Inspired Or Acquired Austin Linney - Crazy HVAC Acquisition Rollercoaster
Aug 7, 2024
Austin Linney, a dynamic entrepreneur, recounts his thrilling escapade of acquiring an HVAC business, facing immense risks and shady characters along the way. Joined by Clint Fiore and Patrick Dichter, they delve into the intricacies of business acquisition challenges, emphasizing strategic valuation and the emotional rollercoaster of negotiations. Linney highlights his transformation journey, battling personal demons while achieving incredible company growth. They also explore the power of relationships and customer engagement in driving substantial business success.
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From Real Estate to Business
- Austin Linney, driven by past failures in real estate, sought a business to control.
- He considered real estate deals but pivoted to business acquisition after multiple setbacks.
Finding the HVAC Business
- Linney found an HVAC business through a broker after a previous deal fell through.
- The seller, hard of hearing, agreed to a deal quickly, but the office manager was a concern.
Uncovering Embezzlement
- Linney began running the business before closing, uncovering embezzlement by the office manager.
- This delayed the closing significantly and led to renegotiations with the seller.