Case Study #5: Don’t Be Lopsided

In 1994 Rick Day founded Daycom Systems.  It started by selling used telecom equipment, but over a 17-year period it became the largest Avaya-authorized telephone equipment dealer and installer on the US West Coast.  It did $23M in annual revenue, between 4 locations,...

Case Study #4: The Phantom Buyer

Years ago Trent Dyrsmid was one of the principals of Dyrand Systems, a Vancouver-based IT firm. He managed to build the company to $1.2M in revenue before a series of events forced a sale…and to a party he never expected. Where they started Like many IT firms...

Case Study #3: The Boomerang Sale

In 1986 David Phelps started a dental practice called the Gentle Dental. 20 years later, for a number of reasons, he decided to sell. But before six months had passed, he was in litigation to reacquire the business, and 24 months after that, he sold the business...

Case Study #2: What to Be Aware of in an Earnout

In 2012 Jason Swenk sold his digital advertising agency, Solar Velocity. Solar velocity helped with websites and web applications for brands like Aflac, Coke, and LegalZoom. At the time, he took 50% of the sale in upfront cash and took the remainder in a 50% earnout....

Case Study #1: Build, Acquire, Roll-up, and Sell Out

Case Studies is a new series here at the APEX blog.  We study business exits and break down a few key points for you to keep in mind.  This month’s selection comes from the sale of Appletree Answers. How it started John Ratliff started Appletree Answers in 1995 in a...