Acquiring Minds

8 Figs or Bust: Transitioning a Big Plumbing Business


Listen Later

Register here for the webinar, How to Raise Equity to Buy a Business

  • 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
...more
View all episodesView all episodes
Download on the App Store

Acquiring MindsBy Will Smith

  • 4.8
  • 4.8
  • 4.8
  • 4.8
  • 4.8

4.8

268 ratings


More shows like Acquiring Minds

View all
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch by Harry Stebbings

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

539 Listeners

The Knowledge Project by Shane Parrish

The Knowledge Project

2,684 Listeners

Founders by David Senra

Founders

2,196 Listeners

Capital Allocators – Inside the Institutional Investment Industry by Ted Seides – Allocator and Asset Management Expert

Capital Allocators – Inside the Institutional Investment Industry

793 Listeners

The Game with Alex Hormozi by Alex Hormozi

The Game with Alex Hormozi

4,486 Listeners

My First Million by Hubspot Media

My First Million

2,667 Listeners

All-In with Chamath, Jason, Sacks & Friedberg by All-In Podcast, LLC

All-In with Chamath, Jason, Sacks & Friedberg

10,222 Listeners

Minds Capital Podcast by Will Smith & Niklas James

Minds Capital Podcast

19 Listeners

Acquisitions Anonymous - #1 for business buying, selling and operating by Bill D'Alessandro, Mills Snell, Heather Endresen, and Michael Girdley

Acquisitions Anonymous - #1 for business buying, selling and operating

251 Listeners

Business Breakdowns by Colossus | Investing & Business Podcasts

Business Breakdowns

356 Listeners

The Startup Ideas Podcast by Greg Isenberg

The Startup Ideas Podcast

211 Listeners

Moneywise by Hampton

Moneywise

646 Listeners

The Koerner Office - Business Ideas and Deep Dives with Chris Koerner by Chris Koerner

The Koerner Office - Business Ideas and Deep Dives with Chris Koerner

256 Listeners

Think Big, Buy Small by Harvard Business School

Think Big, Buy Small

38 Listeners

David Senra by Scicomm Media

David Senra

227 Listeners