Burnout drove Woolverton to refuse a multi-year earnout when selling Halo Top
Justin Woolverton · Halo Top Ice Cream: Justin Woolverton · Apr 17, 2023 · at 1:06:47
Halo Top founder Justin Woolverton explains the non-negotiable exit conditions he set when negotiating the acquisition of Halo Top by Wells Enterprises.
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“That was one of my conditions, because like I said, one of the reasons I wanted to sell was that I was just flat out burnt out, and so one of the conditions was, I'm not doing a thing. I mean, I was willing to stay on for three to six months to transition to the next CEO or whatever. But I was like, there's not going to be some two year standard earn out where I've got a boss and I'm sitting there obsessing over our earnings in order to hit a certain earn out. It, that wasn't going to happen.”
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