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Acquiring Minds
Will Smith
410 episodes
3 days ago
Buying a business is an amazing path for many successful entrepreneurs. Learn how to buy a business from the entrepreneurs who have already done it. 2x per week: stories, insights, & valuable advice about acquisition entrepreneurship. Hosted by Will Smith, who is on his own path to acquire a business. Also on YouTube: https://www.youtube.com/@AcquiringMinds Sign up for episode summaries at: https://acquiringminds.co
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Entrepreneurship
Business,
Investing
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All content for Acquiring Minds is the property of Will Smith and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
Buying a business is an amazing path for many successful entrepreneurs. Learn how to buy a business from the entrepreneurs who have already done it. 2x per week: stories, insights, & valuable advice about acquisition entrepreneurship. Hosted by Will Smith, who is on his own path to acquire a business. Also on YouTube: https://www.youtube.com/@AcquiringMinds Sign up for episode summaries at: https://acquiringminds.co
Show more...
Entrepreneurship
Business,
Investing
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$60m Roll-Up That Started With an SBA Acquisition
Acquiring Minds
1 hour 29 minutes
1 month ago
$60m Roll-Up That Started With an SBA Acquisition

Onu Okebie and Brian Boland wanted to retain 100% ownership when they began, so they used an SBA loan. It has paid off.

Register for the webinars: 

  • The ABCs of Franchise M&A: Deal Sourcing, Diligence, and Integration - TODAY! -  https://bit.ly/481yThO
  • How PACT Simplifies Investor Deals Using SBA - Tue Oct 7th - https://bit.ly/48FjAvq

Topics in Brian and Onu’s interview:

  • Forming a partnership in business school
  • Searching for 2.5 years
  • Closing on their first business while still in school
  • Bootstrapping their first acquisition
  • Sacrifice and long commute the first year
  • Willingness to “be bad at something”
  • Complexity of niche/time-sensitive freight
  • Athletic grit carried them through acquisition challenges
  • Learning to pitch to investors
  • 5 acquisitions in less than 5 years

References and how to contact Brian and Onu:

  • Brian LinkedIn
  • Onu LinkedIn
  • HTL Freight
  • Webinar: Use an SBA Loan to Start a Roll-Up

Download the New CEO’s Guide to Human Resources from Aspen HR:

  • From this page or contact mark@aspenhr.com

Get a free review of your books & financial ops from System Six (a $500 value):

  • Book a call with Tim or hello@systemsix.com and mention Acquiring Minds

Get a complimentary IT audit of your target business:

  • Email Nick Akers at nick@inzotechnologies.com, and tell him you’re a searcher

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
Produced by Pam Cameron

Acquiring Minds
Buying a business is an amazing path for many successful entrepreneurs. Learn how to buy a business from the entrepreneurs who have already done it. 2x per week: stories, insights, & valuable advice about acquisition entrepreneurship. Hosted by Will Smith, who is on his own path to acquire a business. Also on YouTube: https://www.youtube.com/@AcquiringMinds Sign up for episode summaries at: https://acquiringminds.co