Acquiring Minds From Determined Searcher to $75m Accidental Holdco
Apr 10, 2023
01:46:30
Adam Duggins had 650 meetings to find his first business in 2013, not expecting he'd buy 3 more over the next 10 years.
Topics in Adam Duggins’s interview:
- Meeting with 650 people (in person!) during his search
- How Adam found his partner & structured their ownership
- How Adam became a holdco without meaning to
- How motivating blue collar workers versus white collar careerists is different
- Why Adam prefers working with blue collar versus white collar
- Buying businesses in overlooked geographies
- A bit about each of Adam's 4 businesses: steel fabrication, commercial HVAC, Jet-Hot, boiler services
- What to love about businesses in the construction industry
- Stability vs. growth
- Early mistakes as an owner
Links and how to contact Adam:
- New Page Capital
- W.C. Rouse
- Engineered Steel
- American Industrial Contractors
- Jet-Hot
- Adam’s email: adoug@newpagecapital.com
Get a complementary pre-acquisition HR & PEO review for your target business:
- Contact mark@aspenhr.com or visit Aspen HR
Connect with A-players who can run your business remotely:
Connect with Acquiring Minds:
- See past + future interviews on the YouTube channel
- Connect with host Will Smith on LinkedIn
- Follow Will on Twitter