About this Episode
Matt Slaine used his wisdom from Wall Street to buy the perfect company, and later sell it for a perfect price.
Matt Slaine is an investor who grew up on Wall Street. In pursuit of his next move (and an intent to own), he decided to purchase a company, instead of starting one.
What followed was a journey of identifying his perfect candidate (Progressive Business Media, a B2B media and communications company in the home furnishings and gift space,), buying it in 2012 – and, (true to style) investing in the business to ensure it could one day thrive without him.
Find out how Slaine used his wisdom from Wall Street to turn Progressive Business Media into a 100-employee company that would successfully sell through an unsolicited acquisition offer.
In this episode, you’ll learn:
- The best way to find a business to buy
- How to build up the value of your business over time
- Slaine’s best advice for making your business less dependent on you
- How you can thrive in a “dying” industry
Matt Slaine invested the time to find the perfect company to buy – ultimately preparing him for an eventual exit since he did the leg work on who his strategic buyer could be. The Short List Builder is module 11 The Value Builder System™ and helps you understand who your strategic buyers could be – whether you’re ready to sell now or not. Get started for free right now by completing Module 1.
About our guest
In 2013 Slaine and investors acquired a group of print business to business publications in the furniture, gift, and home decor industries. Over the following years a company called Progressive Business Media was born and flourished as it pursued monetization opportunities and a culture of team excellence. In Q4 of 2018 the Company was acquired in an all cash transaction by GateHouse Media's BridgeTower division.