
Cameron Passmore discusses his experience selling half of an $8 billion firm and acquiring five more businesses.
Knowing what kind of seller you are turns out to be one of the most important things you can figure out before you ever take a meeting with a potential acquirer. There are three: the transactional seller who wants the money and the door, the transitional seller who wants to land the plane, and the transformational seller who sells to go bigger. Cameron Passmore built one of the largest independent wealth management firms in Canada, roughly 3,000 families and about $8 billion under management, and owned half of it. Most founders in that seat cash out and leave. Cameron sold to OneDigital at 60, and has no intention of going anywhere. He rolled 40% of the deal into equity, and now uses OneDigital's capital, deal expertise , and acquisition currency to buy other firms. He has acquired five and roughly doubled the business in under two years.
Host: John Warrillow
Guest: Cameron Passmore
Organizations: OneDigital
Places: Canada
Explore listener stats, chart rankings, contacts and more on the Built to Sell Radio podcast page.