Acquiring Minds
Trailer
Bonus
Episode 311
Season 1
Perils in Partnership: Plumbing Acquisition Gone Wrong
Josh Key partnered with a master plumber from his church to acquire a plumbing business doing $1.25m. It ended badly.
Topics in Josh’s interview:
- Buying a plumbing business with a partner
- Quitting his job to go all-in
- Inadequate due diligence on his partner
- His partner’s wife getting involved in the business
- Emotional outbursts and threats from his partner
- Employees and clients leaving due to the partner
- Closing the business and filing for bankruptcy
- What he learned about due diligence
- How his mindset is guided by his faith
- What he wants to do next
References and how to contact Josh:
Work with an SBA broker who focuses exclusively on helping entrepreneurs buy businesses:
Get complimentary due diligence on your acquisition's insurance & benefits program:
Learn more about Walker Deibel's done-with-you buy-side advisory:
Connect with Acquiring Minds: