Acquiring Minds

8 Figs or Bust: Transitioning a Big Plumbing Business


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  • https://bit.ly/3SUJhzQ


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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
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Acquiring MindsBy Will Smith

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