ETA·BRAINa Katyella project

Acquiring Minds

Taking a Single-City Acquisition Nationwide

Excerpts · 395 segments · ~1:29:52 long

Short excerpts only — hear the full conversation on the publisher's site.

What did the whole acquisition portfolio look like by the end of your tenure?

So by the end we, we've done a few more acquisitions. So I guess we, we did go to market and you know, found a sort of equity recapitalization, which means sell the company to what was a private equity buyer who's, you know, really reputable and you know, really aligned on that vision. And, and so we did do additional acquisition Florida and Georgia during my tenure.

So really from the start we were 80 employees in that one market in that one state. And by the end we were eight branches in five states from Florida, Georgia, Minnesota, Colorado, and then two in Washington. So also Spokane, Washington with probably just under 200 employees.

And so so you searched, you exited, but you carried on as CEO of the business post exiting to the private equity group.

That's exactly right. So I stayed on for about two years post that acquisition. So operated for four and a half years under the traditional search fund ownership and then two years under really a 90 plus percent single sponsor private equity ownership.

And during your four and a half years as the, under the traditional search fund model still, how much of that geographic expansion was there? How many branches were there at the end of that?

So we had the three branches at that point. So call it four years in.

Yep, Denver, Denver, Twin Cities, Seattle. And then in your two years as CEO under the private equity group, you bought another five, acquired another five.

No, it ended up being four more branches, but it was really one, one acquisition. We'll say oh, okay, okay.

Oh right. And then you, and then you spun one up from zero in Spokane, Is

Want what comes before or after? Hear the full episode on the publisher's site ↗