{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Episode 005: Selling to Private Equity with Jim O\u2019Rourke","description":"In this episode of the podcast, Tammie Miller and Tim Oleszczuk, your hosts, are joined by Jim O\u2019Rourke who is the former president and CEO of A&A Manufacturing. Jim sold to private equity and is sharing in this episode the details about this process, the pros and cons, and how he rolled equity as part of that transaction.   [1:28] Jim shares the main aspects of the transaction. [3:18] Jim shares how they encountered a strategic buyer. [4:01] Deciding to take the private equity road [4:45] Jim shares the basics of the structure coming out of the deal. [5:22] Jim explains how his role changed, from prior to after the transaction. [6:10] The deal was finalized in 2007 and in 2008 the economic crisis shook the financing world, Jim shares his experience during those times. [9:10] Jim shares the particularities of his family business entering private equity. [10:51] Jim talks about enjoying the interactions and the pressure created by transitioning to private equity. [17:17] Jim shares why this was a very successful transaction for him. [18:18] Jim extends his advice to anyone considering selling to private equity.  [18:35] Go into the process with a really strong management team. [19:00] Jim shares how he communicated to his management team that they were selling to private equity and talks about their reaction. [20:54] Jim talks about how employees were introduced to the change of ownership. [23:00] The process of selling a business is incredibly overwhelming on the management team. [26:43] Jim gives his advice to those interested in co-investing as a previous owner. If this topic interests you, check out these other resources:   eBook: The Second Bite of the Apple Blog: \u201cRolling Equity in a Business Sale\u201d Blog: \u201cIf You Own a Business, You Need to Care About Private Equity\u201d Blog: \u201c4 Advantages & Disadvantages of Remaining a Shareholder After an Acquisition\u201d  ","author_name":"Deal Team Six","author_url":"http:\/\/www.tkomiller.com","html":"