In this episode, David Blackburn sits down with Tom Springer, Managing Partner at SD Capital, for a grounded, experience-driven conversation on what truly drives successful middle-market transactions.
Drawing on decades of experience as a business owner, operator, advisor, and former portfolio company CEO, Tom offers a clear-eyed look at how buyers evaluate companies and where sellers often leave value on the table. The discussion goes beyond theory and focuses on the practical realities of preparing for liquidity events, navigating buyer expectations, and aligning transaction strategy with long-term personal and business goals.
The conversation explores what buyers prioritize today, how sellers can strengthen their position before entering the market, and why preparation is as much about clarity and timing as it is about financial performance. Tom also shares perspective on working effectively with buyers, managing complexity during a sale process, and avoiding common missteps that can derail outcomes or erode value.
This episode is especially relevant for founders and executives considering recapitalization, management buyouts, family transitions, or other monetization paths. It offers thoughtful guidance rooted in real transactions and lived experience, making it a valuable listen for anyone navigating growth, transition, or exit decisions in the middle market.
To connect with Tom, follow him on LinkedIn here.
Learn more about SD Capital by visiting their webpage here.