Welcome to the “Show Me The Way” podcast with David Seitter
In this episode of “Show Me The Way,” Dave sits down with Matt Slawson, VP of Special Projects at Atlantic Southern Paving and GM at Paradise Paving Maintenance, to discuss the challenges and rewards of both buying and selling businesses, the impact of integration, and the ever-evolving landscape of the construction industry.
Ep. 33 — The Art of Buying, Selling, and Integrating Businesses with Matt Slawson
To start the episode, Dave asks Matt to quickly recap his personal and professional journey. Matt starts from his early education in civil engineering to his transition into computer science and eventually finding his passion in the construction industry.
Matt shares his experiences of working in the concrete and asphalt maintenance sectors, emphasizing the challenges and rewards of owning and managing his own businesses. He highlights the importance of timing in business decisions and discusses his transition from being a seller to a buyer and then back to selling. Matt also touches upon the mindset shifts and the weight of responsibility that come with being an owner.
Reflections on Business Growth and Integration
Throughout the episode, Matt provides valuable insights into the world of mergers and acquisitions, particularly in the construction industry. He discusses the impact of market conditions, private equity investment, and technological advancements on the industry. He highlights the need for businesses to adapt to change, especially with the increasing presence of electric vehicles and autonomous driving technology, which can significantly impact pavement maintenance and construction.
The Importance of Business Succession Planning
As the conversation progresses, Dave and Matt explore the challenges and opportunities of business integration during the buying and selling processes. They stress the significance of effective communication, transparency, and trust between the parties involved. Matt also advises business owners to consider alternatives and thoroughly assess their options before making decisions.
The episode concludes with Dave and Matt discussing the future of the industry and Matt’s plans for the coming years. Matt expresses his desire to continue learning and growing, both through consulting and acquiring more companies. He recognizes the value of staying informed about technological advancements and market trends and emphasizes the importance of having a solid business succession plan.
This episode serves as a valuable resource for individuals seeking inspiration, advice, and guidance in navigating the complexities of mergers and acquisitions and business succession planning.
This podcast is provided for educational purposes. It does not constitute legal advice and is not intended to establish an attorney-client relationship. The recommendations contained in this podcast are not necessarily appropriate for every individual or business. In determining the best course of action, business owners should consult with an attorney on their distinct circumstances.