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Can you grow a business in a shrinking market? – Acquisitions Anonymous Episode 83
Description
This is an encore episode of our original episode 24.
Michael Girdley (@Girdley) and Mills Snell (@thegeneralmills) are joined by John Wilson (@WilsonCompanies) as a special guest! We talk about the septic service business & pool services: Barriers of entry, payroll exposure, growth potentials, synergies, and much more!
Deals:
-$5mm pool services and lifeguard staffing co
-$2mm septic services business
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Show Notes:
(0:00) Intro
(1:20) John's current businesses
(5:05) A lifeguard Staffing Co
(8:03) Are those 2 businesses together?
(9:55) Why are they selling?
(10:58) What are the risks from the buyer's side?
(14:59) The advantage of the staffing company & growth potential
(21:28) A septic company for sale
(23:47) What do we like? Growth opportunities?
(25:41) How did you find this deal? What do you find valuable?
(30:46) How are you structuring this deal?
(31:53) How does the depreciation work with trucks?
(32:49) What are your next steps when thinking about integration and synergies?
(35:44) How do you consolidate a business when growth is flat?
(37:33) Why are usually plumbing and septic companies bound together?
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