MidBridge
MidBridge is an investment firm focused on buying businesses from owners looking to retire.
03/02/2024
🚀 Ready to elevate your business to the next level? Dive into our 'Grow Your Business: 6 Simple Steps' playbook!
🌟 Whether you're starting out or scaling up, these easy-to-follow strategies are your key to unlocking success.
Let's build something great together!
10/23/2023
When Investors look for companies to invest in, they typically find the following things attractive:
1. Does the company have contracts in place?
- What makes waste collection companies valuable is their contracts. Make sure you have long term, monthly recurring contracts with terms.
2. Does your contract have 36 month terms in place? A new buyer will value your waste business with a higher valuation if you have long term, 36 month contracts with customers that are difficult to break.
3. Lots of customers
Make sure your business isn't reliant on a handful of clients. The more diversified your customer list is, the more money you'll get for your company.
4. Leadership team
Ensure you have a strong general manager and a support staff that can run the business without you there. A lot of businesses make money, but having a sellable company, you need to replace yourself in the day-to day to get a higher valuation.
5. Marketing & sales process
Waste collection businesses are mostly based upon word of mouth. This is a great way to drive sales, however, for a new owner, they will value the business if you have an automated revenue system in place, without having to rely on key employees or owner-operator relationships.
6. Know thy numbers
Make sure you have a deal room set up with clean financials with forecasts. It will communicate to the buyer that you know your business and can have a conversation about the financials (good and bad).
7. Don't hide the warts!
Every business has issues. Don't feel embarrassed about things that have gone wrong. Turn this into an opportunity for a new owner with a better operating system to add value immediately after the sale.
10/20/2023
Coastal Waste expands in Florida with multiple waste, recycling acquisitions.
Read the article below from Waste Dive
Coastal Waste expands in Florida with multiple waste, recycling acquisitions The Macquarie-backed company’s acquisition of S&S Waste, In & Out Portables and AFS Recycling broadens its services and allows it to increase the amount of waste it processes internally.
10/05/2023
Plan for these upcoming waste and recycling conferences
https://www.wastedive.com/news/conference-calendar-waste-recycling-wasteexpo-2023-2024/695505/
09/28/2023
Casella completes $219M acquisition of Twin Bridges
The deal includes two hauling operations, a new MRF and a transfer station in the Albany, New York area. Casella also purchased another New York hauler, Taylor Garbage, in August.
https://www.wastedive.com/news/casella-completes-acquisition-of-twin-bridges-new-york/692689/
09/26/2023
MidBridge
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10 Floor Bankers Hall West, 888, 3rd Street. South West, Suite 1000
Southwest Calgary, AB
T2P5C5