Working Capital with Ryan Hurst
In this episode of the M&A Source Podcast, host Dave Dejewski is joined by Ryan Hurst, an expert in financial consulting, to discuss the complexities and significance of working capital in mergers and acquisitions.
In this episode of the M&A Source Podcast, host Dave Dejewski is joined by Ryan Hurst, an expert in financial consulting, to discuss the complexities and significance of working capital in mergers and acquisitions.
Key Highlights:
Ryan Hurst's Background: Ryan shares his journey from growing up in a family-owned business to his current role in financial consulting, focusing on helping business owners broaden their perspectives on their companies' potential.
Understanding Working Capital: The episode delves into the multifaceted nature of working capital in M&A transactions. Ryan explains the varying interpretations across different sectors like accounting, valuation, and transaction advisory.
Real-World Scenarios: Ryan provides three compelling case studies, each highlighting different aspects and challenges of working capital in M&A:
- A Complex Transaction: A $60-70 million deal with inventory and project completion issues.
- A Typical Scenario: A $30-40 million consumer products deal illustrating common working capital challenges.
- An Ideal Transaction: A smooth $50-60 million construction-oriented company sale, demonstrating the benefits of thorough preparation and clear communication.
Advice for M&A Intermediaries: The importance of early preparation, understanding working capital, building trust, and staying informed about industry trends is emphasized.
Connecting with Ryan Hurst: Listeners interested in Ryan’s expertise can reach him through RKL’s website, LinkedIn, or his email. See his bio and contact info here.
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*This podcast is brought to you by M&A Source, a nonprofit organization dedicated to the professional development of mergers and acquisitions intermediaries. For more information, visit [M&A Source](www.masource.org).*
The learn more about M&A Source, please visit us at https://MASource.org
Ryan Hurst
Partner / Business Consulting Services Group
Growing up in a family owned business household gave Ryan Hurst a firsthand appreciation for the hard work involved in running a successful company. Over the course of his 18-year career, this perspective proved valuable as Ryan carved out a professional niche of helping owners identify their vision for the future of their businesses and translating that vision into reality.
A Partner in RKL’s Business Consulting Services Group, Ryan oversees the firm’s suite of financially oriented consulting capabilities, including transaction advisory, valuation, litigation, succession planning and forensic accounting. He leads workforce development, client experience and quality control initiatives in these service areas. Ryan also plays a key role in the firm’s Private Wealth continuum of wealth management, tax and advisory solutions for high-net-worth families and individuals.
Ryan is also an in-demand transaction consultant specializing in mergers, acquisitions, succession planning, valuation, employee stock ownership plans and strategic alternatives analyses. He starts every business and ownership transition with a transparent discussion around the owner’s goals and priorities. This approach allows Ryan to deliver the utmost value and earn the trust of his clients during what can be a complex stage in a company’s lifecycle.
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