Acquiring Minds

Hometown Holdco: Geography as Moat


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Sarah Chiles & Matthew Ferguson left careers in VC to buy the only auto repair shop for 35 miles in their native Aspen.

Topics in Sarah & Matthew’s interview:

  • Backgrounds in engineering and VC
  • Preserving local fabric by buying businesses
  • The “tackle shop” nature of businesses in small towns
  • Seasonality in a small resort town
  • Gaining the respect of employees
  • Vision of a hometown holdco
  • Crisis management when their operator left
  • Modernizing and restructuring the auto repair business
  • Finding out what each employee wants
  • Long-term commitment to Aspen 

References and how to contact Sarah & Matthew:

  • Sarah’s LinkedIn
  • Matthew’s LinkedIn
  • Aspen Total Automotive
  • Shop Fix Academy
  • STM Holdings
  • Adam Markley on Acquiring Minds: Getting Reps: Helping Others Look at Deals Led to a Holdco
  • Cassi Niekamp on Acquiring Minds: Buying a $1.2m Fencing Business & Earning Trust Quickly

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  • 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
Producer by Pam Cameron

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Acquiring MindsBy Will Smith

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