In this episode of Acquisitions Anonymous, Michael and Heather discuss a successful $47 million scrap metal brokerage business that connects suppliers of scrap metal from various sectors with buyers, eliminating the need for inventory storage. They highlight the company's high operational efficiency, strong supplier and customer relationships, and steady financial growth. The conversation also touches on the challenges of transitioning such a business to new ownership and the potential for acquisition through apprenticeship. The hosts conclude that the business's model, focusing on networking and service, makes it an attractive opportunity for strategic buyers or individuals looking to enter the industry through innovative pathways.
Today's deal comes from Axial. Axial is a trusted deal-sourcing platform serving professional acquirers in the American lower middle market.
Thanks to this week's sponsors!
Acquisition Lab and their team have been longtime supporters of the pod.
Created by Walker Diebel author of Buy Then Build: How to Outsmart the Startup Game, is an accelerator with a highly vetted cohort-based educational and support community for people serious about buying a business.
Acquisition Lab exists to help people buy a business and navigate all the complexities of the process, as well as provide a trusted framework, tools, and resources to support you from search to close.
If you are serious about buying a business, check out acquisitionlab.com or email the Lab's director Chelsea Wood, chelsea@buythenbuild.com.
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CloudBookkeeping offers adaptable solutions to businesses that want to focus on growth with a “client service first” approach. They offer a full suite of accounting services, including sophisticated reporting, QuickBooks software solutions, and full-service payroll options.
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