They Got Acquired - All stock, 6-figure deal

November 12, 2024
​Read on web​

Depending on its industry and trajectory, a startup generally takes years to go from founding to exit.

So how did Home Sale Assured founder Eric Meadow manage to do it in just one year?

We share the story of this real estate startup that sold in an all-stock deal:

​This real estate startup was less than a year old when it sold in an all-stock deal​

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How they knew this buyer was the right fit

When you’re a business owner faced with multiple buyers reaching out about your company, it can be challenging to discern which one, if any, is right for you.

That was a situation Sean Biganski and his co-founders found themselves in for years prior to selling their Florida-based telecommunications software company, BeQuick.

Biganski founded the business, an operational software platform for telecommunications companies, in 2002 with his wife, Gissela Biganski, and in-laws, Christel Reinoso and Steve McIntosh. They sold the business to Banyan Software in December 2022.

While they never actively sought out to sell BeQuick, Biganski said the company’s early success and recognition — such as being on the Inc. 5000 list — attracted the attention of potential buyers.

“Several years in, unsolicited offers to buy the company started to come in,” Biganski said.

Biganski received emails about once a month with offers to buy the business, he said in an interview with Banyan Software. A couple seemed enticing but didn’t pan out in the end.

“We got all the way through to due diligence at least twice in the past, but those processes felt more like a bait-and-switch as we got closer to what would have been a closing,” Biganski told Banyan. “That made us skeptical about anybody that would come knocking on the door.”

Here’s how they knew this buyer was the right fit:

​This family-run software business sold after 20 years in business​

👉🏽 Behind the business (of TGA)

We'd like to write more stories about acquisitions that happened *this year* for They Got Acquired.

If there's a founder you want to see celebrated or a deal you'd like to read about, reply and let us know!

Or if you've sold your business and are willing to share what you learned with others, get in touch.

See you next time,

Lexi Grant
Founder & CEO
​They Got Acquired​