HoldCo Builders How to Build a $200M HVAC HoldCo Without Outside Capital (2 Acquisitions and Organic Growth)
Jul 25, 2025
Chris Hoffman, CEO of HP Solutions Group, shares his journey from running a $9M family HVAC business to building a $200M holding company. He emphasizes the power of mastermind groups for growth, revealing how community support and strategic relationships fueled their success. Hoffman also discusses the critical role of advisory boards and the necessity of aligning values during acquisitions. Additionally, he highlights the balance between effective sales strategies and educating customers, underscoring the importance of flexibility in financing options for sustained business growth.
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Executed Proven Process Playbook
- Chris Hoffman and his brother joined a best practice association instead of inventing new ideas.
- They executed a proven process playbook which propelled their business growth significantly.
Join Masterminds For Growth
- Entrepreneurs should join mastermind groups to learn from others' experiences.
- Avoid ego blocking growth; embrace external guidance to accelerate success.
Reinvest Profit To Grow
- Reinvest every dollar of profit back into the business for at least five years.
- Prioritize the business’s growth over personal lifestyle improvements during initial scaling.
