Selling 1-800 Hansons | Brian Elias
Today, I have a special guest, friend - home improvement entrepreneur, Brian Elias. With just $5K in savings, Brian started and built 1-800 Hansons, a company selling replacement windows, siding and roofing in the Midwest. Brian built 1-800 Hansons to more than $70M in sales and today Hansons is one of the top 10 home improvement companies in the US. In 2017 Brian sold the majority of his share in Hansons to a private equity firm, Huron Capital.
E10: Today, I have a special guest, friend - home improvement entrepreneur, Brian Elias. With just $5K in savings, Brian started and built 1-800 Hansons, a company selling replacement windows, siding and roofing in the Midwest. Brian built Hansons to more than $70M in sales and today Hansons is one of the top 10 home improvement companies in the US. In 2017 Brian sold the majority of his share in Hansons to a private equity firm, Huron Capital.
Brian is a marketing genius who understands how to connect with people on a personal level and he is always willing to give back to his fellow entrepreneurs. Today Brian and I chat about his decision to sell his business, how he prepared his business to maximize his sale price and his decision to roll some of his equity back into the business alongside his buyer in hopes of a second liquidity event.
I hope you enjoy my conversation with Brian Elias.
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This episode is brought to you by Exitwise: https://www.exitwise.com
Exitwise helps business owners create the exits they deserve by assembling the best teams of industry specific, M&A experts, who will help maximize the sale of each business.
How Does It Work:
1. Schedule A Call: Schedule a call with one of our M&A Advisors and we'll walk you through the entire process of selling your business, from market valuations to M&A expert fees and from due diligence to the signing of your purchase agreement. We're here to answer any questions you may have.
Brian is a marketing genius who understands how to connect with people on a personal level and he is always willing to give back to his fellow entrepreneurs. Today Brian and I chat about his decision to sell his business, how he prepared his business to maximize his sale price and his decision to roll some of his equity back into the business alongside his buyer in hopes of a second liquidity event.
I hope you enjoy my conversation with Brian Elias.
------------------------------------------------------------------------
This episode is brought to you by Exitwise: https://www.exitwise.com
Exitwise helps business owners create the exits they deserve by assembling the best teams of industry specific, M&A experts, who will help maximize the sale of each business.
How Does It Work:
1. Schedule A Call: Schedule a call with one of our M&A Advisors and we'll walk you through the entire process of selling your business, from market valuations to M&A expert fees and from due diligence to the signing of your purchase agreement. We're here to answer any questions you may have.
On this call, we'll want to learn about the history of the business, your financial performance, your management team and listen to your thoughts and requirements for selling the business so we can make sure to find the best M&A experts to help maximize your exit.
2. Review Top Experts: Once we've had a chance to process all your business information, we'll share with you, our top choices for investment bankers, M&A attorneys, and tax accountants to help maximize the sale of your business.
2. Review Top Experts: Once we've had a chance to process all your business information, we'll share with you, our top choices for investment bankers, M&A attorneys, and tax accountants to help maximize the sale of your business.
We’ll present each M&A expert’s transaction history, estimated valuation range for your business and their fee structures. Then we’ll talk through the pros and cons of each choice to help you prioritize and make the best decisions.
3. Negotiate & Hire: Finally, when we've narrowed it down to your top choices, we'll negotiate your engagement letter with each M&A expert to make sure fees and terms are fair for everyone. We know what to look for and we know how to keep everyone incentivized for your optimal outcome.
Once your M&A experts have been selected and you’re ready to move forward, we’ll collect signatures and get everyone to work.
