Business Buying Academy He Bought an Accounting Business for $2.8 Million (How to Start a Holding Company) - Dave Gilbert
May 23, 2025
In this discussion, Dave Gilbert, a seasoned holding company operator with a tech background, shares insights from acquiring an accounting service for $3.8 million and an engineering firm. He reveals the legal complexities of buying an accounting business, particularly for non-accountants, and how he successfully expanded services despite early challenges. Dave emphasizes the importance of structuring deals effectively and building trustworthy partnerships, all while navigating post-acquisition dynamics and driving business growth in challenging economic times.
AI Snips
Chapters
Books
Transcript
Episode notes
Choose Trustworthy Partners
- Find a business partner you deeply trust and whose skills complement your own.
- Spend time getting to know your partner well before committing to a business venture together.
Family Dynamics Raised Red Flags
- Dave Gilbert discovered red flags such as complex family dynamics in the accounting firm he bought.
- Despite concerns, he proceeded after assessing cash flow and operational prospects.
Personalize Acquisition Outreach
- Personalize outreach to business owners by sharing your background and intentions to get better responses.
- Consistent direct messaging leads to high open and meeting rates from potential sellers.
