How a First-Timer Did a Turnaround (Including an Exit)

Ben Rizzo bought an unprofitable, 4th-generation elevator business then stabilized, doubled, and sold it within 2 years. Topics in Ben’s interview:His wife-funded search in PittsburghSourcing deals through lawyers and accountants vs brokersAcquiring an elevator repair business in distressQuickly making changes after transitionPouring his own money into the company to stay operationalSurviving the challenges of CovidDoubling the business and selling to private equityCalculating the risk of buying a turnaroundBuying a healthy business for his next ventureCompeting with private equity for acquisitionsReferences and how to contact Ben:Hartwood PointLinkedInGet a complementary pre-acquisition HR & PEO review for your target business:Contact mark@aspenhr.com or visit Aspen HRLearn more about Walker Deibel's done-with-you buy-side advisory:The Acquisition LabConnect with Acquiring Minds:See past + future interviews on the YouTube channelConnect with host Will Smith on LinkedInFollow Will on Twitter