Acquiring Minds

How One Tiny Acquisition Grew Into a Holdco


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Matt Huggins bought a small water & cable utility doing $200k/year. 15 years later, his holdco is on track for $20m/yr. 

Topics in this interview:

  • Matt's decision to step off the academic track
  • Matt's career as a professional online poker player
  • Transitioning from poker to small business
  • Acquiring a utilities company for a group of condos
  • The surprising complexity of running a utilities company
  • Starting a manhole lining business 
  • The stability and diversity of the water industry
  • Acquiring businesses from retiring owners without needing capital
  • The value of a fractional CFO
  • The reward of helping employees

References and how to contact Matt:

  • Twitter
  • LinkedIn
  • Peak Group Companies
  • Advanced Lining
  • Peak Water Services
  • Advanced Pump & Equipment
  • Gordo Sales

Get a complementary pre-acquisition HR & PEO review for your target business:

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

  • More Staffing

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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