Growing a Small 1st Acquisition into a Holdco Platform

Andrew Hitchings bought a $250k SDE cooling biz. It has grown 3x and will now fund a 2nd acquisition, with more to come.

Topics in Andrew’s Interview:

• Andrew and his wife bought a home ventilation business in April 2020
• How 7 months on a motorcycle prepared them for running a business together
• His history in the Army, business school, and McKinsey & Company
• How his business partner Max improved employee training
• Why he looks at the P&L every day
• Expanding their seasonal business to a year-round business
• How they mitigated the risk of buying a business with a single employee
• Three things a business owner should focus on
• Why they hire for character, not experience
• His strategy for building a holdco

References and how to contact Andrew:

• LinkedIn
• His partner: Marcela Fernandez
• His other partner: Max Williams
• Colorado Home Services
• HBR Guide to Buying a Small Business
• Greg Ambrosia
• Chenmark

Connect with A-players who can run your business remotely:

• More Staffing

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

• The Acquisition Lab

Connect with Acquiring Minds:

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