By focusing on the right metrics, like cash flow and enterprise value, and combining these with the right strategies and use of capital, Kevin McArdle was able to quit corporate America and buy a couple of small online businesses that he snowballed into a portfolio of 38 highly profitable SaaS companies doing eight figures in revenue. Tune in to hear how he did it and what Kevin and SureSwift Capital are doing to take their growth to the next level.
Kevin McArdle is the co-founder and CEO of SureSwift Capital, which acquires SaaS businesses from independent founders and takes them to the next stage of growth. They acquired 38 businesses within five years and recently completed the raise of their first private equity fund for their next investment.
Kevin’s passion for personal relationships and driving business results are at the heart of SureSwift’s impressive growth to date. Prior to founding SureSwift, Kevin was a Vice President at Cerner Corporation, a global Healthcare IT firm. In his 15-year tenure at Cerner, Kevin held positions in sales, sales leadership, operations, general management, and client management, eventually becoming one of the youngest Vice Presidents in the company’s 35 year history.
11:15 - “We’re buying businesses that are inherently riskier than a brick-and-mortar business. There are no assets to be auctioned off.” – Kevin McArdle
12:22 - “Buy-and-hold is a strategy for us, it’s not a religion.” – Kevin McArdle
19:04 - “Being burned once or twice are always good lessons. Making mistakes are always good lessons. Working has really taught me more than just sitting in a classroom and learning about business.” – Kevin McArdle
23:30 - “There’s this odd segment of the world-wide economy that is massive, yet most people don’t even know it exists.” – Kevin McArdle
30:10 - “The profits of that business should fund that business.” – Kevin McArdle
34:50 - “Acquisitions are very much a team sport.” – Kevin McArdle
35:35 - “The smartest owners know to start replacing themselves.” – Kevin McArdle
39:25 - “My vanity metric is cash flow” – Kevin McArdle
Twitter: @kevin_mcardle
Mastering Your Cash Flow Digital Course
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