Eric Spofford

It really isn't. Like, the money's the scoreboard, but you play the game because you love the fucking game. And you want to win, but you still love to play.

It really isn't. Like, the money's the scoreboard, but you play the game because you love the fucking game. And you want to win, but you still love to play.

I just like it.

I just like it.

I know it inside and out. I understand the business intimately. It's, you know, for me, I had this conversation recently with the addiction treatment business. That is as much of an entrepreneurship and the sport of business journey as it is...

I know it inside and out. I understand the business intimately. It's, you know, for me, I had this conversation recently with the addiction treatment business. That is as much of an entrepreneurship and the sport of business journey as it is...

spiritual journey for me right like you go back into I come off of heroin and all these other drugs you know more than 18 years ago and I'm confronted with you know some guys in 12-step recovery Alcoholics Anonymous Narcotics Anonymous I get I get put into that process which changed my life Right?

spiritual journey for me right like you go back into I come off of heroin and all these other drugs you know more than 18 years ago and I'm confronted with you know some guys in 12-step recovery Alcoholics Anonymous Narcotics Anonymous I get I get put into that process which changed my life Right?

And part of that process is you actually make a decision and it's a prayer that you turn your will and your life over to the God. It's the third step in the 12 steps. People obviously probably wouldn't know much about this, but it's a contractual process between you and God that says, left to my own devices, I have destroyed my life. This is my best thinking got me here.

And part of that process is you actually make a decision and it's a prayer that you turn your will and your life over to the God. It's the third step in the 12 steps. People obviously probably wouldn't know much about this, but it's a contractual process between you and God that says, left to my own devices, I have destroyed my life. This is my best thinking got me here.

Fucking, you know, not in a good spot. Right? And so... Um, I need some help. And so the deal you cut with God is that, you know, he's got a job for you and it's your job to do that job. And in turn, if you do the job and the work that he's assigned to you, that he'll take care of you. And so when I sold my company. The next day we were busy, but my phone was just silent.

Fucking, you know, not in a good spot. Right? And so... Um, I need some help. And so the deal you cut with God is that, you know, he's got a job for you and it's your job to do that job. And in turn, if you do the job and the work that he's assigned to you, that he'll take care of you. And so when I sold my company. The next day we were busy, but my phone was just silent.

And over the coming months, it left this like void of like, I'd spent 13 years every day doing something that had a meaningful impact on other people. And all of a sudden like real estate's cool and I've made a lot of money in real estate, but like you're not really helping anyone. You know what I mean? And it's not, and so it just, it felt like a labor of love and I kind of got called back to it

And over the coming months, it left this like void of like, I'd spent 13 years every day doing something that had a meaningful impact on other people. And all of a sudden like real estate's cool and I've made a lot of money in real estate, but like you're not really helping anyone. You know what I mean? And it's not, and so it just, it felt like a labor of love and I kind of got called back to it

The target's a billion, but also understanding market cycles, the world changes. There's a lot of things that we know in 2025 that in 2027 are going to be different. Sure. You know, interest rates come down, the multiples go up. So there's a lot of things that you can't perfectly plan that process, but it's $500 million at a minimum.

The target's a billion, but also understanding market cycles, the world changes. There's a lot of things that we know in 2025 that in 2027 are going to be different. Sure. You know, interest rates come down, the multiples go up. So there's a lot of things that you can't perfectly plan that process, but it's $500 million at a minimum.

It is a much different grind this time because it's much more about a roll-up strategy, acquiring businesses, not building them organically. It's much faster.

It is a much different grind this time because it's much more about a roll-up strategy, acquiring businesses, not building them organically. It's much faster.

We're buying businesses. We're buying existing addiction treatment facilities. Yeah, and so we bought two. I bought one in October of last year, 2024. I bought another one in November. And right now we are ramping up with the target of buying four additional businesses facilities this year. We'd like to close and integrate one per quarter. So every three months we'll be acquiring a new one.

We're buying businesses. We're buying existing addiction treatment facilities. Yeah, and so we bought two. I bought one in October of last year, 2024. I bought another one in November. And right now we are ramping up with the target of buying four additional businesses facilities this year. We'd like to close and integrate one per quarter. So every three months we'll be acquiring a new one.