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New Podcast: How This Independent Sponsor Left The Corporate World To Acquire 8 Businesses In 8 Years
An interview with Nick McLean
Hello SMB Deal Hunters!
I’m excited to share a new interview with Nick McLean, an independent sponsor who has acquired 8 businesses in 8 years through his company Four Pillars Investors.
Nick’s acquisitions include a steel fabrication business, a high-pressure aluminum die-casting company, a home furnishing business, a sheet metal business, and a machining facility.
Today's issue is sponsored by SMB Diligence, the platform I helped start for matching business buyers with vetted legal counsel and Quality of Earnings providers.
WORK WITH ME
Want me and my team to work with you to source on and off-market deals, mentor you through closing your first acquisition, and introduce you to investors? Apply to join SMB Deal Hunter Pro.
Here's what one member shared this past week:
INTERVIEW
In the interview with Nick, we discuss:
How Nick decided to go all in on business acquisitions after losing his corporate job
How Nick transitioned from working in the first business to stepping out of the day-to-day (and how he hired a President to run the business)
Why Nick decided to transition from buying and operating a business to becoming an independent sponsor
What the independent sponsor model looks like (and what the economics look like for all parties involved)
And more!
PRESENTED BY SMB DILIGENCE
Here’s Why You Shouldn’t Skip Due Diligence…
A friend of mine put a business under LOI and asked me for my advice.
I recommended he contract a 3rd party due diligence partner to rebuild the company's P&L from scratch.
Turns out their EBITDA was off by 2x 😳
Enter SMB Diligence.
SMB Diligence is the platform I helped start for matching business buyers with vetted diligence providers, from M&A lawyers to Quality of Earnings providers.
Their network of experts has worked on hundreds of small business transactions (including many from the SMB Deal Hunter community).
COMMUNITY PERKS
• Want to invest passively in SMB acquisitions? Get access to investment opportunities.
• Get a personal introduction to my preferred SBA 7(a) lender, non-SBA lenders, Quality of Earnings providers, or legal counsel
• Raising capital for your deal? I’ll connect you with investors from the SMB Deal Hunter Community.
• Interested in selling your business? I’ll help you connect with buyers from the SMB Deal Hunter Community.
THAT’S A WRAP
Want me to interview you for my podcast? Hit reply.
See you tomorrow with some new deals!
-Helen Guo
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Disclaimer
This publication is a newsletter only and the information provided herein is the opinion of our editors and writers only. Any transaction or opportunity of any kind is provided for information only; SMB Deal Hunter does not verify nor confirm information. SMB Deal Hunter is not making any offer to readers to participate in any transaction or opportunity described herein.