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Tracy Alloway

πŸ‘€ Speaker
2262 total appearances
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Appearances Over Time

Podcast Appearances

Odd Lots
Brad Jacobs on His Big Bet on Building Insulation

But when you were negotiating on the top bill deal, what was like the biggest sticking point that you had to haggle out?

Odd Lots
Brad Jacobs on His Big Bet on Building Insulation

What was the biggest point of contention?

Odd Lots
Brad Jacobs on His Big Bet on Building Insulation

Well, it's always price.

Odd Lots
Brad Jacobs on His Big Bet on Building Insulation

Because the buyer wants the lowest possible price and the seller wants the highest possible price.

Odd Lots
Brad Jacobs on His Big Bet on Building Insulation

But we found a compromise.

Odd Lots
Brad Jacobs on His Big Bet on Building Insulation

We found something in the middle that was fair, both for them and for us.

Odd Lots
Brad Jacobs on His Big Bet on Building Insulation

That was really the main sticking point.

Odd Lots
Brad Jacobs on His Big Bet on Building Insulation

The other stuff we saw eye to eye, they're very similar cultures in a lot of different ways.

Odd Lots
Brad Jacobs on His Big Bet on Building Insulation

They're good operators.

Odd Lots
Brad Jacobs on His Big Bet on Building Insulation

We're good operators.

Odd Lots
Brad Jacobs on His Big Bet on Building Insulation

They've done a lot of M&A.

Odd Lots
Brad Jacobs on His Big Bet on Building Insulation

They've done a few dozen deals that built up the company.

Odd Lots
Brad Jacobs on His Big Bet on Building Insulation

We're big in M&A.

Odd Lots
Brad Jacobs on His Big Bet on Building Insulation

As you know, my teams and I have done over 500 acquisitions.

Odd Lots
Brad Jacobs on His Big Bet on Building Insulation

So there's a lot of stuff in common that we had a lot of mutual affinity and respect over.

Odd Lots
Brad Jacobs on His Big Bet on Building Insulation

By the way, I know this is no longer your thing anymore, but I'm just looking at some of the other companies in the XO family.

Odd Lots
Brad Jacobs on His Big Bet on Building Insulation

XPO, that stock is on an absolute tear.

Odd Lots
Brad Jacobs on His Big Bet on Building Insulation

And I've been seeing like trucking is like kind of back, like trucking is hot these days.

Odd Lots
Brad Jacobs on His Big Bet on Building Insulation

Can you talk a little bit about what's going on in freight?

Odd Lots
Brad Jacobs on His Big Bet on Building Insulation

And obviously, even though it's like your main focus these days, I'm sure your business touches freight every single day.