I’m looking to acquire some small businesses (3-5 @ <1.2m valuation) and while I have the basics down reading through financials & doing my own valuations, I want to learn more about strategy and structure as well as learn from past mistakes. Anything books come to mind? A lot of the M&A books I’ve found are directed toward M&A teams at large corps, which I am not.
Thanks!
Edit: I’m mostly looking at established semi-local small businesses as owners retire increasingly faster… not messing with asset-less, cashflow-less tech startups.
I dont know what the intent is here but M&A is a matter that requires an expertise in business strategy, finance, federal and state law and tax, besides a good understanding of the business you are acquiring. That is why you need a significant team to make it work.
I would recommend against doing this the amateur way.