What if growing your business does not mean building everything from scratch, but finding the right company to acquire, structuring the deal carefully, and managing what happens after the acquisition?
In this insightful episode of Audacity of Entrepreneurs, Nick Uresin sits down with Joshua Soloway, Managing Director of Soloway Group PC, for a practical conversation about growing small and midsize businesses through acquisitions, choosing the right acquisition targets, structuring deals, and managing change after a business is acquired.
Joshua brings experience from building and selling a law firm, scaling several other businesses, and building the New York office of a global management consulting firm. He also discusses his recent acquisition of Willinger, Willinger & Bucci, a full-service regional law firm.
At the center of the conversation are three important parts of an acquisition: choosing a business that fits your growth strategy, creating a deal structure that works for both sides, and preparing for the cultural and operational changes that follow.
Joshua explains why buyers should look for businesses that can strengthen what they already do. That could mean acquiring a competitor, expanding into a new geographic market, adding a related service, or finding a business that serves clients who may also need your existing services.
The goal is not simply to buy another company. It is to find an acquisition where the combined businesses can create more value together than they could separately.
In this episode, you'll discover:
How to determine whether a company is the right acquisition target
Why complementary businesses can create greater value together
How acquisitions can help companies enter new markets or add services
Why different customer acquisition models are not always a deal breaker
When acquiring an outside service provider may or may not make sense
Why building your own technology is different from becoming a technology company
How upfront cash, earn-outs, and rollover equity can shape an acquisition
Why sellers may choose between more cash today and more long-term upside
How working capital and business performance can affect deal terms
Why buyers and sellers should consider both overperformance and underperformance
Why change management should be considered before an acquisition closes
How long-standing company cultures can create resistance to change
Why finding internal champions can make post-acquisition changes easier
How better operations, marketing, and financial controls can create new growth opportunities
Download your complimentary Legal Health Check Guide by The Soloway Group
Identify and address potential legal risks with a a clear framework for organizing key documents and uncovering vulnerabilities, empowering you to safeguard your operations and prepare for future opportunities.
Here is the download link: https://www.solowaygroup.com/free-resource/
Joshua also explains why acquisition strategy should begin with understanding what type of buyer you are. A company expanding an existing business has different goals from an investor looking for a lower-maintenance business. For growth-focused entrepreneurs, the key question is whether the target can add meaningful value to the core company.
The conversation also explores deal structure in detail. Joshua discusses three common components in professional services acquisitions: upfront cash, earn-outs, and rollover equity. He explains how these tools can balance risk, reward sellers for future performance, and keep key people invested in the long-term success of the combined business.
The final part of the conversation focuses on what happens after the deal closes. Joshua explains why change management can be difficult, especially in businesses where employees have worked together for many years. New management systems, marketing investments, financial controls, and operating processes can create opportunities, but they can also create resistance.
One important step is identifying the people inside the acquired company who believe in the new direction. Joshua explains that these internal champions are not always the most senior or highest-paid people. They may be employees who have been waiting for the opportunity to contribute ideas, improve systems, and move the company forward.
His message is clear: a successful acquisition is about more than buying a business. You need the right strategic fit, a thoughtful deal structure, and a plan for bringing people and operations together after the deal closes.
If you're an entrepreneur, business owner, or leader considering acquisitions as a path to growth, this conversation offers a practical look at what to evaluate before making a deal and what to prepare for once the acquisition is complete.
🎙️ Listen to the full episode to learn how to evaluate acquisition targets, structure a deal, manage post-acquisition change, and use acquisitions to build a stronger business.
About Audacity of Entrepreneurs
Hosted by Nick Uresin, Audacity of Entrepreneurs features conversations with founders, CEOs, and business leaders sharing practical insights on entrepreneurship, leadership, sales, and business growth.
👍 Subscribe for more actionable business and sales insights.
#Entrepreneurship #BusinessGrowth #Acquisitions #MergersAndAcquisitions #BusinessStrategy #DealStructure #ChangeManagement #Leadership #SMB #AudacityOfEntrepreneurs