Our company was a privately held, family owned business with an ESOP retirement Plan. The family said “we are not for sale”. Over the years, they turned down offers from several bigger corporations. All of this changed when they got an offer they could not refuse. The potential buyer was looking at our company to gain our Brand dominate market share in the industry. And a lot of room to expand. They offered “us” double our share price at the time. The buyout doubled my 401k. They invested a lot in our company and we are producing more than ever. There was a lot of moaning and groaning, but the family owned 72% of the shares. Having 25 years with the company and two years til retirement, it was a very positive acquisition for me.
Good points, Dave. What I found interesting is that Mac Baren (through April) was larger than STG, STG being ~75% the size of Mac Baren revenue wise, and purchased them for ~6.3 times EBITDA based on the same period. Not being in the tobacco industry, but working with M&A often in my career, at that multiple it may have been close to an offer they couldn’t refuse. I’m surprised there wasn’t a monopolistic consideration from European governments to be honest. STG’s annual revenue is ~$75mm and bought Mac Baren for the same amount, which means they are counting on Mac Baren’s revenue to remain strong to be able to cover their new debt service (assuming it was financed), all of which means I’d be surprised if the quality were to suffer. In other words, they need the Sutliff/Mac Baren name to remain strong. Just my $0.02, haha. Great video and conversation! Cheers, Alex
Keep it cool, i had some old dark fired in a mason jar for years and a bunch of other blends and lots of them lost most of their flavor after 5-10yrs. The moisture and light exposure and air tightness were all good so i think it was a matter of temperature not being maintained properly over the years. Anyways it turned into good nasal snuff mixed with some lane 1-Q and some other stuff.
WOW!!! Now that’s a serious amount of tobacco Dave 👍 cracking forward thinking 👍 am I dreaming or did you have a Cognac tobacco a while ago? If so have you tried it yet? And if so how was it?
That's 5 years worth in one order.... almost! 😂 you've a lot more behind ye, i think you're near prepped.... The paddock cigar lounge supplies could free a shelf if you decide to place another refrigerator! You can never be too prepared but I'll give you this, you're close 😅 good stuff
I can hear the conversation with my grandson now... "In 2024 I watched of one of the greatest tobacco cellaring efforts of a single man. Ever".😂 Have a great 4th celebration!🍻🇺🇲🇺🇲🇺🇲🇺🇲
As they say. Tobacco will never be as cheap and available as it is today. Is there a benefit to keeping that much air in the jars? Does it help it age?
Good Evening 😊 Beautiful Pipe 😍 Those are Nice Size Bottles 👍🏼 Nice Haul of Tobacco 👏🏼👏🏼 Thanks For Showing and Sharing 💯 Its all got to do with the bottom line 💰 Have a Fabulous Day 🤗 Greetings From South Africa 🇿🇦
Awesome! Oh i would love to buy the 16oz bulk bag of MacBaren 7seas Gold off of Pipes and Cigars but it's not in the budget. They used to have it in the smaller bulk packs but it isn't an option right now i guess. You folks have a wonderful day and a wonderful 4th my friend.
Morning Dave, have to agree with the acquisition thang, really hope there is no negatives with macbaren getting brought out, odf and bold are two of my favourites, tha nailed it with that acquisition 😊
I was surprised that the 5lbs of ODF RR fit in those 3 jars! I agree take overs seldom benefit the consumers. But as they say in Mexico the big fish eats the little fish.
![[LIVE] MCHOICE & MINT AWARDS 2024 at TRUE ICON HALL, ICONSIAM](http://i.ytimg.com/vi/wMewUeT5nbY/mqdefault.jpg)
Our company was a privately held, family owned business with an ESOP retirement Plan. The family said “we are not for sale”. Over the years, they turned down offers from several bigger corporations. All of this changed when they got an offer they could not refuse. The potential buyer was looking at our company to gain our Brand dominate market share in the industry. And a lot of room to expand. They offered “us” double our share price at the time. The buyout doubled my 401k. They invested a lot in our company and we are producing more than ever. There was a lot of moaning and groaning, but the family owned 72% of the shares. Having 25 years with the company and two years til retirement, it was a very positive acquisition for me.
@@Stillypapabear nice - and rare!
Great choice Dave. Thanks for sharing buddy
Good points, Dave. What I found interesting is that Mac Baren (through April) was larger than STG, STG being ~75% the size of Mac Baren revenue wise, and purchased them for ~6.3 times EBITDA based on the same period. Not being in the tobacco industry, but working with M&A often in my career, at that multiple it may have been close to an offer they couldn’t refuse. I’m surprised there wasn’t a monopolistic consideration from European governments to be honest. STG’s annual revenue is ~$75mm and bought Mac Baren for the same amount, which means they are counting on Mac Baren’s revenue to remain strong to be able to cover their new debt service (assuming it was financed), all of which means I’d be surprised if the quality were to suffer. In other words, they need the Sutliff/Mac Baren name to remain strong. Just my $0.02, haha. Great video and conversation! Cheers, Alex
Omg ..what a score amigo...good stuff..you're all set for the 'zombie' apocalypse....beautiful tobaccos...
Not as wild panic buy as your HU panic buy. You cleaned esterval out 😂
Thank you Dave😊
All great blends. I appreciate the chat on acquisitions😊
God Bless😊
Nice that you are prepared and won’t have to worry about that. Thanks for the explanation on the acquisitions. That makes sense. Have a great day!
Keep it cool, i had some old dark fired in a mason jar for years and a bunch of other blends and lots of them lost most of their flavor after 5-10yrs. The moisture and light exposure and air tightness were all good so i think it was a matter of temperature not being maintained properly over the years. Anyways it turned into good nasal snuff mixed with some lane 1-Q and some other stuff.
Maybe it was too moist idk. But temperature was definitely not well regulated in places like AZ and NM with no ac sometimes.
WOW!!! Now that’s a serious amount of tobacco Dave 👍 cracking forward thinking 👍 am I dreaming or did you have a Cognac tobacco a while ago? If so have you tried it yet? And if so how was it?
Wow what a purchase!
That's 5 years worth in one order.... almost! 😂 you've a lot more behind ye, i think you're near prepped.... The paddock cigar lounge supplies could free a shelf if you decide to place another refrigerator! You can never be too prepared but I'll give you this, you're close 😅 good stuff
I can hear the conversation with my grandson now... "In 2024 I watched of one of the greatest tobacco cellaring efforts of a single man. Ever".😂
Have a great 4th celebration!🍻🇺🇲🇺🇲🇺🇲🇺🇲
Nice haul, it really doesn’t matter if it’s a panic buy or not…. Just enjoy!
Thanks for sharing.
Your are correct!
As they say. Tobacco will never be as cheap and available as it is today. Is there a benefit to keeping that much air in the jars? Does it help it age?
Dave,
Now that’s a purchase. Stocking up …
Blessings from Gettysburg Pa…
I'm looking forward to the grand opening of the PiperDave tobacco shop.
Hey Dave, WOW! That's a haul!👍🏻 Racking and Stacking! 💪🏻 Happy Smoking!👊🏻
Good Evening 😊 Beautiful Pipe 😍 Those are Nice Size Bottles 👍🏼 Nice Haul of Tobacco 👏🏼👏🏼 Thanks For Showing and Sharing 💯 Its all got to do with the bottom line 💰 Have a Fabulous Day 🤗 Greetings From South Africa 🇿🇦
What a Stellar purchase Dave, wow that’s awesome.
Regards
Mark
Awesome! Oh i would love to buy the 16oz bulk bag of MacBaren 7seas Gold off of Pipes and Cigars but it's not in the budget. They used to have it in the smaller bulk packs but it isn't an option right now i guess.
You folks have a wonderful day and a wonderful 4th my friend.
That's epic!
Outstanding I’m impressed that’s a good haul !!!! Dang 😂
Awesome grab Dave appreciate that your watching me appreciated my friend.👍
Wow ! Super cool !! I am like 50 miles from your Wyoming house or so 😊
Morning Dave, have to agree with the acquisition thang, really hope there is no negatives with macbaren getting brought out, odf and bold are two of my favourites, tha nailed it with that acquisition 😊
Great tobacco choices!! I like how you think.
Tell us Dave ..... did soaking that pipe stem in Scope mouthwash solve the problem ?
@@brianquilty687 yes - I will do a vid
I was surprised that the 5lbs of ODF RR fit in those 3 jars! I agree take overs seldom benefit the consumers. But as they say in Mexico the big fish eats the little fish.
I think that was smart on your part,
Agreed Jim
Dave , can i ask where you purchased the 1lb boxed blends from Thank you.
I bought them from TobaccoPipes.com
@@PiperDave2023 Thanks Dave👍
You're welcome man!😊😊😊
Hi Dave! Wow! You’re set :)
@@CentralCalPiper yes!
Wow! Looks like you have enough tobacco in your cellar for many people and many lifetimes lol.
Thats a lot of tobacco!
@@tamper-proof3703 yes it is!