E191: Kevin Bibelhausen's Journey in Acquiring a Textile Company and Empowering Entrepreneurs
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Description
Today's Primary Sponsor is Snowball - www.Snowballclub.com - A private community of entrepreneurial investors helping each other. About the Guest(s): Kevin Bibelhausen is an experienced entrepreneur and acquisition specialist. With...
show moreAbout the Guest(s): Kevin Bibelhausen is an experienced entrepreneur and acquisition specialist. With a background in healthcare and technology, Kevin spent several years working in the corporate world before pursuing his passion for buying and owning businesses. He successfully acquired a textile company called Heritage Fabrics and has since been focused on growing and modernizing the business. Kevin is also the co-founder of Fruition Capital, a fund that aims to help entrepreneurs in the search and acquisition process by providing capital and resources.
Summary: In this episode, host Ronald Skelton interviews Kevin Bibelhausen, an acquisition specialist and entrepreneur. Kevin shares his journey from the corporate world to becoming a business owner and discusses his experience in acquiring a textile company. He highlights the importance of cash flow and longevity in businesses and explains how he found the right opportunity in the textile industry. Kevin also talks about the challenges he faced during his first search and the lessons he learned from that experience. He emphasizes the value of building a team and leveraging the expertise of professionals in the acquisition process. Additionally, Kevin discusses his role in Fruition Capital and how the fund aims to support entrepreneurs in raising capital for their deals.
Key Takeaways:
- Kevin's background in healthcare and technology led him to pursue his passion for buying and owning businesses.
- He emphasizes the value of cash flow and longevity in businesses and the certainty they offer compared to startups.
- Kevin learned valuable lessons from his first unsuccessful search, including the importance of building a team and leveraging professional expertise.
- The acquisition of Heritage Fabrics allowed Kevin to bring his technology and operations background to the textile industry.
- Kevin's long-term vision for Heritage Fabrics includes expanding services, such as offering finished products and exploring new markets.
- Fruition Capital aims to help entrepreneurs in the search and acquisition process by providing capital and resources.
- The fund focuses on businesses with $1-2 million in EBITDA and prefers B2B companies that have been in operation for at least 10 years.
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Contact Kevin on
Linkedin: https://www.linkedin.com/in/bibelhausen/
Website: https://fruitioncap.com/
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Author | Ronald Skelton |
Organization | Ronald Skelton |
Website | - |
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