47 min
Lifco: Dentistry, Demolition, and Decentralization Business Breakdowns
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- Investing
This is Zack Fuss. Today we are breaking down Lifco, a Swedish conglomerate recognized amongst a group of notable Scandinavian serial acquirers. Lifco’s business focus is to acquire and develop market-leading niche companies that run independently and are largely self-funded business units. Carl Bennet, the current chairman, is the architect behind Lifco and was the former CEO of the famed Electrolux in the 1980s.
After acquiring a business out of Electrolux with a friend, Carl formed the group that is now today's Lifco. The roots of the business are in the medical sector, specifically dental, but have since grown into a diversified conglomerate as an acquirer of dental instruments, demolition equipment, and a wide array of specialized industrial businesses.
I'm joined by Adnan Hadziefendic, a portfolio manager at REQ Capital. We discuss the company’s clear philosophy centered on constant long-term growth, a focus on profitability, and an intentionally decentralized organization. Please enjoy this breakdown of Lifco.
Register for the Business Breakdowns x Founders Conference.
For the full show notes, transcript, and links to the best content to learn more, check out the episode page here.
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This episode is brought to you by Public: Invest in stocks, bonds, options, crypto, and more in one place. A High-Yield Cash Account is a secondary brokerage account with Public Investing, member FINRA/SIPC. Funds from this account are automatically deposited into partner banks where they earn a variable interest and are eligible for FDIC insurance. Neither Public Investing nor any of its affiliates is a bank. US only. Learn more at public.com/disclosures/high-yield-account.
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Business Breakdowns is a property of Colossus, LLC. For more episodes of Business Breakdowns, visit joincolossus.com/episodes.
Follow us on Twitter: @JoinColossus | @ReustleMatt | @domcooke | @zbfuss
Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com).
Show Notes
(00:00:00) Welcome to Business Breakdowns
(00:05:27) Lifco's Business Model and History
(00:06:29) Core Segments of Lifco’s Business and Acquisition Strategy
(00:07:14) Carl Bennett's Role and Lifco's Evolution
(00:09:53) Lifco's Turnaround and Expanding Outside of Dental
(00:13:47) M&A Strategy and Integration
(00:16:53) Lifco Playbook for Post-Acquisition
(00:22:41) Decentralization as Paramount to the Lifco Culture
(00:28:02) Aligning Incentives Across Acquisitions
(00:34:31) The Recent Leadership Transition
(00:38:56) Lifco’s Capital Allocation Strategy
(00:41:10) System Solutions and Future Growth
(00:47:37) Lessons from Breaking Down Lifco's
This is Zack Fuss. Today we are breaking down Lifco, a Swedish conglomerate recognized amongst a group of notable Scandinavian serial acquirers. Lifco’s business focus is to acquire and develop market-leading niche companies that run independently and are largely self-funded business units. Carl Bennet, the current chairman, is the architect behind Lifco and was the former CEO of the famed Electrolux in the 1980s.
After acquiring a business out of Electrolux with a friend, Carl formed the group that is now today's Lifco. The roots of the business are in the medical sector, specifically dental, but have since grown into a diversified conglomerate as an acquirer of dental instruments, demolition equipment, and a wide array of specialized industrial businesses.
I'm joined by Adnan Hadziefendic, a portfolio manager at REQ Capital. We discuss the company’s clear philosophy centered on constant long-term growth, a focus on profitability, and an intentionally decentralized organization. Please enjoy this breakdown of Lifco.
Register for the Business Breakdowns x Founders Conference.
For the full show notes, transcript, and links to the best content to learn more, check out the episode page here.
-----
This episode is brought to you by Public: Invest in stocks, bonds, options, crypto, and more in one place. A High-Yield Cash Account is a secondary brokerage account with Public Investing, member FINRA/SIPC. Funds from this account are automatically deposited into partner banks where they earn a variable interest and are eligible for FDIC insurance. Neither Public Investing nor any of its affiliates is a bank. US only. Learn more at public.com/disclosures/high-yield-account.
-----
Business Breakdowns is a property of Colossus, LLC. For more episodes of Business Breakdowns, visit joincolossus.com/episodes.
Follow us on Twitter: @JoinColossus | @ReustleMatt | @domcooke | @zbfuss
Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com).
Show Notes
(00:00:00) Welcome to Business Breakdowns
(00:05:27) Lifco's Business Model and History
(00:06:29) Core Segments of Lifco’s Business and Acquisition Strategy
(00:07:14) Carl Bennett's Role and Lifco's Evolution
(00:09:53) Lifco's Turnaround and Expanding Outside of Dental
(00:13:47) M&A Strategy and Integration
(00:16:53) Lifco Playbook for Post-Acquisition
(00:22:41) Decentralization as Paramount to the Lifco Culture
(00:28:02) Aligning Incentives Across Acquisitions
(00:34:31) The Recent Leadership Transition
(00:38:56) Lifco’s Capital Allocation Strategy
(00:41:10) System Solutions and Future Growth
(00:47:37) Lessons from Breaking Down Lifco's
47 min