37 min listen
How to Buy a $800k Clinical Trials Firm & Grow It to $3m
FromAcquiring Minds
ratings:
Length:
61 minutes
Released:
May 20, 2021
Format:
Podcast episode
Description
How former management consultant Scott Whitt acquired and grew a small clinical trials business into the millions.Key points from Scott's acquisition:
Triad was generating $850k in revenues & large 70% margins
Scott acquired it in 2015 for 3.5x earnings
Used ROBS for part of the acquisition financing
Grew revenues to $3m in 5 years
Predicts business can grow to $6-7m
Reach Scott Whitt:
scott_whitt@outlook.com
LinkedIn
His acquisition, Triad Clinical Trials
Official episode page & full show notes at AcquiringMinds.co:Buying a Clinical Trials Firm & Growing It to $3m
Triad was generating $850k in revenues & large 70% margins
Scott acquired it in 2015 for 3.5x earnings
Used ROBS for part of the acquisition financing
Grew revenues to $3m in 5 years
Predicts business can grow to $6-7m
Reach Scott Whitt:
scott_whitt@outlook.com
His acquisition, Triad Clinical Trials
Official episode page & full show notes at AcquiringMinds.co:Buying a Clinical Trials Firm & Growing It to $3m
Released:
May 20, 2021
Format:
Podcast episode
Titles in the series (100)
Pivoting to Swag in 7 Acquisitions Over 8 Years: Two brothers took over a 110-year-old business in a stagnating industry. 7 acquisitions later, the future is bright. by Acquiring Minds