HoldCo Builders How I Bought 12 Service Companies (Without Investors) | Nick Haschka Interview
Mar 4, 2024
Nick Haschka, co-founder of Cub Investments, masterfully navigates the world of service company acquisitions, boasting a portfolio of 12 firms. He shares insights on finding the best deals, emphasizing the competitive edge of location and industry knowledge. Haschka discusses the unique challenges of working with retiring owners and highlights transformative strategies that leverage technology for growth. Balancing his entrepreneurial journey with family life, he offers a candid look at the importance of partnerships and the reality of small business investing.
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Balanced Acquisition Strategies
- Divide your search for acquisitions between brokered deals and proprietary thesis-driven outreach.\n- Build long-term relationships for better chances with sellers, avoiding 'now or never' pitches.
Competitive Edge Through Localization
- Focusing on businesses with a small universe of buyers gives a competitive edge.\n- Geography and local expertise often define this smaller buyer universe, limiting competition.
Choose Businesses With Unique Advantage
- Buy businesses where you have unique knowledge or operational advantages.\n- Avoid businesses that require scale problems like marketing before operational issues are solved.
