Monday Aug 21, 2023

Steven Pettigrew: How buying a distressed business helped to double operations

Distressed business deals can be a quick and high earning way to grow by acquisition. It took Steven Pettigrew 4 days to close a distressed deal and since then has grown a business of 80 people.

In this episode Steven gives his insights into how to grow through distressed acquisition deals, managing seller relationships, and the strategies behind industry deals.

Steven Pettigrew is an entrepreneur with over 13 year’s experience across multiple industries. He has been involved in M&A since 2014 which opened up an exciting new chapter in his career. He also works with a select group of joint venture partners, allowing him to be dynamic in his approach with business owners in order to achieve a win-win scenario for all parties.

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“If I were to do it again, I would acquire a business rather than start one” - Steven Pettigrew

Timestamps

01:45 - An introduction to Steven

03:18 - How quickly did the business grow to 80 people?

05:55 - What you need to do a distressed business?

07:06 - Was the seller relationship hard?

07:59 - Was the acquisition planned?

10:48 - Is there a strategy to industry deals?

12:48 - Why did Steven start his own business?

18:52 - Can you utilise staff across acquisitions?

Connect with Steven Pettigrew

LinkedIn - https://www.linkedin.com/in/steven-pettigrew/