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Growing a Small 1st Acquisition into a Holdco Platform

Growing a Small 1st Acquisition into a Holdco Platform

FromAcquiring Minds


Growing a Small 1st Acquisition into a Holdco Platform

FromAcquiring Minds

ratings:
Length:
87 minutes
Released:
Mar 6, 2023
Format:
Podcast episode

Description

Andrew Hitchings bought a $250k SDE cooling biz. It has grown 3x and will now fund a 2nd acquisition, with more to come. Topics in Andrew’s Interview:
Andrew and his wife bought a home ventilation business in April 2020
How 7 months on a motorcycle prepared them for running a business together
His history in the Army, business school, and McKinsey & Company
How his business partner Max improved employee training
Why he looks at the P&L every day
Expanding their seasonal business to a year-round business
How they mitigated the risk of buying a business with a single employee
Three things a business owner should focus on
Why they hire for character, not experience
His strategy for building a holdco
References and how to contact Andrew:
LinkedIn
His partner: Marcela Fernandez

His other partner: Max Williams

Colorado Home Services
HBR Guide to Buying a Small Business
Greg Ambrosia
Chenmark
Connect with A-players who can run your business remotely:More StaffingLearn more about Walker Deibel's done-with-you buy-side advisory:The Acquisition LabConnect with Acquiring Minds:
See past + future interviews on the YouTube channel

Connect with host Will Smith on LinkedIn

Follow Will on Twitter
Released:
Mar 6, 2023
Format:
Podcast episode

Titles in the series (100)

Buying a business is an amazing path for many successful entrepreneurs. Learn how to buy a business from the entrepreneurs who have already done it. Stories, insights, & valuable advice about acquisition entrepreneurship. Hosted by Will Smith, who is on his own path to acquire a business.