How to Buy & Exit 3 Street Sweeping Businesses | Manny Saxena Interview

Описание: Manny Saxena acquired 3 street-sweeping businesses in about one year, then exited them a few months later. He operated for 16 months total, making his tenure as operator shorter than his actual search. But he used those 16 months well, making both tactical and big strategic decisions aggressively to become the largest municipal street-sweeping company in northern California. A big roll-up noticed, and acquired his operation.

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Chapters
00:00:00. Introduction and background of Manny Saxena
00:07:19. Manny's experience with Broadtree Partners search fund accelerator
00:11:20. The advantages of being in the accelerator
00:16:48. Manny's search process and finding the street sweeping businesses
00:20:03. Why he chose a street-sweeping business during COVID
00:30:39. Customer concentration and CapEx in street sweeping
00:36:46. The transition into running a blue-collar business and motivating the team
00:39:01. Building relationships with employees and navigating cultural differences
00:44:20. Advice for other immigrants in business
00:50:49. The importance of attitude and soft skills in hiring
00:55:37. Small operational changes that produced big results
00:57:23. The pros and cons of having a union presence
01:03:55. Managing long-term contracts in an inflationary environment
01:12 :27. The decision to sell the business to a private equity firm
01:16:21. Technology he implemented that improved the company
01:24:29. His ongoing roll-up strategy in the solar industry
01:34:23. How to get in touch with Manny Saxena

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Acquiring Minds is a podcast about buying businesses. Acquiring an existing business is an awesome opportunity for many entrepreneurs, and host Will Smith talks to the people who do it. New episodes 2x per week.

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