Acquiring Minds

In this podcast, Will Wright shares his experience of buying a big event rental business and navigating through the challenges brought by Covid-19, including fulfilling contracts after a warehouse fire, layoffs, and salary cuts. He also discusses the value of company culture, building and strengthening the business during the pandemic, and creating an incentive strategy for employees. Additionally, he talks about Texas as an attractive place for business and how his sailing experience prepared him for leadership. The podcast concludes with insights on their successful business sale.

Adam Borcz, experienced entrepreneur, discusses his success in growing a blue collar business and doubling its earnings in 4 years. Topics include: working for a fundless sponsor, pros and cons of having the federal government as a customer, doubling the workforce in a tough labor market, and tying profit sharing to gross profit.

Nick Patrick shares his experience of turning $20k into $900k in 19 months by buying and selling a wedding catering business. He discusses the challenges of acquiring a business without an SBA loan, improving operations, and handling conflict. The podcast also covers topics like cash flow advantages, selling the business, and operational challenges in the wedding services industry.

Doug Johns, a plumbing business buyer, reflects on his balance sheet, lifestyle, and new identity as a business owner. Topics include his wife's involvement, working 60 hours a week, ROBS structure and buyout, slowdown in home services industry, why he loves owning & operating, raising prices, small town living, integration of business into daily life, fierce competition, and benefits of franchises and in-network peer groups.

The podcast explores the journey of Michael Young, who successfully acquired a $4 million accounting practice after starting his own practice. It discusses the challenges of buying a business, the role of luck and the importance of understanding the LOI document. Other topics include the valuation and pricing of accounting practices, red flags during diligence, and the role of PASBA. The podcast also delves into the strategic focus on niche markets, fractional CFO services, working capital in SMBs, and the advantages of hiring remote workers.

Morgan McCauley talks about working in a family office, challenges with healthcare regulations, decision to invest in business growth, and evaluating the lifetime value of clients in the home care industry.

Ryan Doyle shares his 2-year search for a business and his rewarding self-discipline. He discusses failed deals, the value of thorough investigations, and the dangers of 'stupid good margins'. He talks about buying a pool business, being ghosted by his bookkeeper, and the importance of seasonality. He shares his plan to own the Georgia coast and the support he found through WhatsApp. The podcast also covers decision-making, red flags, managing employees, choosing stock deals vs asset sales, navigating challenges after acquisition, targeting higher-end homes, and the challenges and advantages of owning a pool service business.

Brandon Laughridge shares his experience of buying a property management business and doubling his real estate portfolio. Topics include changing mindset about service businesses, growing from 12 to 25 employees, pros and cons of property management, managing tenant relationships, and who should buy a property management business.

Sam Turner, owner of Advantos, shares his vision of building the leading platform for independent M&E businesses in the UK. He discusses the importance of patience and flexible timelines, lessons from his first acquisition, and change management in blue collar businesses. He also talks about increasing the holdco revenue target from £60m to £150m, extending his 5-year plan to 10 years, and improving the lives of 30,000 people. In addition, he explores shared services among his four businesses and the success of cross-selling in the HVAC industry.

Luis Aguilar shares his journey of acquiring and growing a commercial laundry business, discussing geographical search in Florida, working with Search Investment Group to raise capital, negotiating a dead deal back to life, acquiring a linen rental business, and increasing profit in both businesses.