Yeah. So in other, and so implication being that it was going to require more than $5 million of debt to take these two down and they were comfortable with that.
Acquiring Minds
Career Consultant Who Bought a 7-Figure Manufacturer
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Yeah. Without doing, there's a, there was a, there was going to be a tad of purpose to type model. Yeah. uh, for one of those. Um, but, um, we, we ended up not, um, we, we paused the, the work with the, the other company and, you know, there were a few reasons, um, that, that we looked to, you know, just bring that down as we got through diligence and closing.
Um, And I think the main thing is, when I looked at where they're at, we did see some areas where I still think there's opportunity for us to still work together and explore an acquisition, but wanted to pause and hold on that. And now that I've been in the seat at Metro... I see how overwhelming the day-to-day can be.
And in some ways, I'm thankful that I did pause that. But the upside of it is we are still working together. We're actually doing a project together.
We're doing a project for that other company right now. But just a great team. And I'm just so thankful that when I came back to them, I said, why don't we do this?
Why don't we, the very thing that we talked about doing, why don't we do a bit of that outsourcing? let us show you what we can do. And I think we've successfully done that.
We're completing a project for them now. They'll actually be at our shop tomorrow. I can't wait to see them.
And I'm hoping that it starts a longer term relationship. And then maybe down the road, we can reopen that at some point.
Yeah. Well, you'll certainly be better positioned in terms of information and really understanding. the synergies or not, the costs, et cetera. As you said, once you got into the seat at Metro, you realize just how much it is to own and operate a single business, let alone two, that you're going to have to integrate.
And actually on that point, Paul, I'm pressing you a little bit, but it seems like maybe you were too ambitious. But I applaud ambition, but at the same time... You know, for a first time, that seemed like a lot.
I don't disagree with you at all. It was very ambitious. I think that there's several things that made it reasonable in this case.
Metro on its own, because of the type of business we operate. There was no need to necessarily have to attain those synergies. I do think for both sides it was advantageous, but these did not have to be joined up from the get-go.
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