Exit Interview: Josh McCarter on a $150 Million Sale to Mindbody
As the saying goes, keep your enemies closer - and then let them acquire you for $150 million. Josh McCarter, the founder and CEO of Booker, had known Rick Stollmeyer, the CEO of competitor and future acquirer Mindbody, since 2011, when the two met through Young Presidents Organization on a father-daughter trip in Colorado. "We had this competition thing going on on the business side and a really nice friendship developing on the other side," McCarter said.
In March 2018, Mindbody announced its intention to purchase Booker, which had launched in 2010, and closed the $150 million deal 30 days after it was announced.Read more