8 Figs or Bust: Transitioning a Big Plumbing Business
Update: 2024-02-19
Description
Register here for the webinar, How to Raise Equity to Buy a Business
Get $200 off your ticket to the M&A Launchpad Conference in Houston on May 11th:
- https://www.malaunchpad.com & enter code ACQUIRINGMINDS
Peter deBaptiste bought a 35-person plumbing business with 2 very technical, hands-on owners 1 hour away from his house.
Topics in Peter’s interview:
- Building operational skills in a start-up
- Acquiring Joe Cole Plumbing
- His disappointing first day as owner
- Buying from 2 co-owners
- Surprises in employee turnover
- Losing clients to a former employee
- What he likes about the plumbing business
- The complexities of working capital in construction
- Why he recommends holding off on strategy
- Underestimating his salary needs
References and how to contact Peter:
- Joe Cole Plumbing
- Episode with Peter's friend, Morgan McCauley:
Taking the Plunge into Extreme Ownership
Learn more about Walker Deibel's done-with-you buy-side advisory:
Get complimentary due diligence on your acquisition's insurance & benefits program:
Connect with Acquiring Minds:
- See past + future interviews on the YouTube channel
- Connect with host Will Smith on LinkedIn
- Follow Will on Twitter
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