In the latest episode of Hire Smarter™, Michael Collins shares insights into his journey in the building products industry and investment banking, emphasizing a strategic focus on large, fragmented markets ripe for acquisition. He highlights the significance of sustainable EBITDA in business valuations, urging listeners to steer clear of one-time or non-recurring items that could skew buyer perceptions. Collins also underscores the importance of succession planning and retaining key management talent during ownership transitions, as well as the competitive edge and higher margins that installation and service offerings can provide. Additionally, he discusses the transformative impact of technology adoption and the necessity of fully integrated ERP systems to maximize business value.