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Acquiring a $2.5m pallet manufacturer was Michael Kelker's first step to building a legacy business for his family.
Topics in Michael’s interview:
- Self-funded vs. traditional vs. independent sponsorship
- Carrying on his family legacy in manufacturing
- His goal of having control over his work
- Acquiring a custom pallet manufacturer
- Getting the deal done during Covid
- Challenges with the appraisal
- Navigating the lumber price surge
- Hiring a banker as CFO
- Learning from his employees and customers
- Optimism despite pallet industry downturn
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