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What does private equity actually look for when they buy a business?
In this episode of MATCHplay, Thad Miller sits down with Pete Munson, an operator and advisor who has spent years working alongside private equity groups on acquisitions, growth, and value creation.
Pete has seen deals from the inside. What gets attention, what gets passed on, and what ultimately determines whether a business becomes a success story or a missed opportunity. He breaks down the real evaluation process, what separates a business that gets serious offers from one that gets overlooked, and where most founders misread the game before they even sit down at the table.
This conversation is for any business owner who has ever wondered how private equity actually thinks, or who wants to build something worth buying one day.
What You'll Learn:
-What private equity looks for the moment they see a business for the first time
-The non-negotiables that have to be present for a deal to move forward
-How buyers weigh the numbers against the people running the business
-What separates businesses that get strong offers from those that get passed on
-Why deals that look good on paper sometimes fall apart, and where the breakdown usually happens
-What founders misunderstand about the ultimate goal of private equity after a deal closes
-What to think through before entering any PE process, and who is a good fit versus who probably isn't
About the Guest:
Pete Munson is the Managing Director at Cardinal Equity Partners, where he works closely with private equity groups on acquisitions, growth strategy, and value creation. He brings a practitioner's perspective to how deals are evaluated, structured, and ultimately won or lost, and what business owners need to understand long before the process begins.
🎧 Listen to MATCHplay on Spotify- https://open.spotify.com/show/1gymVuZio3JiveegeNZ2RT?si=ea26bd704b8c4162
🎧 Listen to MATCHplay on Apple- https://podcasts.apple.com/us/podcast/matchplay/id1843210078
📺 Subscribe on YouTube for more conversations on entrepreneurship, leadership, and successful business exits - https://www.youtube.com/@MATCHplaypod
By Thad MillerWhat does private equity actually look for when they buy a business?
In this episode of MATCHplay, Thad Miller sits down with Pete Munson, an operator and advisor who has spent years working alongside private equity groups on acquisitions, growth, and value creation.
Pete has seen deals from the inside. What gets attention, what gets passed on, and what ultimately determines whether a business becomes a success story or a missed opportunity. He breaks down the real evaluation process, what separates a business that gets serious offers from one that gets overlooked, and where most founders misread the game before they even sit down at the table.
This conversation is for any business owner who has ever wondered how private equity actually thinks, or who wants to build something worth buying one day.
What You'll Learn:
-What private equity looks for the moment they see a business for the first time
-The non-negotiables that have to be present for a deal to move forward
-How buyers weigh the numbers against the people running the business
-What separates businesses that get strong offers from those that get passed on
-Why deals that look good on paper sometimes fall apart, and where the breakdown usually happens
-What founders misunderstand about the ultimate goal of private equity after a deal closes
-What to think through before entering any PE process, and who is a good fit versus who probably isn't
About the Guest:
Pete Munson is the Managing Director at Cardinal Equity Partners, where he works closely with private equity groups on acquisitions, growth strategy, and value creation. He brings a practitioner's perspective to how deals are evaluated, structured, and ultimately won or lost, and what business owners need to understand long before the process begins.
🎧 Listen to MATCHplay on Spotify- https://open.spotify.com/show/1gymVuZio3JiveegeNZ2RT?si=ea26bd704b8c4162
🎧 Listen to MATCHplay on Apple- https://podcasts.apple.com/us/podcast/matchplay/id1843210078
📺 Subscribe on YouTube for more conversations on entrepreneurship, leadership, and successful business exits - https://www.youtube.com/@MATCHplaypod