• Building a $10m EBITDA Leader in a Fragmented Space
    Jul 15 2024

    Register for the webinars:

    • Search Investor Roundtable: State of the Market - https://bit.ly/4cCMyuZ

    • Overcoming Common Deal Sticking Points - https://bit.ly/3LkCpr3

    • How (and Why) to Choose a Franchise as an Acquisition Entrepreneur - https://bit.ly/4f2hCGc


    Nick Haschka & Dillan Ferguson are 5 months and 2 acquisitions into a roll-up targeting $50-60m revenue in 5 years.

    Topics in Nick and Dillan interview:

    • How Nick and Dillan met on Twitter
    • The future of reliance on generators
    • Serving both residential and commercial customers
    • Separating the business into service and installation teams
    • Doubling the number of employees
    • Atmospheric river caused a crisis 3 weeks after acquisition
    • Being a leader is different than being an employer
    • Developing their own software
    • Where they find their technicians
    • Comparing the risk of an asset purchase and a stock purchase

    References and how to contact Nick and Dillan:

    • Nick Haschka Twitter
    • Nick Haschka LinkedIn
    • Dillan Ferguson Twitter
    • Dillan Ferguson LinkedIn
    • OnPoint Generators

    Get a complementary pre-acquisition HR & PEO review for your target business:

    • Contact mark@aspenhr.com or visit Aspen HR

    Get complimentary due diligence on your acquisition's insurance & benefits program:

    • Oberle Risk Strategies - Search Fund Team

    Connect with Acquiring Minds:

    • See past + future interviews on the YouTube channel
    • Connect with host Will Smith on LinkedIn
    • Follow Will on Twitter
    Show more Show less
    1 hr and 25 mins
  • Buying & Growing a Business While Keeping a Day Job
    Jul 11 2024

    Register for the webinars:

    • SBA Lender Roundtable: State of the Market - https://bit.ly/4bydwTe

    • Due Diligence Office Hours - https://bit.ly/3WbVpxT

    • Search Investor Roundtable: State of the Market - https://bit.ly/45SWMEY

    • Purchase Agreement Fights: How to Avoid (or Win) Them - https://bit.ly/4eQ7z79

    How Dominick Blue bought an air duct cleaning business and took it into HVAC services, all while retaining his W-2.

    Topics in Dominick’s interview:

    • Keeping his W-2 while acquiring companies
    • Mistakes he made during diligence
    • Revamping service offerings
    • Looking for “diamond in the rough” leaders
    • Expanding from air duct cleaning into HVAC
    • His fetal position moment
    • Being ghosted by his bank
    • Buying a business while expecting a baby
    • Advantage of selling directly to consumers
    • Drawing from his training in the U.S. Marines

    References and how to contact Dominick:

    • LinkedIn
    • Twitter
    • Air ASAP
    • Winning Moves by Dan Cremons

    Learn more about Walker Deibel's done-with-you buy-side advisory:

    • The Acquisition Lab

    Work with an SBA broker who focuses exclusively on helping entrepreneurs buy businesses:

    • Matthias Smith of Pioneer Capital Advisory

    Connect with Acquiring Minds:

    • See past + future interviews on the YouTube channel
    • Connect with host Will Smith on LinkedIn
    • Follow Will on Twitter
    Show more Show less
    1 hr and 55 mins
  • Buy as Search Fund, Keep as Long-Term Owner
    Jul 8 2024

    Register for the webinars:

    • SBA Lender Roundtable: State of the Market - https://bit.ly/4eTZ8Yn

    • Due Diligence Office Hours - https://bit.ly/3WbAs6h

    • Search Investor Roundtable: State of the Market - https://bit.ly/4eVYDxc

    • Purchase Agreement Fights: How to Avoid (or Win) Them - https://bit.ly/4bwcgQx

    By doubling a $3m EBITDA business Juan Aguilar bought with traditional search fund terms, he is able to hold it forever.

    Topics in Juan’s interview:

    • Huge challenge of buying a business in Central America
    • Buying a door manufacturer in Guatemala
    • Implementing EOS
    • Moving his focus from “how” to “who”
    • Raising prices 25%
    • Focusing on service, quality, and volume
    • Finding a CEO to replace him
    • Having a liquidity event without exiting the business
    • Transitioning towards a permanent capital model
    • Plan for a holdco

    References and how to contact Juan:

    • LinkedIn
    • Paltus Capital

    Get a complementary pre-acquisition HR & PEO review for your target business:

    • Contact mark@aspenhr.com or visit Aspen HR

    Get complimentary due diligence on your acquisition's insurance & benefits program:

    • Oberle Risk Strategies - Search Fund Team

    Connect with Acquiring Minds:

    • See past + future interviews on the YouTube channel
    • Connect with host Will Smith on LinkedIn
    • Follow Will on Twitter
    Show more Show less
    1 hr and 51 mins
  • It Really Happened: 100% Financing for an $8m Business
    Jul 4 2024

    Register for the webinars:

    • Thu July 11 - SBA Lender Roundtable: State of the Market - https://bit.ly/4eJqUXB

    • Fri July 12 - Due Diligence Office Hours - https://bit.ly/3VPQf9p


    We caution against thinking you can find it: 100% seller financing. But Renan Cortez did — and on a sizable business.

    Topics in Renan’s interview:

    • His background as an Army medic
    • Learning about acquisition via Codie Sanchez
    • Using a virtual assistant to search for a business
    • Negotiating a 100% seller note
    • Feeling motivated by philanthropy
    • Spending too much money too fast after transition
    • Getting a bridge loan to make payroll
    • Rebranding the restoration company
    • Raising capital for growth
    • His large roll-up vision

    References and how to contact Renan:

    • LinkedIn
    • Twitter
    • Syndicate Building Solutions
    • Syndicate Venture Group

    Get a complementary pre-acquisition HR & PEO review for your target business:

    • Contact mark@aspenhr.com or visit Aspen HR

    Get complimentary due diligence on your acquisition's insurance & benefits program:

    • Oberle Risk Strategies - Search Fund Team

    Smithlist is a new job board for leadership roles at small businesses. If you're not ready to buy a business but want to lead one:

    • Smithlist - Operate & Lead a Business

    Connect with Acquiring Minds:

    • See past + future interviews on the YouTube channel
    • Connect with host Will Smith on LinkedIn
    • Follow Will on Twitter
    Show more Show less
    1 hr and 37 mins
  • Turning $500k into a $38m Holdco (No Investors)
    Jul 1 2024

    Register for the webinars:

    • Thu July 11 - SBA Lender Roundtable: State of the Market - https://bit.ly/3XSdIcG

    • Fri July 12 - Due Diligence Office Hours - https://bit.ly/3W1zQA6


    Garrison Snell enjoyed a modest exit at age 24. By 30, he'd parlayed that into a holdco with $9m EBITDA and a mission.

    Topics in Garrison’s interview:

    • Building and exiting a recording artist marketing agency
    • His objective to do the most good for the most people
    • Early ventures into real estate
    • Buying and quickly selling a restaurant
    • Acquiring in the manufacturing space
    • Understanding and applying Porter’s 5 Forces
    • Advantage of being a low-cost, essential supplier
    • Recent leadership challenges at a new acquisition
    • Building an indefinite holding company
    • Power of a community-minded small business

    References and how to contact Garrison:

    • LinkedIn
    • Twitter
    • garrison.snell@snellventures.com
    • Rafael Quinn’s episode
    • Competitive Strategy by Michael E. Porter

    Smithlist is a new job board for leadership roles at small businesses. If you're not ready to buy a business but want to lead one:

    • Smithlist - Operate & Lead a Business

    Work with an SBA broker who focuses exclusively on helping entrepreneurs buy businesses:

    • Matthias Smith of Pioneer Capital Advisory

    Learn more about Walker Deibel's done-with-you buy-side advisory:

    • The Acquisition Lab

    Connect with Acquiring Minds:

    • See past + future interviews on the YouTube channel
    • Connect with host Will Smith on LinkedIn
    • Follow Will on Twitter
    Show more Show less
    1 hr and 47 mins
  • Candid Reflections on 7 Years of SMB Ownership
    Jun 27 2024

    Register here for the webinar, How to Buy a Business & Hire an Operator at Once

    • https://bit.ly/3KJnYwg


    7 years ago Dan Verboski bought a sign business with $650k in earnings. He's doubled it, but ownership has taken a toll.

    Topics in Dan’s interview:

    • Background in the Marines and retail
    • Buying a sign company in Tyler, Texas
    • Culture clashes and problem employees
    • Selling off his real estate to keep the business going
    • How he learned to fire faster
    • Building a new company culture
    • Making personal changes to recover from burnout
    • Standing out by answering the phone
    • What he would do differently next time
    • His growth as a leader

    References and how to contact Dan:

    • LinkedIn
    • Twitter
    • Leon’s Signs Inc.
    • ETA Circle in Houston, where Dan will be appearing on July 10th

    Get a complementary pre-acquisition HR & PEO review for your target business:

    • Contact mark@aspenhr.com or visit Aspen HR

    Learn more about Walker Deibel's done-with-you buy-side advisory:

    • The Acquisition Lab

    Connect with Acquiring Minds:

    • See past + future interviews on the YouTube channel
    • Connect with host Will Smith on LinkedIn
    • Follow Will on Twitter
    Show more Show less
    1 hr and 43 mins
  • Announcing: Minds Capital
    Jun 24 2024

    Register here for the webinar, How to Buy a Business & Hire an Operator at Once

    • https://bit.ly/3KH9RaS


    Will Smith has partnered with Niklas James & Max Lummis in a fund to invest in searcher & independent sponsor deals.

    Topics in this episode:

    • Why raise a fund?
    • How a fund comes together
    • What it was like to raise money from LPs for a blind pool
    • Why a business might be great for a searcher but not an investor
    • How different investors have different needs
    • Why small acquisitions are hard for a fund to invest in
    • Value of community in a fund
    • Minds Capital’s process to assess deals
    • Evaluating deal strengths systematically
    • “Best deal of the month” filter

    References and how to contact Niklas, Max and Will:

    • Minds Capital (to learn more & submit a deal)
    • Minds Capital page for investors
    • Max Lummis
    • Niklas James
    • Will Smith

    Work with an SBA broker who focuses exclusively on helping entrepreneurs buy businesses:

    • Matthias Smith of Pioneer Capital Advisory

    Get complimentary due diligence on your acquisition's insurance & benefits program:

    • Oberle Risk Strategies - Search Fund Team

    Connect with Acquiring Minds:

    • See past + future interviews on the YouTube channel
    • Connect with host Will Smith on LinkedIn
    • Follow Will on Twitter
    Show more Show less
    1 hr and 8 mins
  • Why Work IN the Business You Buy (Not Just On It)
    Jun 20 2024

    Register here for the webinar, How to Buy a Business & Hire an Operator at Once

    • https://bit.ly/3Rto4Mc

    --


    Get Remediation Company CIM - Request the NDA to get the CIM of the Midwestern niche remediation company.

    • https://bit.ly/45spnAI

    --


    Before acquiring a commercial painting business doing around $2m, Colin Gates worked on a crew as one of its painters.

    Topics in Colin's interview:

    • Aggressively saving while working in private equity
    • Recurring revenue is BS
    • Don’t sweat getting the perfect purchase price
    • Working as a painter for a month before buying
    • Managing prima donna employees
    • His strategy of constantly bidding jobs and hiring
    • Putting in a project manager and a GM
    • Why he stopped requiring deposits
    • The seller staying on as an employee
    • Importance of cash flow in keeping a business going

    References and how to contact Colin:

    • LinkedIn
    • Twitter
    • Mastercraft Coatings
    • mastercraftcoatingsfl@gmail.com

    Smithlist is a new job board for leadership roles at small businesses. If you're not ready to buy a business but want to lead one:

    • Smithlist - Operate & Lead a Business

    Get a complementary pre-acquisition HR & PEO review for your target business:

    • Contact mark@aspenhr.com or visit Aspen HR

    Learn more about Walker Deibel's done-with-you buy-side advisory:

    • The Acquisition Lab

    Connect with Acquiring Minds:

    • See past + future interviews on the YouTube channel
    • Connect with host Will Smith on LinkedIn
    • Follow Will on Twitter
    Show more Show less
    1 hr and 29 mins