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Latest / Acquiring Minds

Buying Then Losing a $2.1m HVAC Business

Dan Burnside thought he got a great deal on an $800k SDE business. Instead he'd bought bad faith and years of struggle.

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Topics in Dan’s interview:

Buying in a small, rural area

Discovering seller fraud after acquisition

Key employee leaves and starts competing business

Working to integrate himself into the community

HVAC techs resisted technology changes

Wife and kids unhappy in the new place

Getting his Master Mechanical Contractor license

Customers not paying their invoices

Hiring…

The skinny

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