E-270 - Selling Your Business - EBITDA is "Bullshit Earnings" - "The Pipeline Podcast" With Scott Jennings
Welcome to my LinkedIn Newsletter "The Pipeline Podcast'' that features an entertaining and educated discussion on a variety of topics in the heavy/civil construction industry including pre-construction, estimation, construction management, claims, legal assistance, surety assistance, professional services, and general construction and engineering education.?
I'm your host, Scott Jennings, a civil engineer by education, a certified professional, and a heavy/civil builder by experience. I've spent over three decades in the construction industry in management and ownership roles, and today, I continue to assist companies and agencies in the industry with day-to-day operational needs, construction management, and legal challenges that may come their way.
I have been delivering content on The Pipeline Podcast since May 2018, on topics that I’m passionate about, all designed to help contractors, designers, owners, insurance carriers, and sureties with construction matters. Past episodes can be found on my website,?sjcivil.com , as well as on?Spotify ,?Google Podcast ,?and?Apple Podcast . Having already hosted more than 200 episodes, you will surely find a wealth of information on topics of interest to you!?You can read, or print out and post in your office kitchen, each of our episodes by going here:?sjcivil.com .
Now, from the 223rd episode onwards, I am happy to bring along this LinkedIn Newsletter too. The idea is to better connect with the industry as a whole and cover a multifarious range of topics of interest. Being on LinkedIn I'm sure will help me get more feedback from you as well as get insights on topics that you would like me to cover in the future.
Subscribe and join me each week to learn about construction consulting and methodologies in The Pipeline Podcast.
The Pipeline Podcast
Episode 270 - November 1st, 2023
Selling Your Business - EBITDA is "Bullshit Earnings" - With Scott Jennings
In this episode of The Pipeline Podcast, Scott shares the basics of selling your construction business. As usual, Scott does it from a firsthand basis, having explored this process himself with his own company. EBITDA and various valuation methods play a role, but even this hard number is subjective. Finding a buyer can be done by approaching competitors, selling to employees, or using a merger and acquisition company. The costs of selling, including financial scrutiny and professional fees, are highlighted. Preparing for a sale requires clean books, diversified clients, technology upgrades, and a strong management team in place. The selling process can take 45 days to six months. Scott also mentions his current company’s involvement in matchmaking for buyers and sellers.
I hope you find this episode as informative and as exciting as we have. Please let us know your thoughts about the episode!
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THANK YOU for listening to another episode of “The Pipeline Podcast”, with me, Scott Jennings, your host. I'll continue to provide the information you want and need about heavy/civil construction.
Tune in again as I deliver content on topics that I’m passionate about, all designed to help contractors, designers, owners, insurance carriers, and sureties with construction matters. With hundreds of construction and engineering projects under my belt, from coast to coast and in Hawaii, my firm and I are equipped to assist you in matters of claim preparation and support, professional engineering services, preconstruction services, project management, and litigation support. Thank you for subscribing and listening. We’ll see you again next week!?