Business Acquisition Criteria: From The Buyer’s Perspective With Nick Seger

  What are potential buyers looking for in a business? While there is no such thing as perfect acquisition criteria, different buyers do have their preferences in terms of what industry the company is in, what its corporate structure and company culture looks like, and what the reason for the owner’s exit is. Taking a break from the usual format, Bob Roark interviews someone who is looking to acquire a business. https://www.linkedin.com/in/nicholasseger/ (Nick Seger) is the president of https://parklandfield.com/ (Parkland Field Management), a search fund that intends to become the succession plan for a business inColorado or the surrounding states. Coming from a family business background, Nick has deep respect for business and is not looking for a quick flip as private equities tend to do. He plans to hold on to the business to see it grow and provide long-term value to its employees, customers, shareholders and community. What is his criteria for acquisition? What does a handoff transition period look like? What does he think business owners have to do to make their company attractive to search funds if they’re planning to sell? Nick shares all of these in this episode. --- Watch the episode here:[embed]https://youtu.be/DbL4zSzZDdQ[/embed] Business Acquisition Criteria: From The Buyer’s Perspective With Nick SegerWe have Nick Seger. He's the President of https://parklandfield.com/ (Parkland Field Management). Nick is a recent arrival to Denver. He's in search of a company to acquire. This show is a little different and many times we talk to business owners that have an existing business. They may be looking to transition their business or they may be looking at some point to sell. In this case, what we have is a potential buyer of a business. We're going to explore some of Nick's thoughts and also the view from the buyer's eyes when you're looking at a business. Nick, thank you for taking the time to be on the show. Thanks for having me, Bob. Nick, tell me a little bit about your business and