New Podcast: How This Former FinTech Executive Acquired A Commercial Plumbing Business And Doubled It In 6 Months

Hello SMB Deal Hunters!

I’m excited to share a new interview with Chad Anselmo, a former FinTech executive who acquired Texas-based commercial plumbing business MJ Mechanical.

In the first 6 months after taking over, Chad nearly doubled the business.

Previously, Chad spent 15 years in FinTech in CFO, CEO, and Founder roles and has several exits under his belt.

Today's issue is sponsored by SMB Diligence, the platform I helped start for matching business buyers with vetted legal counsel and Quality of Earnings providers.

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INTERVIEW

In the interview with Chad, we discuss:

• How Chad spent 3 months analyzing 72 industries, stack-ranking and scoring them based on a weighting system he developed

• How he hired a team of 6 interns to look at public data on these industries to score these businesses (including what they looked for)

• Why Chad decided to focus on trade services based on his analysis, and how he’s since refined to focus on trade services for commercial construction inside Texas

• The 2 reasons why 3-4 of Chad’s LOIs fell apart during his search

• How to buy a plumbing business that requires licenses if you’re not licensed yourself

• Why PE generally doesn’t pursue commercial plumbing

• What Chad has focused on since taking over that’s led to the business almost doubling just 6 months post-acquisition

• And more!

👉 Watch the full 53-minute interview with Chad

PRESENTED BY SMB DILIGENCE

Here’s Why You Shouldn’t Skip Due Diligence…

A friend of mine put a business under LOI and asked me for my advice.

I recommended he contract a 3rd party due diligence partner to rebuild the company's P&L from scratch.

Turns out their EBITDA was off by 2x 😳

Enter SMB Diligence.

SMB Diligence is the platform I helped start for matching business buyers with vetted diligence providers, from M&A lawyers to Quality of Earnings providers.

Their network of experts has worked on hundreds of small business transactions (including many from the SMB Deal Hunter community).

👉 Get introduced to due diligence experts today

COMMUNITY PERKS

• Want to invest passively in SMB acquisitions? Get access to investment opportunities.

• Get a personal introduction to my preferred SBA 7(a) lender, non-SBA lenders, Quality of Earnings providers, or legal counsel

• Raising capital for your deal? I’ll connect you with investors from the SMB Deal Hunter Community.

• Interested in selling your business? I’ll help you connect with buyers from the SMB Deal Hunter Community.

THAT’S A WRAP

Want me to interview you for my podcast? Hit reply.

See you tomorrow with some new deals!

-Helen Guo
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Disclaimer

This publication is a newsletter only and the information provided herein is the opinion of our editors and writers only. Any transaction or opportunity of any kind is provided for information only; SMB Deal Hunter does not verify nor confirm information. SMB Deal Hunter is not making any offer to readers to participate in any transaction or opportunity described herein.