Growing a Small 1st Acquisition into a Holdco Platform

Andrew Hitchings bought a $250k SDE cooling biz. It has grown 3x and will now fund a 2nd acquisition, with more to come. Topics in Andrew’s Interview:Andrew and his wife bought a home ventilation business in April 2020How 7 months on a motorcycle prepared them for running a business togetherHis history in the Army, business school, and McKinsey & CompanyHow his business partner Max improved employee trainingWhy he looks at the P&L every dayExpanding their seasonal business to a year-round businessHow they mitigated the risk of buying a business with a single employeeThree things a business owner should focus onWhy they hire for character, not experienceHis strategy for building a holdcoReferences and how to contact Andrew:LinkedInHis partner: Marcela FernandezHis other partner: Max WilliamsColorado Home ServicesHBR Guide to Buying a Small BusinessGreg AmbrosiaChenmarkConnect with A-players who can run your business remotely:More StaffingLearn more about Walker Deibel's done-with-you buy-side advisory:The Acquisition LabConnect with Acquiring Minds:See past + future interviews on the YouTube channelConnect with host Will Smith on LinkedInFollow Will on Twitter

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