Craig Daley was the Founder and CEO of Comfort Medical Supply, a nationally-accredited home medical equipment company that grew to national acclaim and a 3-time recipient of the Inc 500, “Fastest Growing Privately-Held Companies in America” award. Under his guidance, the company formed with $20,000 in 2003 and grew to $12 million in 10 years.
After a successful acquisition of Comfort by a private equity group in 2011, and continuing his tenure with Comfort as Chairman and CEO, Daley resigned in early 2013.
In this episode, you will find out the ups and downs of including a holdback in a private equity sale (and why it can be such a shock for businesses with lower turnover), why it’s important to have your company ducks in a row before you go to market (even if the transaction period will take 12 months or more), what Craig recommends nailing down to help navigate your business sale negotiations, and the one (big) thing you need to clear up if you’re going to stay on and work post-sale.
Connect with Craig Daley
Website: https://www.pmg-consult.org/
LinkedIn: https://www.linkedin.com/in/interwealth/
Twitter: https://twitter.com/daley_craig
Connect with Simon Bedard
LinkedIn: https://www.linkedin.com/in/srhbedard/
Website: https://buygrowsell.com/
Website: https://exitadvisory.com.au/
