Jason Pearsall
๐ค SpeakerAppearances Over Time
Podcast Appearances
And so there were really good synergies for together.
One plus one could equal three because we had the next generation product and they had the majority of the market share.
And so, you know, because the deal was structured right, we set it up so that we both won off of that opportunity of it just made more sense.
And there was the possibility, at least for more upside, you know, by selling to CSI.
Yeah, our revenue was only $450,000 in 2019.
Oh, wow.
Okay.
Yep.
And the...
CSI does a lot of deals, right?
There's 2000 companies and some of those have worked out really well for founders and some of those haven't worked out well for founders.
And it all depends on your position, right?
A company that CSI is likely to buy is a company that has gone through a growth period, started to decline.
The founders are getting tired and likely best practices for running the business weren't installed.
There's opportunity to come and run the business more efficiently and increase earnings and regrow that company with new energy and new investment.
Our situation was a little bit different.
We are the earliest stage company that Constellation's ever acquired.
They only acquired us based off of the synergies between they were the market leader in golf, they needed a solution like ours, and we had it.
And so I have the longest earn out in CSI history.
I don't want to get too far into the details, but I'm incentivized for the long-term success of the business.