Damien James started Dimple in 1997 to help people living in aged-care facilities by visiting them and offering podiatry (foot care) services.

He built the company to $200k EBITDA when he realized his company might need a different kind of executive in order to keep growing.

James hired a new CEO, and together they grew the company to $11M in revenue and $2.4M EBITDA in just over two years. That’s when Zenitas Healthcare acquired Dimple for $13.4M.

 

 In this episode, you’ll learn:

- The signs that someone on your management team may be a “bad apple”

- Clues to spotting a rain-maker during the hiring process

- How strategic acquirers position themselves for purchase

- Options for structuring an employee stock ownership plan (ESOP)

- A clever tactic to avoid an earn out

- Pitfalls to avoid after the sale

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