Acquiring Minds

Dismissed by brokers, Simon Plummer bought & grew a manufacturer 75% in 3 years. Today he's building a long-term holdco.Topics in Simon’s interview:Creating the “BizBuySell” of AustraliaBuying a manufacturing businessDifficulty of acquisition in AustraliaRunning the machines himself for 18 monthsLearning from his cashflow mistakesLaunching their brand in the UK, US, and CanadaHow a bricklaying YouTuber skyrocketed salesFinding and hiring a CEOAnxiety of owning a small businessBuilding a long-term holding companyReferences and how to contact Simon:LinkedInArbor Permanent OwnersBT Engineering USABT Engineering AustraliaRowan GrantJason AndrewLearn more about Walker Deibel's done-with-you buy-side advisory:The Acquisition LabGet a complimentary IT audit of your target business:Email Nick Akers at [email protected], and tell him you’re a searcherGet complimentary due diligence on your acquisition's insurance & benefits program:Oberle Risk Strategies - Search Fund TeamConnect with Acquiring Minds:See past + future interviews on the YouTube channelConnect with host Will Smith on LinkedInFollow Will on Twitter

Josh Key partnered with a master plumber from his church to acquire a plumbing business doing $1.25m. It ended badly.Topics in Josh’s interview:Buying a plumbing business with a partnerQuitting his job to go all-inInadequate due diligence on his partnerHis partner’s wife getting involved in the businessEmotional outbursts and threats from his partnerEmployees and clients leaving due to the partnerClosing the business and filing for bankruptcyWhat he learned about due diligenceHow his mindset is guided by his faithWhat he wants to do nextReferences and how to contact Josh:[email protected] with an SBA broker who focuses exclusively on helping entrepreneurs buy businesses:Matthias Smith of Pioneer Capital AdvisoryGet complimentary due diligence on your acquisition's insurance & benefits program:Oberle Risk Strategies - Search Fund TeamLearn more about Walker Deibel's done-with-you buy-side advisory:The Acquisition LabConnect with Acquiring Minds:See past + future interviews on the YouTube channelConnect with host Will Smith on LinkedInFollow Will on Twitter

Tom & Dawson Matter bought a vent cleaning business operating out of a parking lot. The transition has been interesting.Topics in Tom and Dawson’s interview:Teaming up to acquire Pro Duct CleaningThe nocturnal, detailed, messy nature of the workTom keeping his W-2 while Dawson runs operationsMaintaining a 42% marginLearning to deal with angry customersUpgrading the equipment and facilitiesHiring Dawson’s wife to help with operationsSwitching from Google Calendar to a real CRMTrouble communicating with employeesChasing down payment from clientsReferences and how to contact Tom and Dawson:Pro Duct [email protected] Tagliatela on Acquiring Minds: Reward for a Brutal Transition: $760k EBITDA on 3 Hours/WeekGeorge Vallone on Acquiring Minds: When Buying Small Goes Right (3x Growth)Get a complimentary IT audit of your target business:Email Nick Akers at [email protected], and tell him you’re a searcherGet a free review of your books & financial ops from System Six (a $500 value):Book a call with Tim or email [email protected] and mention Acquiring MindsGet a complementary pre-acquisition HR & PEO review for your target business:Contact [email protected] or visit Aspen HRConnect with Acquiring Minds:See past + future interviews on the YouTube channelConnect with host Will Smith on LinkedInFollow Will on Twitter

Register for the webinar:Where Searchers Go Wrong, Part 2 - Thu Dec 12 - https://bit.ly/3VtCvC1Fred McGill liked the trades and zeroed in on electrical. The $3.2m business he bought is likely to grow 25% in year 1.Topics in Fred’s interview:Founding a real estate start-upComparing rental income to small businessAcquiring an electrical companyReassuring employees during transitionLearning how to hire electriciansCompensation in the electrical industryGrowth through digital marketingMiscalculating working capitalImportance of making the phone ringHelping searchers through Blue Collar AdvisoryReferences and how to contact Fred:LinkedInTwitterBray Electrical [email protected] more about Walker Deibel's done-with-you buy-side advisory:The Acquisition LabWork with an SBA broker who focuses exclusively on helping entrepreneurs buy businesses:Matthias Smith of Pioneer Capital AdvisoryGet a free review of your books & financial ops from System Six (a $500 value):Book a call with Tim or email [email protected] and mention Acquiring MindsConnect with Acquiring Minds:See past + future interviews on the YouTube channelConnect with host Will Smith on LinkedInFollow Will on Twitter