Very first acquisition in November 2016
As of March 2024, they manage a portfolio of 12 companies.
All done with their own capital.
(Except the one they did in late 2023)
95% of acquisitions have been owner succession & retirement driven buy-outs.
Cub Investments with Nick Haschka makes long term buy & hold equity investments in growth-oriented field services companies.
Most importantly, all this while raising three beautiful children.
Their biggest competitive advantage – looking for companies with an extremely small universe of buyers.
“What we do is very different from corporate America, strategic consulting, investment banking, PE, McKinsey….”
We discuss:
— Finding the absolute best deals
— Location as your biggest advantage
— How to get the buyer to sell the business
— Doing everything with their own $$$
— Using SaaS as a difference maker in those boring businesses— Post-acquisition before and after
— Finding a perfect co-founder
00:00:00 - Intro
00:00:19 - Current portfolio and Nick’s dream acquisition...
00:02:10 - Background story and why small business PE is not for most people
00:05:50 - How Nick finds the best deals
00:10:55 - Location and industry knowledge as your biggest advantages
00:13:30 - Red flags when acquiring a company
00:16:25 - 2023 and raising capital in a short 4 weeks
00:24:40 - What made the biggest difference in their MOST successful deal
00:32:07 - Craziest post-acquisition stories
00:39:30 - Founders relying on their memory,not CRM
00:44:19 - Partnership with the co-founder
00:51:01 - The work never stops - how to manage it all
My full conversation with Nick Haschka, the co-founder of Cub Investments.
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Nick on Twitter: https://twitter.com/NickHaschka
This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.
