Okay. Okay. We've spent a lot of time in California and I've, through previous employment, had subsidiaries in California and was familiar with the pros and cons and challenges of that. Yeah, Part of this was looking for a company that eventually, when, you know, I've got kids in high school, once they're out of high school, that we could see ourselves moving to or at least having a second home…
Acquiring Minds
A Few Hours Per Week, a Few States Away
Excerpts · 303 segments · ~1:31:18 long
Short excerpts only — hear the full conversation on the publisher's site.
The weather's beautiful and there are some nice things to do there. What do the following Acquiring minds guests all have in common? Doug Johns, Morley Desai Tim Erickson, Chirag Shah, Shane Ursam.
They all went through the Acquisition Lab, the accelerator in community for people serious. About buying a business.
But they represent just a sliver of. The Lab's success stories. The number of deals across the Lab's cohorts now stands at over 120, with over $300 million in aggregate transaction value.
The Acquisition Lab was founded by Walker Deibel, author of Buy Then Build, the. Book that introduced so many of you to the very idea of buying a business. The Lab offers a month long, intensive, almost daily Q and A sessions with.
Advisors, live deal reviews with Walker, Deal. Team introductions, and an active community of serious searchers. Check out acquisitionlab.com link in the notes or email the Lab's co founder, Chelsea Wood.
Chelsea buy, then build.com tell us about the discovery of this business.
So yeah, this was in December and we came across the business that was listed on biz by Sell as a concrete flatwork company. Concrete flat work. Concrete flat work. So what concrete flat work is, is we pour garages, driveways, porches, patios and sidewalks for high production home builders. High production home builders.
So new homes are going in. It's a new development, a new subdivision, one of these big national names, or maybe not. Maybe it's a local regional home builder and they're doing, putting up a bunch of houses.
And these houses have certain concrete needs, the ones you just mentioned. Driveway, porch, sidewalk. What did I miss? Driveway, porch, patio, garage, patio, sidewalk, patio, garage.
Sorry. Yeah. And you guys will pour the concrete for that. You're so your customer is the home builder. Great. Okay. So very, as I said at the top, very tied to residential construction.
Actually new, new construction. So even more tied to cyclicality. We'll discuss and, and project based.
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