Bullseye: Buying a $1m SDE Business in a Hot Industry
Pete Ciaverilla bought a $12m HVAC business, then grew earnings 50% in 3 years. His timing couldn't have been better.
Topics in Peter’s interview:
Combining households with his parents while searching
Using a buy-side advisor
Funding less than 5% of the deal himself
Transitioning the seller’s family out of the business
Buying a company with 65 employees, $12M in revenue
Advantages of buying a bigger company
Balancing commercial and residential HVAC
Impact of seasonality on revenue
Why private equity likes HVAC
Feeling comfortable with taking on a large loan
References and how to contact…
The skinny
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