Growth Trough Acquisition

One of the huge kitchen exhaust guys in Myrtle Beach a few years ago talked about this was the way they grew so quickly. Can't remember his name Daryl Mirza?? maybe. Very interesting way of doing it and made perfect sense to me.
 
One of the huge kitchen exhaust guys in Myrtle Beach a few years ago talked about this was the way they grew so quickly. Can't remember his name Daryl Mirza?? maybe. Very interesting way of doing it and made perfect sense to me.

It didn't turn out to good for him


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I only missed one company purchase that was a deal. I should have known better because the guy was an x sub. He didn't understand production. Never produced more than 50,000 in any calendar year. I evaluated the portfolio wrong, a Freind bought it for peanuts an he realized he had 150,000 in Maint agreements. Not 50,000


The guy was a great sales person but lazy


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Maybe things were not as they appeared in front of the curtain...
 
Care to expand? He spoke about this at a Fort Worth round table. Something like "How to go from 1-400 employees through acquisitions"

Well when you take a 50 mil company to 7 over night that often doesn't work out well.

Sell the pieces an then get sued.

The list of mistakes are endless


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FYI I sold grocery division to a company years back to only get it all back with in a year.

They bought a client list then cut pressure washing from there portfolio.


The company was retail one. Yes they where larger than fleet wash. Just they where a privately held operation at the time.

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I had a competitor sell his business to a heavy equipment company. He continued working, billed through the new company and got a salary instead of doing it himself. Truck engine blew out a few weeks later, I got 1/2 his customers within a month and been crazy busy for the last year because of it. Best part about this, if I am too busy they call him, but I am first call and try my best to keep them all happy.

I have thought about buying a business, like Ron mentioned easier to just take the customers and go that way. There is no guarantee that once you buy the business unless you have agreements that people won't jump ship either.
 
In this business, when you buy a business, all you are buying is their equipment.

Not my business


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Mine either. If it is a business where the owner does only office work, and maybe a few jobs he enjoys, it is a marketable business.
 
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