Family: Drivers of a Self-Funded Search


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  • Thu Sept 12 - How Big a Business Should You Buy? - https://bit.ly/3XmtR8v

  • Thu Sept 19 - Due Diligence Office Hours - https://bit.ly/4ghprZb

  • Fri Sept 20 - How Much to Budget for a Self-Funded Search - https://bit.ly/4e1Qjeq

Acquiring a $2.5m pallet manufacturer was Michael Kelker's first step to building a legacy business for his family.

Topics in Michael’s interview:

  • Self-funded vs. traditional vs. independent sponsorship
  • Carrying on his family legacy in manufacturing
  • His goal of having control over his work
  • Acquiring a custom pallet manufacturer
  • Getting the deal done during Covid
  • Challenges with the appraisal
  • Navigating the lumber price surge
  • Hiring a banker as CFO
  • Learning from his employees and customers
  • Optimism despite pallet industry downturn

References and how to contact Michael:

Get $200 off your ticket to the M&A Launchpad Conference in Chicago on October 26th:

  • https://www.malaunchpad.com & enter code ACQUIRINGMINDS

Get a free review of your books & financial ops from System Six (a $500 value):

Work with an SBA broker who focuses exclusively on helping entrepreneurs buy businesses:

  • Matthias Smith of Pioneer Capital Advisory

Connect with Acquiring Minds:

  • See past + future interviews on the YouTube channel
  • Connect with host Will Smith on LinkedIn
  • Follow Will on Twitter
...more
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Acquiring MindsBy Will Smith

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