How to Buy a Generational Brand with $20m in Sales
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How to Buy a Generational Brand with $20m in Sales
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Respected consumer brands are not common in lower middle market acquisitions, but Philip Hussey and Chenmark bought one.
Topics in Philip’s interview:
- Chenmark’s acquisition of Thomas Moser
- Leading a furniture business as a non-craftsman
- Chenmark’s hold-forever intention
- Wait times for custom, hand-made furniture
- Long tenure of craftsmen
- Commitment to world-class quality
- Getting away from offering discounts
- Building talent through their woodworker school
- Running a company with a strong legacy behind it
- Downside to owning your manufacturing
References and how to contact Philip:
- Thos. Moser
- Chenmark
Get a complimentary IT audit of your target business:
- Email Nick Akers at nick@inzotechnologies.com, and tell him you’re a searcher
Learn more about Walker Deibel's done-with-you buy-side advisory:
- The Acquisition Lab
Work with an SBA loan team focused exclusively on helping entrepreneurs buy businesses:
- Pioneer Capital Advisory
Connect with Acquiring Minds:
- See past + future interviews on the YouTube channel
- Connect with host Will Smith on LinkedIn
- Follow Will on Twitter
Edited by Anton Rohozov
Produced by Pam Cameron
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