Exiting a Business Tax-Deferred Using a Deferred Sales Trust with Shea
Shea Pope is from the great state of Alabama. He is a multifamily developer, a business owner, and an entrepreneur. He is a hard-working, driven, and focused strategic leader with over 20 years in executive management across multiple businesses. His daily passion is a business development and through this desire, he helps organizations reach their goals. During his career to date, he has assisted in helping three organizations reach over 10x revenue growth. He’s actually a Deferred Sales Trust client.
He Founded Driven Security which focuses on securing businesses with a purpose. He is also the Founding Partner of The Graceway Group which focuses on multi-family construction projects. They build and manage deals from the ground up. Everything they do as a company is focused on one goal – “Partnering for the Future”.
Watch the episode here:
Exiting a Business Tax-Deferred Using a Deferred Sales Trust with Shea Pope
Brett:
I’m excited about our next guest. He’s out of the great state of Alabama. He’s actually a Deferred Sales Trust client. He is a multifamily developer. He’s a business owner, an entrepreneur and so many other things. I just had the good fortune of being able to have Mr. Shea Pope as a client last about a year and a half. Now we’re going to dive into what it was like for him to exit a business tax-deferred using a Deferred Sales Trust, as well as dive into his story of building a business, exiting a business, and starting a new one with building multifamily properties. Please welcome to show with me Shea Pope. How are you doing?
Shea:
Brett, thanks for having me. Happy to be here. It has been a long time coming. I look forward to our conversation.
Brett:
Absolutely. For our listeners who want to get to know you for the first time, would you give a little bit more about your story and your current focus?
Shea:
Yes, the story is becoming a serial entrepreneur without knowing that I was an entrepreneur, got hired out of college with about a year and a half, left in school, dropped out, and went in full time into a business called Logo Brands. Logo brands were out of Memphis originally and were in is today, the largest tailgating companies in the United States. They take licenses is from sports leagues around the world. They put that on tailgating goods and then distribute those into retail chains and bookstores across the country. So leaving school, with about a year and a half left. Going into that business, I learned a lot about entrepreneurship. Had two good friends in the business eventually became an owner in that business in 2006. We have just a crazy trajectory from a business that started out of a garage in Memphis back in the early 2000s, to becoming a leading leader in the space, so I was the CMO there for 15 years. Wholesale distribution was over manufacturing in China and left that business to pursue other ventures. In 2018 and 2019, I started two businesses, I saw the space of commercial security becoming a bigger deal. It was some of the unrest that we’ve seen, especially the last couple of years. So felt like getting into the security space was a neat business to start. Then also had always wanted to go into ground-up construction in real estate. Just a huge passion. In 2020 exited out of Logo Brands, formally as an owner, and there was another real estate company that was associated with that as well. Where one of the main assets was, and so today my role is I’ve got two businesses. One, I’m 100% owner of Driven Security out of Alabama. But then I’m in ownership with a general partner out of Nashville, Adam Birdwell, who is our GC and we’re building multifamily together and doing deals. Absolutely amazing.
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