Cindy Fischer
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We have owned a business that provides cloud-based IT solutions for nearly 20 years. When it came time to explore selling our company, we knew exactly who to reach out to since we had been discussing the prospect of a sale with Randy Krivo for more than 8 years. Randy has always been there as a sounding board and has been willing to offer us advice throughout our relationship. Randy never made us feel like a burden (for seeking his guidance on how to position and value our business) or any pressure to sell sooner than we were ready. So, when it came time for the actual sale process to begin, it was of great comfort to know exactly who we wanted to work with. The process is harder and more complicated than we could ever have understood. I cannot express how much we appreciated having Randy and True North/Sunbelt on our side throughout this process. Our already high expectations were not only met but exceeded. Randy&#;s knowledge and experience were so incredibly valuable throughout this process that I absolutely recommend Randy and his organization to anyone who is contemplating the sale of their business. Thank goodness we had him to guide us through our business transaction.
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Thanks Carbidebob, here is one of my experiences. About 10 years ago, I was foreman of the CNC's of a shop and there was a foreman of the manual side. We were buying new 0.5" carbide end mills for about $60, the manual foreman would get them reground for $30 and reuse them. No problem until he talked to the owners about CNC using them. I am up for anything, I tried them and reported they were losing the company money. They would run for about a quarter of the time a new one would if you just popped one in on a job, not only that they were different sizes, some were 0.477 and some would be 0.460 or 0.440. Each time you would have to offset the radius of the tool, run and have to rerun to make to size, costing major money. If you wanted the new ground end mill to do decent it took a bunch of fiddling with speeds and feeds. It took several months for the owners to get the idea that saving $30 can cost you hundreds. We stopped regrinding them even the manual foreman was directed that way, the manual machinists were unhappy with them too, but he insisted we finish off the stock of hundred or so regrinds so the manuals finished them off. He had a bunch of spade drills that ended up the same way. I've tried factory regrinds from Kennametal for carbide drills but didn't find them worth the hassle, the cost - the mailing - increased problems with oversize or early breakage - some would be much shorter so they couldn't be just popped in - for production it just didn't fit well. The way I see it for any real production the cost of regrinding is very high. I've known many manual machinists that love to regrind, but I don't feel it is worth it in productivity loss - when you could just shift over a known amount and nail a width on a groove, why would you want to cut check cut, and the loss when you spend the few minutes grind check grind the insert is time you aren't cutting steel.
My thoughts on it.
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