DiscoverBusiness BreakdownsLifco: Dentistry, Demolition, and Decentralization - [Business Breakdowns, EP.168]
Lifco: Dentistry, Demolition, and Decentralization - [Business Breakdowns, EP.168]

Lifco: Dentistry, Demolition, and Decentralization - [Business Breakdowns, EP.168]

Update: 2024-06-05
Share

Description

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

Comments 
loading
In Channel
loading
00:00
00:00
x

0.5x

0.8x

1.0x

1.25x

1.5x

2.0x

3.0x

Sleep Timer

Off

End of Episode

5 Minutes

10 Minutes

15 Minutes

30 Minutes

45 Minutes

60 Minutes

120 Minutes

Lifco: Dentistry, Demolition, and Decentralization - [Business Breakdowns, EP.168]

Lifco: Dentistry, Demolition, and Decentralization - [Business Breakdowns, EP.168]

Colossus | Investing & Business Podcasts