How Long Does It Take to Get a Business Ready to Sell?

“I’m ready to sell” and “my business is ready to be sold” are two different sentences. Clint Overton & Ted Stann explain why the best offer tends to arrive unannounced, what a strategic buyer will pay up for, & the reporting cadence that keeps an owner ready for the day they do not get to choose.

What Moves Your EBITDA Multiple Up or Down

Every industry has a “generic” multiple, and almost nobody actually gets it. Clint Overton and Ted Stann break down the stair step from revenue to EBITDA, the handful of factors that push a buyer’s multiple up or down, and why a 20% margin business and a 30% margin business at the same revenue are already worlds apart.

Enterprise Value vs Equity Value: What Your Business Is Actually Worth

Most owners can quote their revenue to the dollar and could not tell you their equity value within a million. Clint Overton and Ted Stann of Boardroom Bullpen walk through the actual math, from EBITDA and the industry multiple to the cash, debt, and owner compensation adjustments that decide what you take home.

Boardroom Bullpen Welcomes Tiffany Panitzke as Senior Advisor, Private Equity Solutions

Newly created role expands Boardroom Bullpen’s ability to help Private Equity and Independent Sponsor partners translate investment priorities into operating capabilities and measurable value creation. Boardroom Bullpen is pleased to announce that Tiffany Panitzke has joined the firm as Senior Advisor, Private Equity Solutions, a newly created role designed to further strengthen the firm’s support […]

Repeatable Revenue: The Financial Proof Investors Actually Fund

There is a version of a growth plan that reads well and funds nothing: a forecast with a rising line, no explanation of what produces it, and an implicit promise to return in twelve months for more. Episode 17 of Call to the Bullpen is about the alternative, and about the specific piece of financial […]

When Should a Growth Company Bring In Board-Level Expertise? Before the First Check

Most founders think of board-level expertise as something that arrives with institutional money, installed by the investor as a condition of the round. By then, several of the decisions a board would have weighed in on have already been made. Episode 17 of Call to the Bullpen makes the case for reversing that order. When […]

What Investors Look For Before They Fund You

Most founders start preparing for a raise by building a pitch deck. By the time the deck exists, the questions that decide the outcome have usually already been answered, correctly or incorrectly, months earlier. Episode 17 of Call to the Bullpen is about that earlier work: the unglamorous preparation that determines whether an investor meeting […]

Why Private Equity Is Betting Big on Operating Partners Post-Acquisition

An operating partner in private equity is an experienced executive — often a former COO, CEO, or turnaround leader — who works inside portfolio companies to drive the value creation plan: professionalizing operations, building processes and KPIs, upgrading talent, and preparing the business for the next horizon. And right now, PE firms are leaning into […]