Podknife - 8 Figs or Bust: Transitioning a Big Plumbing Business by Acquiring Minds

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8 Figs or Bust: Transitioning a Big Plumbing Business

Podcast |: Acquiring Minds
Publisher |: Will Smith
Media Type |: audio
Podknife tags |: Business,; Entrepreneurship,; Interview,; Investing,; Mergers & Acquisitions
Categories Via RSS |: Business,; Entrepreneurship,; Investing
Publication Date |: Feb 19, 2024
Episode Duration |: 01:51:15

https://bit.ly/3SUJhzQ

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:

LinkedIn
Twitter
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:

The Acquisition Lab

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

Oberle Risk Strategies - Search Fund Team

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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