Welcome to the Keeping It Local podcast, powered by First Federal Bank. In this episode, host Richie Burke explores the challenges and opportunities of buying and selling a business with Brian McManus, Chief Banking Officer at First Federal Bank, and two business owners, Kevin Seiberlich and Buddy Robinson, who recently acquired the manufacturer Fabricated Metal Products.
Kevin and Buddy discuss their journey of searching for the right business and the process they went through to acquire Fabricated Metal Products. They talk about the qualities they look for in a company and how they assess its potential for success. They emphasize the importance of tangible products, a strong balance sheet, dependable cash flow, and the integrity of the organization. The team also discusses the crucial role of assembling a professional team, including accountants, attorneys, brokers, and insurance agents, to ensure a successful transition.
Tune in to this insightful episode of the Keeping It Local podcast to gain valuable insights into the world of buying and selling businesses and learn from the experiences of Kevin Seiberlich and Buddy Robinson.
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