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Bullseye: Buying a $1m SDE Business in a Hot Industry
Published 1 year, 8 months ago
Description
Pete Ciaverilla bought a $12m HVAC business, then grew earnings 50% in 3 years. His timing couldn't have been better.
Topics in Peter’s interview:
- Combining households with his parents while searching
- Using a buy-side advisor
- Funding less than 5% of the deal himself
- Transitioning the seller’s family out of the business
- Buying a company with 65 employees, $12M in revenue
- Advantages of buying a bigger company
- Balancing commercial and residential HVAC
- Impact of seasonality on revenue
- Why private equity likes HVAC
- Feeling comfortable with taking on a large loan
References and how to contact Peter:
Learn more about Walker Deibel's done-with-you buy-side advisory:
Get complimentary due diligence on your acquisition's insurance & benefits program:
Get a complementary pre-acquisition HR & PEO review for your target business:
- Contact mark@aspenhr.com or visit Aspen HR
Connect with Acquiring Minds:
- See past + future interviews on the YouTube channel
- Connect with host Will Smith on LinkedIn
- Follow Will on Twitter