In this episode of the M&A Mastermind podcast, Nick Olsen interviews Andrew Hoffman, founder of the Search Fund Coalition. They discuss the concept of search funds, the evolution of acquisition entrepreneurship, and the importance of community support for entrepreneurs.

Andrew shares insights on the different types of acquisition entrepreneurs, funding sources, deal structures, and the long-term goals of those looking to acquire and operate businesses. The conversation highlights the growing interest in acquisition entrepreneurship and the resources available to support aspiring entrepreneurs in their journey.

Tune in now and elevate your understanding of M&A dynamics with the podcast that delivers actionable insights and unlocks the door to new possibilities. To learn more about M&A trends and insights, please like, subscribe, and rate our podcast. New episodes go live every Thursday at 9 am CST.

Some Key takeaways include:

• Search funds are a collaborative vehicle for entrepreneurs and investors.
• The Search Fund Coalition was created to combat the loneliness of entrepreneurship.
• Self-funded searchers are increasingly common in the acquisition space.
• Access to capital is a key factor for acquisition entrepreneurs.
• Deal structures vary significantly based on enterprise value and cash flow.
• Acquisition entrepreneurs aim for value creation and operational success.
• Networking and educational opportunities are vital for aspiring entrepreneurs.
• The market for acquisition deals is evolving with more participants.
• Understanding investor dynamics is crucial for successful transactions.
• Long-term goals include transitioning businesses into profitable operations.

About the show:

The M&A Mastermind Podcast is your go-to source for the latest industry trends and strategies to level up your M&A practice.

The show features thought leaders who specialize in the lower middle market space and share their experiences and expertise across key areas of execution, such as: market analysis, lead generation, deal management, strategic partnerships, buyer access and much more.

With host Nick Olsen, each episode's "mastermind" will share ways in which they have found success in navigating the M&A industry to best support the small-to-medium sized private business owners they focus on serving.

Chapters:

00:00 Introduction to Search Funds and Acquisition Entrepreneurship

04:57 The Birth of the Search Fund Coalition

09:47 Types of Acquisition Entrepreneurs

15:07 Funding Sources and Investor Dynamics

19:56 Deal Structures and Components

29:49 Long-Term Goals of Acquisition Entrepreneurs

Keywords: search funds, acquisition entrepreneurship, Search Fund Coalition, M&A, investment, business acquisition, entrepreneur community, funding sources, deal structure, investor dynamics

In this episode of the M&A Mastermind podcast, host Nick Olsen interviews Bryce DeGroot, managing director and partner of an M&A firm specializing in outdoor recreation and lifestyle companies. Bryce shares his journey into the M&A business, the importance of industry specialization, and how it provides a competitive edge. He discusses the significance of relationships in deal origination, the risks associated with focusing on a single industry, and the value of organic growth through referrals. The conversation also touches on marketing strategies and the importance of nurturing long-term relationships with clients.

In this conversation, Bryce DeGroot discusses the importance of referrals in business, managing client expectations as an industry expert, and the valuation of intangible assets in niche markets. He shares insights from significant deals, including the sale of Evolve Sports to an international buyer and the unique challenges faced when working with major brands like Yeti. Bryce emphasizes the value of industry specialization in M&A, highlighting how it can lead to better outcomes for clients.

Tune in now and elevate your understanding of M&A dynamics with the podcast that delivers actionable insights and unlocks the door to new possibilities. To learn more about M&A trends and insights, please like, subscribe, and rate our podcast. New episodes go live every Thursday at 9 am CST.

Some Key takeaways include:

• Bryce DeGroot is a third-generation M&A advisor.
• Industry expertise allows for better client advisement.
• Relationships are crucial for deal origination.
• Specialization can lead to a lack of diversification.
• The outdoor industry is cyclical and can impact deals.
• Organic relationship building has been effective for growth.
• Closed transactions are more meaningful in specialized industries.
• Referrals from past clients are invaluable.
• Nurturing relationships takes time and effort.
• Marketing strategies should focus on storytelling and value. Referrals are crucial for business growth and client acquisition.
• Active communication with clients can enhance referral opportunities.
• Managing client expectations is essential for successful transactions.
• Intangible assets significantly impact company valuations in niche markets.
• Understanding a company's competitive moat is vital for valuation.
• International deals can introduce complexities in negotiations and due diligence.
• Yeti's acquisition of Mystery Ranch showcases the importance of brand alignment.
• Industry specialization can lead to better client outcomes and success.
• The initial years of specialization may be slow but yield long-term benefits.
• Building a strong track record in a chosen industry is key to success.

About the show:

The M&A Mastermind Podcast is your go-to source for the latest industry trends and strategies to level up your M&A practice.

The show features thought leaders who specialize in the lower middle market space and share their experiences and expertise across key areas of execution, such as: market analysis, lead generation, deal management, strategic partnerships, buyer access and much more.

With host Nick Olsen, each episode's "mastermind" will share ways in which they have found success in navigating the M&A industry to best support the small-to-medium sized private business owners they focus on serving.

Chapters:

00:00 Introduction to M&A and Outdoor Recreation

02:13 Bryce's Journey in M&A

04:35 Industry Specialization and Competitive Edge

08:51 Streamlining Processes through Industry Knowledge

11:00 The Power of Relationships in Deal Origination

13:38 Risks of Industry Specialization

16:36 Referral Networks and Organic Growth

19:47 Nurturing Relationships Over Time

21:09 Marketing Strategies and Success Stories

23:21 The Power of Referrals in Business

26:43 Managing Client Expectations as an Industry Expert

30:14 Valuing Intangible Assets in Niche Markets

35:18 Case Study: Evolve Sports and International Acquisitions

41:42 Unique Challenges in Selling to Major Brands

44:36 The Importance of Industry Specialization in M&A

Keywords: M&A, outdoor recreation, industry specialization, deal origination, business relationships, competitive advantage, referral networks, marketing strategies, Bryce DeGroot, Compass M&A, referrals, client expectations, intangible assets, industry specialization, M&A, Evolve Sports, Yeti, valuation, business growth, market trends

In this episode of the M&A Mastermind podcast, host Nick Olsen speaks with Mike Garrison, founder of the Strategic Referral Team, about the significance of predictable referrals in the M&A industry. They discuss the challenges faced by M&A advisors in obtaining referrals, the importance of being interesting and authentic in marketing, and how personal passions can enhance business connections. Mike emphasizes the need for continuous self-development and the role of effective communication in building strong client relationships.

Tune in now and elevate your understanding of M&A dynamics with the podcast that delivers actionable insights and unlocks the door to new possibilities. To learn more about M&A trends and insights, please like, subscribe, and rate our podcast. New episodes go live every Thursday at 9 am CST.

Some Key takeaways include:

• Referrals are a crucial lead generator for M&A advisors.
• Successful M&A professionals should receive referrals from past clients.
• Many referrals occur without the advisor's knowledge.
• Being interesting online is essential for attracting referrals.
• Authenticity in marketing helps in building trust with clients.
• Personal passions can lead to valuable business connections.
• Continuous self-development is necessary for scaling referrals.
• Clients should love meeting and working with their advisors.
• The sales process in M&A is often lengthy and requires relationship building.
• Referrals are not a universal system; they require personal branding.

About the show:

The M&A Mastermind Podcast is your go-to source for the latest industry trends and strategies to level up your M&A practice.

The show features thought leaders who specialize in the lower middle market space and share their experiences and expertise across key areas of execution, such as: market analysis, lead generation, deal management, strategic partnerships, buyer access and much more.

With host Nick Olsen, each episode's "mastermind" will share ways in which they have found success in navigating the M&A industry to best support the small-to-medium sized private business owners they focus on serving.

Chapters:

00:00 Introduction to Predictable Referrals

01:15 The Importance of Referrals in M&A

02:08 Understanding the Referral Process

04:03 Challenges in Obtaining Referrals

07:34 Becoming Interesting to Generate Referrals

10:29 Authenticity in Marketing and Referrals

12:12 The Role of Passion in Business Connections

16:41 Self-Development and Continuous Learning for Success

Keywords: M&A, referrals, business growth, networking, marketing strategies, self-development, authenticity, client relationships, sales process, value acceleration