Owned and Operated - A Plumbing, Electrical, and HVAC Business Growth Podcast

#152 - Advice for Selling a Home Service Business with Leap Partners

Nov 19, 2024

Justin Deese, a partner at Leap Partners and former plumbing business owner, shares invaluable insights on selling home service businesses. He emphasizes understanding financial performance and maintaining company culture during acquisitions. The discussion highlights the significance of a collaborative approach for former owners transitioning into shareholder roles. Strategies for successful growth in recession-resistant industries, as well as leveraging AI for efficiency, are explored, offering practical advice for current and aspiring business owners.

44:38

Episode guests

Justin Deese

AI Summary

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Understanding your financial performance is essential for informed decision-making and identifying opportunities for improvement in business growth.

Maintaining a positive company culture during acquisitions fosters stability and encourages collaboration, enhancing overall organizational success.

Deep dives

The Importance of Learning from Mistakes

Successful leaders prioritize learning from the mistakes of others rather than repeating them. This perspective fosters a culture of growth, where individuals are encouraged to seek out knowledge and improve their leadership skills. Instead of merely following orders, effective leaders demonstrate initiative and a commitment to building a better organization. By recognizing and adapting from the experiences of their peers, leaders can avoid pitfalls and guide their teams toward greater success.

Intro

5min

Navigating Partnership in Business Acquisition

11min

Navigating Growth in HVAC and Plumbing: Strategies for Success

4min

Leveraging AI for Efficiency in Home Services and the Path of Business Growth

4min

Navigating the Sale of a Home Service Business

15min

Cultivating a Competitive and Collaborative Entrepreneurial Culture

5min

In this episode of 'Owned and Operated,' host Jack welcomes John and Justin from LEAP Partners to talk about what goes into the world of private equity home service business roll-ups. The two share a useful look into the importance of understanding your business's financials, the role of culture in acquisitions, and the unique approach of LEAP Partners in supporting business growth. Whether you're a current business owner or looking to buy or sell, this episode offers practical advice and inspiring stories of success in the home services industry.

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Key Takeaways:
- Understand your financial performance for better business decisions.
- The importance of maintaining company culture during and after acquisitions.
- Entrepreneurial drive and the willingness to learn are key traits for success.

Episode Hosts: 🎤
John Wilson: @WilsonCompanies on X
Jack Carr: @TheHVACJack on X

Episode Guest:
Justin Deese: On LinkedIn
John Cerasuolo: On LinkedIn

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Learn more about LEAP Partners

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John Wilson, CEO of Wilson Companies
Jack Carr, CEO of Rapid HVAC

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