Acquiring Minds

A Searcher’s Second Act: Building a $25m Holdco


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Smithlist is a job board for leadership roles at small businesses. If you're not ready to buy a business but want to lead one:

  • Smithlist - Operate & Lead a Business

After success as a traditional searcher, Eric Calderon started building an industry-focused holding company in 2020.

Topics in Eric’s interview:

  • Accepting investment from Rick and Royce
  • Acquiring through traditional search
  • Commitment to community banks
  • Ups and downs of the oil and gas industry
  • “You gotta tell your story to anyone who’s listening”
  • Emotional challenges of downsizing
  • Shared services vs. decentralization
  • Recruiting patient capital for a long-term hold
  • Why $1m SDE is the target size for holdco acquisitions
  • Evolving from operator to investor

References and how to contact Eric:

  • LinkedIn
  • TXE Capital
  • Rick & Royce on Acquiring Minds: The 2 Professors Who Helped Start the ETA Movement
  • Reid Pennebaker
  • ETA Circle - Houston

Get a free review of your books & financial ops from System Six (a $500 value):

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

Edited by Anton Rohozov
Produced by Pam Cameron

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Acquiring MindsBy Will Smith

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