Top M&A Entrepreneurs 12 Small Business Acquisitions with Nick Hasckha of Cub Investments
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In this episode of the Top M&A Entrepreneurs podcast, host Jon Stoddard interviews Nick Hasckha of Cub Investments about small business acquisitions.
SHOW NOTES:
00:00 Intro
00:27 Call to Acquisition Adventure
04:50 How he raised money
05:45 Where he found his first deal
07:15 How he chose his business partner
09:19 His business acquisition thesis
10:15 First acquisition metrics
11:43 Being the only sales guy - didn't know the names of the plants he is selling
12:47 Expenses - paying themselves - from tech to SMB
13:44 Tuck-ins - Buying a Competitor Book of Business
15:44 Tuck-in multiples - costs
17:44 Funding out of balance sheet + seller notes
19:10 San Francisco COVID brutal reckoning - the solution
21:30 Voting for higher salary
22:23 Fixing & Selling the Landscaping Acquisition - Why we sold
25:23 What they are looking for now - macro thesis & Luxury of time
27:05 Making Mistakes - not knowing what you don't see
29:01 looking at the water/R&D/Labor industries - picks & shovels & not scalable
32:05 Switching roles at Cub Investments & designing software for the business
35:56 How Nick has changed - who Nick is today
RESOURCES & LINKS:
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DealFlowSystem: https://dealflowsystem.net/
LinkedIn: https://www.linkedin.com/in/jonstoddard/