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Matt Fox on Selling Recruitment Businesses, Buy-and-Build & Why More Founders Are Looking to Exit

35 minWatch on YouTube (opens in a new tab)

About this episode

Nitin speaks with Matt Fox, Founder of Exitus Advisory, about selling recruitment businesses and navigating the M&A market. Matt explores why more founders are considering exits, current buyer appetite despite economic uncertainty, and how valuations and deal structures work. The discussion covers what makes recruitment businesses attractive to acquirers, common mistakes founders make when preparing for sale, and how issues like debt, compliance and operational challenges impact deals.

Beyond transaction mechanics, the pair discuss founder burnout and shifting priorities. Many business owners are moving away from chasing higher valuations towards focusing on lifestyle, financial security and stress reduction. Matt provides practical guidance on preparation, due diligence transparency, the role of specialist M&A advisors, and whether now remains a good time to sell. Whether considering an exit, exploring growth through acquisition, or understanding recruitment M&A, the episode offers market insight and actionable advice.

Key takeaways

  • Buyer appetite for recruitment businesses remains strong despite economic uncertainty and ongoing market volatility.
  • Founders increasingly prioritise lifestyle and financial security over maximising valuations, reflecting changing definitions of success.
  • Operational issues, debt, compliance problems and poor due diligence preparation commonly derail deals or reduce valuations.
  • Specialist recruitment M&A advisors provide more value than generalist business brokers when navigating exit transactions.
  • Buy-and-build groups evaluate acquisitions on specific criteria that founders should understand before approaching the market.

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