ETA·BRAINa Katyella project

Acquiring Minds

$60m Roll-Up That Started With an SBA Acquisition

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I don't think we got, we knew, we knew you bought it for a million and a half, but I don't think we heard revenue of that first business. It was about, about 4, 4 and a half mil. Yeah. Well just under 5 million in revenue. In revenue today.

Total employees. Yeah. What's that? Close to the size of employees. So in the freight world, you know a person per million in revenue is usually good angle. So when we started we had, you know, just under 5 million revenue with 5 people and with close to 70 people were pretty close to that on the, on the revenue side.

So it's usually a person per million in revenue and it's a, an old metric that carries, carries, carries well in the, over the test of the time. Great. And are there any rules of thumb related to margins in this world? So I mean we've been in brokerage, I mean the, the, the margins in the space with the bigger competitors are, are, are mid high single digits with more on the mid single digit…

I mean we've got a niche, a niche group of businesses. So we would operate at our size ahead of that, ahead of those bigger guys in the space. But that's very, that's typical for that's typical space.

Well that's, that's remarkable guys. And so how do you think about the future?

Are you guys building indefinitely? Are you building to a particular number? You don't know. You'll consider options as they come. We're, we're having way too much fun right now.

So we're, we're just building. I mean I use this saying all the time. We're chopping a lot of wood and we're just chopping.

We're chopping, we're chopping, we're chopping. And like I said earlier, it's as we get to the next level there are different challenges and man, that's just incredibly fun for me and Brian. So as far as like, what's the next thing we want to build a really good business, right?

A really good business that we can be proud of, our employees can be proud of, our investors can be proud of. Like that's really the big focus for us right now. Yeah, lots of opportunities still out there.

Will and only made the point where we're enjoying it a lot more now, where you've got scale and you've got a lot more people, you've got a lot more scale.

So I think we've got a long Runway here and really enjoying the process. And it's nice to have a team of people where you can focus more on the business and on those strategic initiatives to really help drive the business forward. Because for those initial years we were in the business on a daily basis.

So it's really nice to be able to step out and work on the business and all those important strategic priorities that are going to drive the business forward. You said earlier how your inorganic acquisitions, your inorganic growth, your acquisitions were about kind of filling out the portfolio of offerings to your customers.

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