How to Make More Money When Selling Your Manufacturing Business with Fran Brunelle

Lisa Ryan: Hey, it's Lisa Ryan. Welcome to the Manufacturers' Network Podcast. I'm excited to introduce you to our guest today Fran Brunelle. Fran is the President and founder of Accelerated Manufacturing Brokers. She specializes in the sale of small and mid-sized manufacturing firms. To ensure the continuity of US manufacturing, Fran and her team help transition ownership to the next generation of entrepreneurs. Recently Fran was named to the 2020 most influential women in mid-market mergers and acquisitions. Fran is also the host of WAM - Women and Manufacturing podcast. She writes on topics that helped manufacturing business owners prepare their companies for sale and navigate the sales process to ensure positive financial results supporting their retirement. So, Fran, welcome to the show. Fran Brunelle: Thank you so much for having me. It's good to be with you today. Lisa Ryan: Fran, please share a bit about your background and what path led you to work with manufacturers and get into the selling of manufacturing businesses. Fran Brunelle: Sure, So, we just passed in April, our 27th anniversary. So, we started my career serving the manufacturing community as an industrial auctioneer selling the manufacturing equipment that the businesses use that I currently sell. Often, a manufacturer who needed an auction had some need for speed, usually because they were in financial trouble. But the companies that were buying equipment from us were growing thriving, constantly rotating out their equipment for newer pieces or better brands. Eventually, at their behest, we started our journey as M&A professionals. Those buyers said to us, "Hey, I need to retire. I was hoping you could sell my business or help me find a company to acquire to facilitate my growth. For a while, we ran both divisions, and we started to hit our stride in manufacturing M&A, and, at the point where we grew over 400% three years running, we said goodbye to auctions. Like the M&A practice, you're  helping to transition owners