Mergers and acquisitions in property restoration with Mark Springer

The DYOJO Podcast LIVE Episode 52 from Thursday, March 11, 2021 at 9am PST

The DYOJO Podcast is sponsored by iRestore Restoration Management Software - Powering Your Vision, Values, and Leadership. It's time to calm the chaos, get your team organized, and focus on your efforts for growing your business. iRestore offers all Job Management, Relationship Management (CRM), Equipment Management, Vehicle Management, Human Resources, and Scheduling all in one portal.

GUEST 1:
Joyce Gabriel, Senior Project Manager (Puyallup, WA)
Joyce discusses the two books from The DYOJO as well as some great perspective on learning how to interact with your co-workers to achieve shared objectives.

GUEST 2:
Mark Springer, CEO of Dayspring Restoration
President of Restoration Industry Association (RIA)


TOPIC:
Property Restoration Trends: Mergers and Acquisitions

• What is private equity’s (PE) role in property restoration acquisitions?
  
• What is the significance of fragmentation in restoration acquisitions?
  
• The Big M&A Deals, the package deals, and teaming up within the industry
  
• The impacts of consolidation
  
• How do you build a company that is sell-able even if you don't plan to "sell-out"
  

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We broke for a note from our sponsor iRestore and a special treat from the marketing powerhouse duo of Born to Repair and GMS Distribution.

Mark Springer shared some valuable perspectives for the everyday restorer:

• Build a strong foundation starting with clearly identifying your organizational OBJECTIVES. Know your numbers and develop your exit strategy long before you ever plan to leave.
  
• READING LIST: Mark recommended the book Scaling Up by Vern Harnish who will also be the keynote speaker at the RIA Convention 2021.
  
• Mark discussed various investment strategies including De Novo (organic) and Arbitrage (bundling) and his process for deciding to team up with Trinity Hunt.
  
• Mr. Springer shared some additional insight to how their team operates, in particular how they use resources such as SWOT to determine whether to push through with an idea that doesn't appear to be working as well as when to scrap an effort.
  

The DYOJO Podcast - the weekly podcast for Intentional Restorers. Every Thursday at 9am PST on YouTube, Apple, and Spotify. Sharing The DYOJO WAY to shorten your DANG learning curve for professional development. www.thedyojo.com/listen