ETA Unicorn: $1 Billion in Revenue in 5 Years | Steve Carroll Interview

Описание: Today's guest thought he would buy a business with an SBA loan, pay down the debt, cashflow it, and live happily ever after. Instead, he has rolled up dozens of businesses in commercial HVAC and adjacent services to over a billion dollars in annual revenue. Traditionally for searchers who develops a vision to consolidate their industries, $100 million in revenue is the big, hairy, audacious goal. Today's interview with Steve Carroll might reframe what's possible. One of the key points of this entire journey was Steve going from acquisition #1 to acquisition #2. This interview could have been hours longer, but hopefully we did justice to at least the first couple of years of Steve's remarkable journey to build Kelso Industries to this unicorn of entrepreneurship through acquisition. Please enjoy Steve Carroll, CEO and co-founder of Kelso industries.

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Chapters:
00:00 Steve’s background
08:52 Walmart experience & entrepreneurial side hustles
12:27 First acquisition failure & passive ownership lessons
20:47 Pivot to partnership model & raising capital
30:01 Closing the Arizona deal & early challenges
41:23 Arizona transition & shift to partnership acquisitions
52:46 Building partnership model & scaling through deals
01:15:00 Shift from hold-co to operating company
01:29:06 Advice on replicating the model & industry expertise

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ABOUT Acquiring Minds
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.

Credits:
Edited by Anton Rohozov
Produced by Pam Cameron

#business #acquisitions #buyingbusiness