Buying a $40m Business as a 49-Year-Old First-Timer

Many Acquiring Minds guests are in their 30s or early 40s, some even in their late 20s, and I worry that this age pattern may lead listeners who are further along to feel like maybe this path of entrepreneurship through acquisition isn't for them. Well, today's guest begs to differ. Greg Hirsch bought his business at age 49 and he believes that his years of experience set him up much better to…

And succeed he did, partnering with the operator of a $40 million business to buy it from the owner, more than doubling that business to $85 million over four years, then exiting his position for a life changing outcome. Now 54 with a win under his belt and cash on his balance sheet, Greg foresees decades for himself of buying and building businesses as an acquisition entrepreneur. We also hear…

Today she joins us for a segment to speak about the impact that Greg's decision to go buy a business in his late 40s had on the household budget, on the family, on the marriage. You know that buying a business is an all in proposition that affects partners. It was so valuable to hear from one directly.

Please enjoy this interview with Greg Hirsch, former co owner of Pella Windows and Doors DFW. Welcome to Acquiring Minds, a podcast about buying businesses. My name is Will Smith.

Acquiring an existing business is an awesome opportunity for many entrepreneurs and on this. Podcast I talk to the people who do it. Running payroll, paying your bills, closing your.

Books and producing financials. These are critical tasks every business owner must do or oversee. But spending time on them distracts you from the leadership in growth work you want to do.

So let system 6 do it for you. Owned and led by a former Searcher, Chris Williams, System 6 is a leading outsourced finance team for hundreds of SMBs, including over 50 searcher acquired businesses. Chris, Tim and the System 6 team understand firsthand the challenges, the opportunities of jumping into a business as its new owner.

So whether you own your business already or have one under LOI, talk to System 6 about how they can give you time back and improve your financial operations. Mention Acquiring Minds and they'll provide a free review of your books and financial ops, a $500 value. Check out system6.com, link in the show notes or email helloystem6.com. Greg Hirsch, welcome to Acquiring Minds.

Thank you Will Smith, Glad to be here. Thank you Greg.

You were instrumental in a very successful rollup, one that resulted in an ipo. And then you decided it was time. To build your own business.

So at 49 years old, you bought a business. We're going to hear about both of those journeys today. And a bit later, we're also going.

To hear from your wife, Barbara, for her perspective on this whole journey. But let's start off with some background on you, please, Greg.