From Determined Searcher to $75m Accidental Holdco
Apr 10, 2023•1 hr 47 min
Listen to this episode in Metacast mobile app
Don't just listen to podcasts. Learn from them with transcripts, summaries, and chapters for every episode. Skim, search, and bookmark insights. Learn more
Episode description
Adam Duggins had 650 meetings to find his first business in 2013, not expecting he'd buy 3 more over the next 10 years.
Topics in Adam Duggins’s interview:
- Meeting with 650 people (in person!) during his search
- How Adam found his partner & structured their ownership
- How Adam became a holdco without meaning to
- How motivating blue collar workers versus white collar careerists is different
- Why Adam prefers working with blue collar versus white collar
- Buying businesses in overlooked geographies
- A bit about each of Adam's 4 businesses: steel fabrication, commercial HVAC, Jet-Hot, boiler services
- What to love about businesses in the construction industry
- Stability vs. growth
- Early mistakes as an owner
Links and how to contact Adam:
- New Page Capital
- W.C. Rouse
- Engineered Steel
- American Industrial Contractors
- Jet-Hot
- Adam’s email: adoug@newpagecapital.com
Get a complementary pre-acquisition HR & PEO review for your target business:
- Contact mark@aspenhr.com or visit Aspen HR
Connect with A-players who can run your business remotely:
Connect with Acquiring Minds:
- See past + future interviews on the YouTube channel
- Connect with host Will Smith on LinkedIn
- Follow Will on Twitter
For the best experience, listen in Metacast app for iOS or Android