12 Small Business Acquisitions with Nick Hasckha of Cub Investments

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In this episode of the Top M&A Entrepreneurs podcast, host Jon Stoddard interviews Nick Hasckha of Cub Investments about small business acquisitions.


SHOW NOTES:
00:00 Intro
00:27   Call to Acquisition Adventure 
04:50   How he raised money
05:45   Where he found his first deal
07:15   How he chose his business partner
09:19   His business acquisition thesis
10:15   First acquisition metrics
11:43   Being the only sales guy - didn't know the names of the plants he is selling
12:47   Expenses - paying themselves - from tech to SMB
13:44   Tuck-ins - Buying a Competitor Book of Business
15:44   Tuck-in multiples - costs
17:44   Funding out of balance sheet + seller notes
19:10   San Francisco COVID brutal reckoning - the solution
21:30   Voting for higher salary
22:23   Fixing & Selling the Landscaping Acquisition - Why we sold
25:23   What they are looking for now - macro thesis & Luxury of time
27:05   Making Mistakes  - not knowing what you don't see
29:01   looking at the water/R&D/Labor industries - picks & shovels & not scalable
32:05  Switching roles at Cub Investments & designing software for the business
35:56   How Nick has changed - who Nick is today

RESOURCES & LINKS: 
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DealFlowSystem: https://dealflowsystem.net/
LinkedIn: https://www.linkedin.com/in/jonstoddard/