If you haven't seen it before and you don't realize this universe of businesses for sale that are that owners are looking for you to buy them exists, Biz by Sell can provide that aha. Moment and it's really mind blowing.
Acquiring Minds
$60m Roll-Up That Started With an SBA Acquisition
Short excerpts only — hear the full conversation on the publisher's site.
Yeah, it's really, it gets you started. Will it get you momentum points on the board? Right. I think we've evolved significantly since then. But you have to have those get started moments, right?
You have to start somewhere and then yeah, you evolve from there. 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.
Well let's here now about getting started. Onu, you mentioned your trucking business. I guess traditional trucking.
Like you had a truck driver who was working for you and you touched on logistics. We know that you guys are in a logistics business now. So was this a thesis driven project from the, from the get go or what?
H. How did, how did the business that you're in, the industry that you're in, what you're building today, how did that particular, how did that come to come to be?
Great question. And like I said, it took us two and a half years to find the right deal. And, and I would say when we first got started like we knew we wanted to stay in logistics and transportation in some capacity. We weren't as focused to start we're looking at warehousing, we're looking at asset based companies, we're looking at third parties.
So like it's, it was very, it was a very broad based search within that industry. But as time went on like we found it more beneficial to focus in a specific niche in a specific space which was non asset third parties. So like once we honed in on that, our success, we became a lot more successful in finding like the right opportunities versus just having more broad based search.
So to answer your question, it was a thesis within logistics and supply chain but we, we didn't really focus in on the non asset side until later on in our search. So you knew you were going to do logistics because you guys had this experience in logistics. Correct, correct.
Want what comes before or after? Hear the full episode on the publisher's site ↗