Bought a $450K Company - Grew It to $5M with Enrique Rodriguez

Описание: In this episode of the M&A Launchpad Podcast, hosts Casey Minshew and Ben Suttles sit down with Enrique Rodriguez, owner of Mag General Power Solutions. Enrique shares how he went from electrical engineer, master electrician, and professional engineer to business owner by acquiring an electrical contracting business for $450,000 in an all-cash deal in September 2024.

In this podcast episode, we discuss:

Deal terms: the $450K all-cash purchase and what was included (equipment, limited backlog/contracts, and accounts receivable)
Quality of Earnings: where small-business financials can mislead buyers (add-backs, credit cards, and lines of credit)
Post-close reality: managing cash flow, people, and growth capital in a contracting business
Scaling from roughly $1.3M revenue at close to a $5M annual run rate and what that growth required
Culture as a growth constraint: why growing too fast can change a company’s DNA

Guest Contact Info:
Email: [email protected]

Additional Resources:
Sponsored by O’Connell Advisory Group – Work with a trusted Quality of Earnings and Financial Diligence partner who focuses solely on business acquisitions. Visit: www.oconnelladvisorygroup.com.

Join us at the M&A Launchpad Conference on May 2, 2026 in Houston. Use code: LAUNCH for $150 Off. Get details: https://malaunchpad.com

Contact Casey Minshew and Feras Moussa: [email protected]. Explore more: https://www.equity-launchpad.com

Chapters:
00:00 – M&A Launchpad Conference invitation and what attendees can expect
00:47 – Sponsor message: why Quality of Earnings matters in business acquisitions
01:33 – Meet Enrique Rodriguez and the path from engineering to entrepreneurship
03:27 – Side work, building confidence, and deciding to buy instead of starting from scratch
06:10 – MBA vs. learning on the job: what Enrique uses every day as an owner
09:29 – Finding the business on BizBuySell and working through the broker process
13:21 – Proof of funds, licensing, and credibility checks for buyers
14:20 – Deal breakdown: $450K all-cash purchase and what was included
16:02 – Growth after close: from ~$1.3M revenue to a $5M run rate
17:17 – Cash flow, growth capital, and why saying yes to everything can break a contracting business
22:04 – 2026 priorities: culture, controlled growth, and securing a larger line of credit
25:43 – Diversification strategy: expanding into new regions and industries
27:04 – Rocket Round

About The M&A Launchpad:
The M&A Launchpad provides insights into acquiring, investing in, and selling profitable businesses in the lower to middle market. Whether you are a business owner, investor, or aspiring entrepreneur, we will provide you with the knowledge, guidance, and capital to navigate the world of mergers and acquisitions.

The M&A Launchpad presents a series of weekly podcast episodes and hosts an annual M&A Launchpad Conference tailored to the M&A community.

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