Fri, 18 June 2021
In this episode, Hall welcomes John Dalton, Managing Partner at Industrial Device Investments (IDI).
Headquartered in Knoxville, Tennessee, IDI invests in manufacturers of industrial devices, sensors, machinery, and instruments. More specifically, they prefer specialty product companies that have $5 - $50 million in revenue, $1 - $6 million in earnings, strong technical features such that "use expertise" is value-added, the opportunity to improve by stronger strategic focus and strong operational execution, but not turnarounds, and segments where technology and innovation can drive sustainable advantage.
John is a three-decade industrial products veteran with experience in all company functions and as a private equity investor with SouthPointe Ventures in Atlanta. John’s past experience began with General Electric and Black & Decker and includes senior leadership and ownership positions with smaller organizations focused on unique technologies within basic industries. He holds a B.S. in Mechanical Engineering from Cornell University and an M.B.A. degree from the University of North Carolina. Dalton and his wife Sandy live in Knoxville, with their five children: Mark, Chris, Ari, Connor, and Krystin, and are active attendees at Two Rivers Church.
John mentions some good opportunities for investors to pursue. He also shares his investment thesis and some of the challenges entrepreneurs face.
You can visit Industrial Device Investments at www.idinvest.net, and via LinkedIn at www.linkedin.com/company/industrial-device-investments/about/.
Music courtesy of Bensound.