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Tracy Alloway

๐Ÿ‘ค Speaker
2013 total appearances

Appearances Over Time

Podcast Appearances

Odd Lots
Brad Jacobs on His Big Bet on Building Insulation

What is it that you're able to do from day one versus what you're able to do in a year or two?

Odd Lots
Brad Jacobs on His Big Bet on Building Insulation

Well, the first thing that we do when we go in to buy a company, whether it's Top Build or anybody else, is we meet with as many people as we can and we ask them to just step back

Odd Lots
Brad Jacobs on His Big Bet on Building Insulation

get out of their normal comfort zone, and think about what would be the perfect circumstances and tools and techniques and repositioning of the company to grow even faster.

Odd Lots
Brad Jacobs on His Big Bet on Building Insulation

Where are their pain points?

Odd Lots
Brad Jacobs on His Big Bet on Building Insulation

Where are things that are holding them back?

Odd Lots
Brad Jacobs on His Big Bet on Building Insulation

And we collaboratively put together a business plan.

Odd Lots
Brad Jacobs on His Big Bet on Building Insulation

Now, I already know, like with every other acquisition we've done ever, technology is going to be the first thing.

Odd Lots
Brad Jacobs on His Big Bet on Building Insulation

Technology is

Odd Lots
Brad Jacobs on His Big Bet on Building Insulation

today slows people down in the market.

Odd Lots
Brad Jacobs on His Big Bet on Building Insulation

They've got to get the latest technology, the greatest warehouse management systems, which we'll bring to the table, the greatest TMS, transportation management systems, the greatest ERP, which is also using a CRM that's AI generated to empower the sales force to get productivity up.

Odd Lots
Brad Jacobs on His Big Bet on Building Insulation

Technology is the number one enabler

Odd Lots
Brad Jacobs on His Big Bet on Building Insulation

of synergies.

Odd Lots
Brad Jacobs on His Big Bet on Building Insulation

But there's going to be so many synergies here.

Odd Lots
Brad Jacobs on His Big Bet on Building Insulation

The cross-selling is a big one.

Odd Lots
Brad Jacobs on His Big Bet on Building Insulation

There are some cost savings.

Odd Lots
Brad Jacobs on His Big Bet on Building Insulation

When you're a bigger player, we're going to be the second biggest publicly traded building products distributor.

Odd Lots
Brad Jacobs on His Big Bet on Building Insulation

We will get, because we deserve, a better price from the manufacturers.

Odd Lots
Brad Jacobs on His Big Bet on Building Insulation

Bigger customers get bigger discounts, bigger rebates than the smaller customers.

Odd Lots
Brad Jacobs on His Big Bet on Building Insulation

So a building products distributor, like any distributor, makes money by buying products as cheap as possible

Odd Lots
Brad Jacobs on His Big Bet on Building Insulation

and then selling them at a reasonable price that's a markup from what you're buying.