Acquiring Minds 3 Perspectives: A Panel on Buying Small Businesses
Nov 30, 2023
Panel discussion on buying small businesses, covering topics such as different acquisition stories, transition challenges, financing options, the transition from white collar to blue collar environments, the type of individuals who buy businesses, moving from first to multiple acquisitions, inorganic versus organic growth, investor search deals, scariest moments, due diligence, the impact of macro M&A market softness on search activity, thoughts on roll-ups, and the importance of due diligence in acquiring small businesses.
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Acquisition Success Stories
- Johannes Hock tripled sales of his artificial turf business in two years.
- Brandon Adams bought an ice delivery business and is now pursuing a second acquisition.
From Tech to Plants
- Nick Haschka and his partner, after their startup failed, sought a stable, established business.
- They acquired Wright Gardener, an office plant business, transitioning from tech to entrepreneurship.
Employee Buyout
- Corey Veverka worked for a pharmaceutical validation company for 13 years before buying it.
- His expertise in the industry and established relationships made the acquisition less risky.