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.
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Keys to Success in Roll-Ups
- Build a strong leadership team experienced in acquisitions and integrations.
- Foster a positive culture that encourages best-practice sharing and transparency.
Leap Partners' Supportive Approach
- Leap Partners supports acquired businesses, retaining their original identities.
- This approach prevents the loss of team members often seen in acquisitions.
Justin's Acquisition Experience
- Justin Deese sold a plumbing business before, with mixed results.
- Leap's supportive approach ensured a positive experience, retaining team members.