- 1 hour 25 minutesThe Origin Story of a Compounder ($80m and Counting)
Greg Shapiro & Zach Cooper-Vastola are building a long-term, compounding business they see as the anti-PE of the trades.
Register for the webinar:
Franchising for the ETA Buyer: Resales, Roll-Ups, and Real Deals - TODAY - https://bit.ly/49sKF4HTopics in Greg and Zach’s interview:
- Founders combined technical and financial expertise
- Shifted from SaaS to long-term ownership
- Acquired century-old Manhattan HVAC company
- High cost and complexities of New York market
- Avoided SBA limits to scale acquisitions
- What “Anti-PE” means to them
- Digitization takes longer than you think
- Living lean on low salaries
- Predicting HVAC roll-up market shakeout ahead
- Influence and investment from Will Thorndike
References and how to contact Greg and Zach:
- Hickory
- Greg Shapiro LinkedIn
- Zach Cooper-Vastola LinkedIn
- Will Thorndike
- Steve Carroll on Acquiring Minds: ETA Unicorn: $1 Billion in Revenue in 5 Years
Get a complimentary IT audit for acquisition diligence or post-close transition.
- Visit inzotechnologies.com/eta.
The ecosystem for serious acquisition entrepreneurs—education, capital, community, and post-close support to buy and grow a business:
Get complimentary due diligence on your acquisition's insurance & benefits program:
Connect with Acquiring Minds:
- See past + future interviews on the YouTube channel
- Connect with host Will Smith on LinkedIn
- Follow Will on Twitter
Edited by Anton Rohozov and produced by Pam Cameron
4 June 2026, 7:00 am - 1 hour 46 minutesStarted as SBA Searcher, Built to a PE Fund
The first business Joe Wechsler bought had $280k of SDE. Seven years later, he runs a fund with $50m of buying power.
Register for the webinar:
- Franchising for the ETA Buyer: Resales, Roll-Ups, and Real Deals - Thu, June 4 - https://bit.ly/4vnGP5u
Topics in Joe’s interview:
- Background in management consulting
- Inspired by Rich Dad Poor Dad to own assets
- Joining an early cohort of the Acquisition Lab
- Searching is more fun with a partner
- First deal died 10 days before closing
- Discovering employees had never been paid overtime
- Total office staff turnover in first 4 months
- Acquiring 4 diverse businesses
- Launching a $25M equity fund with 5 partners
- It’s all about the people
References and how to contact Joe:
- Blueline Ventures
- Who by Geoff Smart and Randy Street
- Rich Dad, Poor Dad by Richard T. Kiyosaki
Get a free review of your books & financial ops from System Six (a $500 value):
- Book a call with Tim or [email protected] and mention Acquiring Minds
Download the New CEO’s Guide to Human Resources from Aspen HR:
- From this page or contact [email protected]
Work with an SBA loan team focused exclusively on helping entrepreneurs buy businesses:
Connect with Acquiring Minds:
- See past + future interviews on the YouTube channel
- Connect with host Will Smith on LinkedIn
- Follow Will on Twitter
Edited by Anton Rohozov and produced by Pam Cameron
1 June 2026, 7:00 am - 1 hour 23 minutesBuying $1.5m of Earnings Without an SBA Loan
As a South African in the US, Justus Luttig had to get creative to search then buy 2 trades businesses at the same time.
Register for the webinar:
- New $10m Limit for SBA Loans: What You Need to Know - TODAY!! - https://bit.ly/4v3zKXh
Topics in Justus’s interview:
- Growing up on a cattle ranch in South Africa
- Disillusioned with the venture capital bubble
- Perception of white collar work as “the dream”
- Meeting successful owners of blue-collar businesses
- Big deal failure on his birthday
- Structuring a deal without the SBA
- Challenges of searching on an H1B visa
- Merging an HVAC with a plumbing business
- The magic happens when you leave your desk
- Acquiring during the slow season
References and how to contact Justus:
The ecosystem for serious acquisition entrepreneurs—education, capital, community, and post-close support to buy and grow a business:
Get complimentary due diligence on your acquisition's insurance & benefits program:
Download the New CEO’s Guide to Human Resources from Aspen HR:
- From this page or contact [email protected]
Connect with Acquiring Minds:
- See past + future interviews on the YouTube channel
- Connect with host Will Smith on LinkedIn
- Follow Will on Twitter
Edited by Anton Rohozov and produced by Pam Cameron
28 May 2026, 7:00 am - 1 hour 33 minutesThe Magic of Low Multiple + Growth
David Graf went after a business that had sat on the market, acquiring $750k of EBITDA for 2.7x. It's going well.
Register for the webinars:
- Negotiating Working Capital in SMB Acquisitions - TOMORROW!! - https://bit.ly/4a2ozGe
- New $10m Limit for SBA Loans: What You Need to Know - Thu, May 28 - https://bit.ly/49j3V4t
Topics in David’s interview:
- Drive to earn money as a kid
- Choosing to skip business school
- Advantages of acquiring in Texas
- Preparing his case to convince his wife
- Working full time while searching
- Growth is often underpriced
- Wholesaling real estate he didn’t want
- How to decide whether to keep an employee
- Joining a group for manufacturing owners
- Near-crisis days before closing
References and how to contact David:
Work with an SBA loan team focused exclusively on helping entrepreneurs buy businesses:
Get a complimentary IT audit for acquisition diligence or post-close transition.
- Visit inzotechnologies.com/eta.
Get a free review of your books & financial ops from System Six (a $500 value):
- Book a call with Tim or [email protected] and mention Acquiring Minds
Connect with Acquiring Minds:
- See past + future interviews on the YouTube channel
- Connect with host Will Smith on LinkedIn
- Follow Will on Twitter
Edited by Anton Rohozov and produced by Pam Cameron
25 May 2026, 7:00 am - 1 hour 55 minutesRolling Up an Industry with 1.5x Multiples
Truc Nguyen has acquired 2 nail salons, an overlooked but fragmented industry where businesses trade at low multiples.
Register for the webinar:
- Negotiating Working Capital in SMB Acquisitions - Tue, May 26 - https://bit.ly/4eQfCTR
Topics in Truc’s interview:
- Why she chose the nail salon industry
- Her vision for a rollup
- Analyzing a current nail salon business listing
- Low multiples in the nail space
- Bargaining power of good nail techs
- Square footage and number of chairs matters
- Documenting SOPs for her first salon
- Staffing a 7-day-a-week business
- Creating a great company culture
- The changing face of nail salons
References and how to contact Truc:
- Sarah Romer on Acquiring Minds: How to Buy a Salon as an Industry Outsider (and Survive)
Get complimentary due diligence on your acquisition's insurance & benefits program:
Work with an SBA loan team focused exclusively on helping entrepreneurs buy businesses:
The ecosystem for serious acquisition entrepreneurs—education, capital, community, and post-close support to buy and grow a business:
Connect with Acquiring Minds:
- See past + future interviews on the YouTube channel
- Connect with host Will Smith on LinkedIn
- Follow Will on Twitter
Edited by Anton Rohozov and produced by Pam Cameron
21 May 2026, 7:00 am - 1 hour 49 minutesThe Origins and Future of a 9-Figure SMB Holdco
Gant Elmore and Matt Moldenhauer each bought $2m businesses they built over years. Today their holdco does over $200m.
Register for the webinar:
- Revenue Recognition & Quality of Revenue in SMB Deals - TOMORROW!! - https://bit.ly/4dMvx4w
Topics in Matt & Gant’s interview:
- 3 generations of acquisition entrepreneurs
- Matt started as operator, became partner
- Bain mentors warned Matt not to do ETA
- Goal of owning 50 companies by 2050
- Being the Ferrari in a price-competitive industry
- Why they prefer holding to exiting
- Challenge of giving control to an operator
- Gant and his dad teach ETA together
- War stories from small business operations
- Demand exceeds supply of great businesses
References and how to contact Matt & Gant:
Download the New CEO’s Guide to Human Resources from Aspen HR:
- From this page or contact [email protected]
Get a free review of your books & financial ops from System Six (a $500 value):
- Book a call with Tim or [email protected] and mention Acquiring Minds
Get a complimentary IT audit for acquisition diligence or post-close transition.
- Visit inzotechnologies.com/eta.
Connect with Acquiring Minds:
- See past + future interviews on the YouTube channel
- Connect with host Will Smith on LinkedIn
- Follow Will on Twitter
Edited by Anton Rohozov and produced by Pam Cameron
18 May 2026, 7:00 am - 1 hour 24 minutesToo Good to Be True: Year 1 in a $700k SDE Business
Zack Mutnik thought he bought a $1.5m electrical contracting business for 2.3x. The numbers weren't what they seemed.
Register for the webinar:
- Kill It Early: Spot Red Flags Before Spending on Diligence - TODAY!! - https://bit.ly/4eBVO6E
Topics in Zack’s interview:
- Learning leadership in the Navy
- Managing chaos with ADHD
- Undisclosed surprises after acquisition
- Replacing 8/10 employees
- Heavy emphasis on company culture
- Deciding to change the business name
- Training his employees to be independent
- Growing revenue despite a rocky start
- Marketing is not a quick fix
- Finding employees in a rural market
References and how to contact Zack:
Get a complimentary IT audit for acquisition diligence or post-close transition.
- Visit inzotechnologies.com/eta.
Download the New CEO’s Guide to Human Resources from Aspen HR:
- From this page or contact [email protected]
Get complimentary due diligence on your acquisition's insurance & benefits program:
Connect with Acquiring Minds:
- See past + future interviews on the YouTube channel
- Connect with host Will Smith on LinkedIn
- Follow Will on Twitter
Edited by Anton Rohozov and produced by Pam Cameron
14 May 2026, 7:00 am - 1 hour 17 minutesHow to Structure Around Risk in a $250k SDE Acquisition
Alicia Powers wanted to buy a general contractor but understood the risks in such businesses and negotiated accordingly.
Register for the webinar:
- Kill It Early: Spot Red Flags Before Spending on Diligence - Thu, May 14 - https://bit.ly/4wqiYU3
Topics in Alicia’s interview:
- Air Force construction experience
- Corporate job at an elevator company
- Leading a shower remodeling startup
- Layoff motivated her toward acquisition
- Why franchising isn’t for her
- Acquiring a small construction business
- Getting her general contractor license
- Specializing in home additions/ADUs
- Tailwinds in the San Diego area
- Surprisingly long sales cycle
References and how to contact Alicia:
Get a free review of your books & financial ops from System Six (a $500 value):
- Book a call with Tim or [email protected] and mention Acquiring Minds
The ecosystem for serious acquisition entrepreneurs—education, capital, community, and post-close support to buy and grow a business:
Work with an SBA loan team focused exclusively on helping entrepreneurs buy businesses:
Connect with Acquiring Minds:
- See past + future interviews on the YouTube channel
- Connect with host Will Smith on LinkedIn
- Follow Will on Twitter
Edited by Anton Rohozov and produced by Pam Cameron
11 May 2026, 7:00 am - 1 hour 23 minutesBuying Small to Build for the Long Term ($300k SDE)
Brendan Duebner's goal is to build a healthy, long-term business of 20-40 people. Buying a $1.2m MSP was his first step.
Topics in Brendan’s interview:
- Learning to lead in the Army
- Summer internship with Josh Medow
- Cold calling is unpleasant but effective
- Living and acquiring in the Bay Area
- Working in the business before closing
- Signs of seller integrity
- 85% seller note with no personal guarantee
- Implementing EOS himself
- Choosing to only hire local
- His mission of building a tribe
References and how to contact Brendan:
- IT Total Care
- Josh Medow on Acquiring Minds: How to Unlock Growth in a 40-Year-Old Business You Buy
- Abhi Ravishankar on Acquiring Minds: The $50m Lifestyle Holdco
Work with an SBA loan team focused exclusively on helping entrepreneurs buy businesses:
Get complimentary due diligence on your acquisition's insurance & benefits program:
Download the New CEO’s Guide to Human Resources from Aspen HR:
- From this page or contact [email protected]
Connect with Acquiring Minds:
- See past + future interviews on the YouTube channel
- Connect with host Will Smith on LinkedIn
- Follow Will on Twitter
Edited by Anton Rohozov and produced by Pam Cameron
7 May 2026, 7:00 am - 1 hour 5 minutesA $800k Business to Start, $60m Portfolio Today
Andrew Blazenko has made 6 acquisitions over the last ten years. Pairing businesses with operators is key to his model.
Topics in Andrew’s interview:
- Background as a business broker
- Wanted the exit joy for himself
- Danger of low barrier to entry
- Finding great operators to run his businesses
- Business acquisition requires reps
- Executive in Residence program
- Requiring operators to invest in the business
- Difficulty of raising equity in Canada
- Shipping costs as a natural moat
- Living as a “gentleman of leisure”
References and how to contact Andrew:
The ecosystem for serious acquisition entrepreneurs—education, capital, community, and post-close support to buy and grow a business:
Get a complimentary IT audit for acquisition diligence or post-close transition.
- Visit inzotechnologies.com/eta.
Get a free review of your books & financial ops from System Six (a $500 value):
- Book a call with Tim or [email protected] and mention Acquiring Minds
Connect with Acquiring Minds:
- See past + future interviews on the YouTube channel
- Connect with host Will Smith on LinkedIn
- Follow Will on Twitter
Edited by Anton Rohozov and produced by Pam Cameron
4 May 2026, 7:00 am - 1 hour 53 minutesBuying Then Losing a $2.1m HVAC Business
Dan Burnside thought he got a great deal on an $800k SDE business. Instead he'd bought bad faith and years of struggle.
Register for the webinar:
- Add-Ons and Carve-Outs: How to Get Banks on Board - TODAY!! - https://bit.ly/4sO0MAt
Topics in Dan’s interview:
- Buying in a small, rural area
- Discovering seller fraud after acquisition
- Key employee leaves and starts competing business
- Working to integrate himself into the community
- HVAC techs resisted technology changes
- Wife and kids unhappy in the new place
- Getting his Master Mechanical Contractor license
- Customers not paying their invoices
- Hiring challenges in rural areas
- Bankruptcy and his new AI venture
References and how to contact Dan:
- Jan Roll on Acquiring Minds: 21 Months to Stability Buying a $1.2m SDE Business
Get complimentary due diligence on your acquisition's insurance & benefits program:
Get a free review of your books & financial ops from System Six (a $500 value):
- Book a call with Tim or [email protected] and mention Acquiring Minds
The ecosystem for serious acquisition entrepreneurs—education, capital, community, and post-close support to buy and grow a business:
Connect with Acquiring Minds:
- See past + future interviews on the YouTube channel
- Connect with host Will Smith on LinkedIn
- Follow Will on Twitter
Edited by Anton Rohozov and produced by Pam Cameron
30 April 2026, 7:00 am - More Episodes? Get the App