Acquiring Minds

Business Collapse After Going All-In


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  • Due Diligence Office Hours - Wed Oct 16 - https://bit.ly/4h3R74o

  • Cap Tables 101: How Capital Structure Works When Buying a Business - Thu Oct 24 - https://bit.ly/3zT8sMA


Justin Willess liquidated his 401k to buy a $8.5m construction business. He lost the business and may lose his house.

Topics in Justin’s interview:

  • Frustration with his consulting career
  • Buying a construction company
  • Construction landscape in Northern Virginia
  • Discovering cooked books after transition
  • Seller refused to release promised funds
  • Emptying his 401k to make payroll
  • Calm is contagious
  • Closing the business
  • What he learned from the failed acquisition
  • Why he wants to acquire again

References and how to contact Justin:

Work with an SBA broker who focuses exclusively on helping entrepreneurs buy businesses:

  • Matthias Smith of Pioneer Capital Advisory

Get $200 off your ticket to the M&A Launchpad Conference in Chicago on October 26th:

  • https://www.malaunchpad.com & enter code ACQUIRINGMINDS

Learn more about Walker Deibel's done-with-you buy-side advisory:

  • The Acquisition Lab

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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Acquiring MindsBy Will Smith

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