8 Figs or Bust: Transitioning a Big Plumbing Business

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Peter deBaptiste bought a 35-person plumbing business with 2 very technical, hands-on owners 1 hour away from his house.

Topics in Peter’s interview:

• Building operational skills in a start-up
• Acquiring Joe Cole Plumbing
• His disappointing first day as owner
• Buying from 2 co-owners
• Surprises in employee turnover
• Losing clients to a former employee
• What he likes about the plumbing business
• The complexities of working capital in construction
• Why he recommends holding off on strategy
• Underestimating his salary needs

References and how to contact Peter:

• LinkedIn
• Twitter
• Joe Cole Plumbing
• Episode with Peter's friend, Morgan McCauley:
  Taking the Plunge into Extreme Ownership

Learn more about Walker Deibel's done-with-you buy-side advisory:

• The Acquisition Lab

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• Oberle Risk Strategies - Search Fund Team

Connect with Acquiring Minds:

• See past + future interviews on the YouTube channel
• Connect with host Will Smith on LinkedIn
• Follow Will on Twitter