Host Warren Wandling takes you behind the scenes to get to know a variety of leaders and the keys to their success. Discover how leaders overcome their obstacles in order to achieve success. In this episode, Warren introduces you to Eric Standlee.
Episode 035 – Eric Standlee
Eric Standlee, father of three and husband of 23+ years, has built a number of successful companies and a worldwide network. His 17+ companies span 29+ years in finance, oilfield, IT, staffing, manufacturing and utilities spaces. Eric served in the USAF as a cryptologic linguist journeyman Chinese Mandarin. He is happily married to a real life Japanese Samurai Princess. Recently Eric has become an executive producer in feature films as well.
Eric’s family owns a small family office, single family office, that has funded 1000s of companies and billions of dollars in the last 29+ years. Among the 17 companies he owns 6 holding companies buying oilfield services companies, IT services companies, Staffing companies, and manufacturing companies. The small family office funds startups at-revenue, acquisitions for both his family’s holding companies and other buyers as well, and growing firms that could grow faster with the right kind of money at the right time. Eric plans on buying ten billion dollars or more of companies in the next three to five years. Altogether, they can bring a half a billion dollars to the market every month. In the last year, year-over-year growth has grown 10x.
Buyers who use Eric’s family’s money to buy companies bring no money to the table and Eric’s family’s company does due diligence and on approved acquisitions funds 100% of the money needed on a down payment and earnout where the buyer’s entity acquires 100% of the equity of the acquisition and Eric’s family’s company earns a small fee for our money. The funding is then available on-going after the acquisition to assist in the earnout and with any growth needs.
A recent oilfield roustabout welding startup came to us at zero dollars in 2014 and with our funding grew from zero to $240MM in annualized revenue in one year and valued at $500MM and sold in 18 months from start.
In a recent acquisition example a downstream engineering firm used our funding to acquire a $4.9MM valve company. We generated a $1MM+ down payment and they should finish the earnout in just over a year.
In this episode with Eric Standlee you will:
- Understand the greatest obstacle his clients encounter
- Discover the importance of having a vision for your business
- Learn the key strategies that contributed to Eric’s success
- Receive advice to successfully grow your business from his
experience in launching multiple businesses - Discover what authors influenced Eric in his business
To connect with Eric Standlee:
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