Matt Estep - Picking Low Hanging Fruit Off the Ground - Ep. 40

My guest Matt Estep got his business start early in life when he started a go-kart manufacturing business in high school with dreams of eventually being a professional NASCAR driver. The business still exists today but Matt sold it with other plans in mind. Matt went to Harvard Business School, launched a search fund, and acquired Midwest Supplies. Following the sale of that business to a private equity group, Matt has invested in multiple other small companies and dozens of search funds.

During the episode Matt and I talk about some of the changes and improvements he made in Midwest Supplies, a business of his that has struggled through COVID, what he looks for in new acquisitions, and some niche companies he’s found such as a fireworks retailer and a mall Santa business. This conversation was a fantastic blend of investing and operating and I hope you walk away with some great lessons from both sides.

For the full episode transcript and more information, visit alexbridgeman.com/podcast.

I’m also the founder of The Operator’s Handbook, a print publication where small company operators share their insights and ideas for building more effective and profitable companies. Articles focus on process improvement, sales, hiring and training, managing culture, and all responsibilities within operating a small company. If you run a small business and are looking for new ways to grow and improve, subscribe today and join your peers in the endless pursuit of better at theoperatorshandbook.com.