Mergers & Acquisitions – They say selling a business is an art – we’ve turned it into a science
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In this episode of M&A Talk, Marc Beginin shares his rollercoaster entrepreneurial journey. In early 2020, he was poised to sell his company for $80 million, but the COVID-19 pandemic abruptly halted the deal. Undeterred, Marc navigated through a series of challenges, including a merger, an acquisition, and a costly oversight on the other party’s side. He reveals how these experiences ultimately led him to launch a brand-new business. Join Jacob and Marc as they discuss the resilience and adaptability required to thrive as an entrepreneur in the face of unexpected setbacks.
“Be nice to people on the way up, because you’re going to see them on the way down.”
Marc Beginin
| How important is focus and learning in entrepreneurship? [1:00] | |
| How did you go from an $80 million deal to adapting to COVID? [5:58] | |
| How do you go about merging two companies in the cannabis industry? [18:25] | |
| What was the process for being acquired by a public company? [36:34] | |
| What happens if you don’t have a non-compete clause? [42:50] | |
| What happened when someone suggested a hostile takeover? [48:22] | |
| What changes should we expect in the Cannabis industry? [57:54] |
Marc Beginin is the Founder and CEO of Prodigy Processing Solutions. He founded Precision Extraction Solutions with a $45,000 investment in 2014, growing it to $40 million in revenue by 2019, making it the largest player in the extraction equipment space. Following the strategic sale of Precision to Agrify Corporation for over $50 million, Marc launched Prodigy Processing Solutions, swiftly establishing it as an industry leader through innovative strategies and a focus on advanced technology.
We invested over a decade perfecting every step of the process. The result is a method proven to reduce your risk and maximize your price.
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You’ve invested your blood, sweat, and tears into an enterprise that has provided for you, your family and your employees. The moment has finally come for you to start a new chapter in your life. Explore your options now.
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