Norm Brod­sky: Sell­ing My Com­pany (Again)

I thought I cashed out. But then the credit squeeze changed my plans By Norm Brod­sky | Sep 1, 2009

Yogi Berra famously observed, while man­ag­ing the New York Mets, that “it ain’t over till it’s over.” Now I know what he meant.

If you fol­lowed the saga of the sale of CitiS­tor­age and my two other com­pa­nies (see “The Offer: Parts One–11″), you prob­a­bly fig­ured — as I did — that I had wrapped up that par­tic­u­lar phase of my busi­ness career back on Decem­ber 21, 2007, when Allied Cap­i­tal acquired a major­ity stake in the busi­ness and I went from being CEO and prin­ci­pal owner to well-paid adviser. Well, not so fast, Kowal­ski. For the past six months or so, I have been work­ing to find a new owner for the records-storage, document-destruction, and deliv­ery busi­nesses I spent most of my adult life build­ing. Along the way, I’ve had a front-row seat to the unfold­ing finan­cial cri­sis, and I’ve seen how and why it has caused the rest of the econ­omy to seize up. I’ve held off writ­ing about the expe­ri­ence out of fair­ness to the other par­ties involved, but we’re now at a point where I feel I can share with you some of the lessons I’ve learned.

To read the whole arti­cle click here: http://www.inc.com/magazine/20090901/norm-brodsky-selling-my-company-again.html

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