Acquiring Minds

Growing a Small 1st Acquisition into a Holdco Platform


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Andrew Hitchings bought a $250k SDE cooling biz. It has grown 3x and will now fund a 2nd acquisition, with more to come. 

Topics in Andrew’s Interview:

  • Andrew and his wife bought a home ventilation business in April 2020
  • How 7 months on a motorcycle prepared them for running a business together
  • His history in the Army, business school, and McKinsey & Company
  • How his business partner Max improved employee training
  • Why he looks at the P&L every day
  • Expanding their seasonal business to a year-round business
  • How they mitigated the risk of buying a business with a single employee
  • Three things a business owner should focus on
  • Why they hire for character, not experience
  • His strategy for building a holdco

References and how to contact Andrew:

  • LinkedIn
  • His partner: Marcela Fernandez
  • His other partner: Max Williams
  • Colorado Home Services
  • HBR Guide to Buying a Small Business
  • Greg Ambrosia
  • Chenmark

Connect with A-players who can run your business remotely:

  • More Staffing

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
...more
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Acquiring MindsBy Will Smith

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