Case | HBS Case Collection | 2012 (Revised from original 2002 version)

Jim Sharpe: Extrusion Technology, Inc. (Abridged)

by H. Kent Bowen

Abstract

Jim Sharpe, 10 years after receiving his MBA from Harvard and working for others, has finally become his own boss and 100% owner of manufacturer of aluminum extrusions. After 10 months of an unfunded search, he acquires the business in an LBO and prepares to face his employees on the first day.

Keywords: Search Funds; search; entrepreneurial management; entrepreneurship; operations strategy; Acquisitions; work/family balance; work-life balance; Unions; union; turnarounds; funding model; LBO; bank debt; Bank loans; Equity Investment; career management; negotiation; Business Model; Change Management; Entrepreneurship; Borrowing and Debt; Banks and Banking; Personal Development and Career; Manufacturing Industry; United States;

Citation:

Bowen, H. Kent. "Jim Sharpe: Extrusion Technology, Inc. (Abridged)." Harvard Business School Case 603-084, December 2012. (Revised from original December 2002 version.)