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Kevin Tawil

๐Ÿ‘ค Speaker
See mentions of this person in podcasts
1363 total appearances

Appearances Over Time

Podcast Appearances

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

So Chuck came with the company, he had led the company, and he was going to come in and partner with Brett and I as really a truck guy in terms of managing the business.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

And once his management team saw

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

that he was in, we were aligned, everything else fell into place.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

It made all the other decisions easier.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

And we knew how we were going to integrate these two companies.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

It was going to happen day one.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

So the day the deal closed, we had the org chart set out.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

We brought in every manager one-on-one.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

Brett and Chuck and I spoke to each of the individually.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

You're in this slot, you're in this slot, you're in this slot.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

A few people didn't have slots and those were tougher conversations, but we made them.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

And so we got the org structure done day one and it took a couple of weeks, but we got alignment on the approach we were going to take.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

Part of it was operational, which wasn't as important, but it was really a client management getting aligned to that.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

And basically the big win was taking their client base online.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

and converting it to our business model, and doing that sequentially, and that served to generate increasing amounts of EBITDA over the next few years.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

It was a pretty seminal transaction for us.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

Now, we would have loved to have been able to purchase a company for $200 million a few years earlier and gotten these synergies sooner, but...

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

It was a huge win for certainly the shareholders, company, and I think for customers and the carriers because we became a stronger partner to the carriers and we're able to offer more services over time.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

That was our first large transaction since TA.