In this episode of Bundy Group Insights, Clint Bundy celebrates the 35th anniversary of Bundy Group by kicking off a two-part interview with Bundy Group Founder, Bill Bundy. They discuss the firm’s origins, starting in Roanoke, Virginia in 1989, when Bill made the transition from consulting to entrepreneurship. Bill recounts his early years building the company, overcoming challenges such as limited capital and the difficulties of hiring commission-only brokers. He also reflects on how his family’s background influenced his entrepreneurial spirit in business.

As the conversation progresses, Bill and Clint explore the evolution of Bundy Group from a business brokerage model focused on small, local deals to an investment banking firm with industry specialization. They emphasize the importance of client service, persistence, and learning from past experiences, all of which contributed to the firm’s long-term success.

Key Takeaways:

• Bundy Group was founded in 1989 in Roanoke, VA by Bill Bundy, inspired by his entrepreneurial family.
• Early challenges included limited capital, finding commission-only brokers, and securing small deals.
• The first deal closed by Bundy Group was a $5,000 commission from selling a division of a printing company.
• Over time, the firm transitioned from a business brokerage model to an investment banking model with a focus on specialization.
• Client service, persistence, and capital adequacy were critical factors in the company’s success and evolution.
• Bill Bundy stresses the importance of advising clients on the best timing for taking their business to market for optimal outcomes.

Be sure to tune back in on Tuesday, October 1st, for part 2 of Clint's conversation with his dad, and Bundy Group Founder, Bill Bundy.

Learn more about the Bundy Group by visiting bundygroup.com.