March 3, 2020 at 7:09 pm
#37605
Nick Picone
Participant
Ours tends to be strategic growth, whether in geographic expansion or product line expansion versus our competitors. Obviously, it needs to be financially advantageous, usually based on synergies through the acquisition and projected revenue growth. We tend to acquire smaller companies from the “inventor” of the product or market. It can be difficult to get a true valuation of the business and it usually comes down to common cultures and trust.