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Acquiring Minds
Networking His Way to $800k SDE
Feb 13, 2025
Alex Holley, owner of Be Dry Systems and Ramjack Louisville, transitioned from consulting to owning weather-dependent businesses specializing in waterproofing and foundation repair. He shares his journey of networking through 100 meetings in just four months to acquire a $4.5 million home services company. Alex discusses the intricacies of managing a crew, integrating two brands, and navigating early payroll challenges. His emphasis on building rapport with employees highlights the importance of trust and communication in the blue-collar sector.
01:19:57
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Quick takeaways
- Alex Holley demonstrated the power of networking by organizing 100 meetings in four months to identify business acquisition opportunities.
- His acquisition of two related businesses allowed for optimized operations and cross-selling opportunities, significantly boosting revenue potential.
Deep dives
Networking as a Key Strategy for Success
Finding deal flow in local markets can be challenging due to a limited number of businesses for sale. Networking proves to be an essential strategy for success in this space, as demonstrated by Alex Holley, who set a high standard by arranging 100 meetings over three months. By proactively engaging with individuals in his community, he steadily built connections that ultimately led to his acquisition. Similar success stories from others, like Ben Rizzo and Adam Duggins, highlight the effectiveness of networking in identifying viable business opportunities.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode