DiscoverAcquiring MindsPerils in Partnership: Plumbing Acquisition Gone Wrong
Perils in Partnership: Plumbing Acquisition Gone Wrong

Perils in Partnership: Plumbing Acquisition Gone Wrong

Update: 2024-12-19
Share

Description

Josh Key partnered with a master plumber from his church to acquire a plumbing business doing $1.25m. It ended badly.

Topics in Josh’s interview:

  • Buying a plumbing business with a partner
  • Quitting his job to go all-in
  • Inadequate due diligence on his partner
  • His partner’s wife getting involved in the business
  • Emotional outbursts and threats from his partner
  • Employees and clients leaving due to the partner
  • Closing the business and filing for bankruptcy
  • What he learned about due diligence
  • How his mindset is guided by his faith
  • What he wants to do next

References and how to contact Josh:

Work with an SBA broker who focuses exclusively on helping entrepreneurs buy businesses:

Get complimentary due diligence on your acquisition's insurance & benefits program:

Learn more about Walker Deibel's done-with-you buy-side advisory:

Connect with Acquiring Minds:

Comments 
00:00
00:00
1.0x

0.5x

0.8x

1.0x

1.25x

1.5x

2.0x

3.0x

Sleep Timer

Off

End of Episode

5 Minutes

10 Minutes

15 Minutes

30 Minutes

45 Minutes

60 Minutes

120 Minutes

Perils in Partnership: Plumbing Acquisition Gone Wrong

Perils in Partnership: Plumbing Acquisition Gone Wrong

Will Smith

We and our partners use cookies to personalize your experience, to show you ads based on your interests, and for measurement and analytics purposes. By using our website and our services, you agree to our use of cookies as described in our Cookie Policy.