Jul 1 in General discussion
I just talked to an entrepreneur who bought six companies in a few years.
(All while keeping high growth and profit)
He went from one financial practice to a multi-division company with six acquisitions and one more coming soon.
Here is his story:
The entrepreneur I interviewed is Jeff, a financial and investment expert. He turned his wealth management practice into a big company with many services.
It all started with a vision...
Jeff's firm made its first few acquisitions, including a small investment advisory, a tax planning division, and an insurance agency
But Jeff knew they could do more, and that's when they decided to do more deals.
Jeff's recent acquisitions include a financial advisory firm in Phoenix, AZ, and a tax practice in Spokane, WA. Next, they will buy an advisory firm in St. George, UT.
Each acquisition brings new challenges, but also new chances to grow...
For the Phoenix deal, Jeff used 100% external financing, with the bank covering most of the costs. The tax practice acquisition involved a different strategy, using internal resources and seller financing to pay for the transaction.
I just recorded a full 48 min interview where we discuss:
- The details of financial advisory vs. tax planning vs. insurance
- How to manage many businesses effectively
- The biggest lessons from each acquisition
And what Jeff would do differently if he had to start over.
Comment “jeff” below to get this interview and others like it.
1
21 comments
I just talked to an entrepreneur who bought six companies in a few years.
skool.com/the-acquisitionscom-community-2795
Learn how to make 💰 from business acquisitions
Leaderboard (30-day)
1
+7
2
+7
3
+6
4
+6
5
+5
powered by