Bill Windsor Sold His Publishing and Trade Show Companies in 1981.

In 1981, Don Gandy asked to have dinner with William M. Windsor.  Don was the CEO of a company that was acquiring businesses in the imprinted sportswear industry.

At Alaman’s Mexican restaurant in Dallas, Don wrote something on a little piece of paper and put it in the center of the table.  He told me to take the paper and look at it ONLY if I was interested in selling my imprinted sportswear magazines, trade shows, and conferences.

I had never thought about selling.  I had never considered what the business might be worth.  We were doing $6 million in revenues at the time.

I asked how many zeros were after the range of numbers written on the paper.  I decided I was interested in selling.

Rather than sell to Don Gandy, I hired a publishing consultant, Mark Schrimpf, to do a valuation and seek buyers.  Three large U.S. publishing companies were interested, and I sold to Gralla Publications in October 1981.

I retired.  That lasted for less than a year.

 

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