A talk on what makes acquisitions succeed. Buyers want capital efficiency and strong returns on investment, not just growth at any cost. Profitability matters more than chasing scale.
Well, the name of the game today with acquisitions really is about capital efficiency and profitability. And so the first thing is increase your, your profit and or revenue. So increasing your profitability or your growth rate or ideally all three. And that really adds so much value to a buyer because that's what they're looking to acquire is a capital efficient businesses. The growth of the growth at all cost days are kind of over. Unfortunately, people do not want to acquire businesses where you're spending $3 to get $1 back. They want to see businesses where you're spending $1 and getting $5 back.