The Modern Acre 380: Buying (Then Building) A Small Business in Ag with Cody Agee
Dec 3, 2024
Cody Agee, Owner & CEO of Sierra Dairy Laboratory, transitioned from investment banking to acquiring a dairy testing business. He shares his journey from searching for the right company to navigating the complexities of ownership. Cody discusses the shift to digital lab systems, emphasizing efficiency in operations. He reveals the advantages of buying an existing business, detailing the acquisition process and the importance of due diligence. Additionally, he sheds light on urban milk consumption trends and the significant role of the dairy industry in California.
AI Snips
Chapters
Books
Transcript
Episode notes
From M&A In NYC To Buying A Business
- Cody left a Wall Street M&A job to search full-time for a business to buy.
- He returned to California and spent about a year looking to acquire and run a company himself.
Buy To Be An Entrepreneur Faster
- Searchers can buy established, profitable businesses instead of founding startups from scratch.
- Buying lets you go from 'one to two' by improving an existing company rather than starting at zero.
Use Brokers And Cold Outreach To Find Deals
- Use business brokers and targeted cold outreach to find companies for sale.
- Work those two channels full-time to increase deal flow during a search.
