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Susan Hrib started an oil and gas industry consulting firm called Signum back in 1994.
Recently Hrib received a call from an industry contact who said they would be interested in buying Signum. After more than 20 years in the same company, Hrib decided she was ready to move on. The acquirer offered four times EBITDA and Hrib was hoping for something closer to eight, but they were close enough to continue talking and ultimately reached a deal.
In this episode, you’ll learn:
At the time of the acquisition, Hrib was only working an hour or so a day thanks to an amazing second-in-command, who ran her business day-to-day. Do you have a team (or person) to take care of the daily running of your company? If not, we’ll design the team you need during Module 7 (we call it “Hub & Spoke”) of The Value Builder System™—complete Module 1 now by completing the Value Builder questionnaire.