Acquiring Minds

Complexity Hides Fragility: Losing a $20m Business


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Joe Odell and his partner acquired a business with over $4m in earnings and lots of green flags. It went sideways fast.

Register for the webinar: 

  • How to Present Your Deal for Maximum SBA Success - Jan 8th - https://bit.ly/4snUKHY

Topics in Joe’s interview:

  • His blue collar, military background
  • Volunteering without pay for a consulting company
  • Ultimately rejecting the tech industry
  • Finding his search partner at business school
  • Seeking out a complex business
  • Doing traditional search, on his wife’s advice
  • Acquiring a home health adjacent company
  • Post-close cash crisis
  • Losing a key sales rep
  • Fatal “pen stroke risk”

References and how to contact Joe:

  • LinkedIn

Get a complimentary IT audit of your target business:

Download the New CEO’s Guide to Human Resources from Aspen HR:

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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