Acquiring Minds Building an HVAC Holdco to £60m in Revenue
Dec 28, 2023
Sam Turner shares his experience and strategies in building a holdco of HVAC businesses in the UK. He discusses the benefits of buying small businesses over real estate, the value in acquiring businesses in a fragmented industry, and the challenges and goals of his acquisitions. Turner also explores the differences between the HVAC market in the US and UK, and the considerations involved in acquiring businesses with new construction or maintenance revenue. Additionally, he emphasizes the importance of developing people and managing performance in the success of his holdco.
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Corporate Exec to Entrepreneur
- Sam Turner left a corporate CFO role to build a group of small businesses for more control and less travel.
- He wanted to invest his time where he enjoyed growth and developing management teams.
Define Your Purpose Clearly
- Define your purpose clearly when transitioning careers to align actions with values.
- Sam aimed to influence, inspire, empower, and help others through wealth creation and leadership.
Value of Acquisition Networks
- Building a network and accountability group helps sustain motivation when acquiring businesses.
- Sharing deals and partnering can increase resources and support.