Joe Covey is a serial CEO, acquirer, NYC-based entrepreneur, and investor with a proven track record in acquiring and operating education-focused companies. Since 2008, Joe, along with his business partner Matthew Davidge, has acquired six companies and sold five of them through their holding company, Interactivation. Earlier, he worked with two VC-backed technology firms that were acquired. Joe mentors entrepreneurs via Bolster and Visible Hands, and supports nonprofits including Tackle Kids Cancer, WhyHunger, and the Jazz Foundation of America.
In big companies, some business units may not perform well and might be overlooked. It can be helpful for the company to find a more suitable owner for these units. At the same time, buyers can take advantage of these opportunities to improve their businesses and maximize their potential. In this episode, we will explore the experiences of Joe Covey, a successful CEO, acquirer, and investor, and Matthew Davidge, co-owner of NBC Affiliate WVNC, as they buy and develop these businesses with the goal of exiting in the future.