In this episode of The Do Diligence podcast by Sleeping Giant Capital, host Derrick McIver sits down with Nick Adamy, Managing Director and owner of Adamy Valuation, West Michigan’s premier business valuation firm.
With decades of experience guiding ownership transitions across industries, Nick shares his perspective on what businesses are truly worth—and why. The episode begins with a deep dive into the fundamentals of valuation: how Adamy approaches the appraisal process, what factors drive enterprise value, and how financial performance translates into real-world outcomes. Nick demystifies concepts like discounted cash flow, EBITDA multiples, and risk-adjusted return, all through candid stories from the frontlines of family business disputes, buyer negotiations, and post-COVID market volatility. The second half of the conversation shifts to a more profound discussion on building lasting value—where culture, leadership, and trust take center stage. Nick unpacks what separates companies that command premium valuations from those that stagnate, emphasizing the importance of process, accountability, and empowering teams at every level. He shares how intentional culture and aligned processes can create a sustainable competitive advantage that survives leadership changes, market shifts, and even generational handoffs.
This is a must-listen for owners preparing for transition, operators building toward long-term success, and buyers navigating the complex landscape of middle-market acquisitions. With real-life examples, sharp insights, and a healthy dose of humility, Nick bridges the gap between hard numbers and human dynamics in a way that’s both practical and thought-provoking.
