Perils in Partnership: Plumbing Acquisition Gone Wrong
Josh Key partnered with a master plumber from his church to acquire a plumbing business doing $1.25m. It ended badly.
Topics in Josh’s interview:
Buying a plumbing business with a partner
Quitting his job to go all-in
Inadequate due diligence on his partner
His partner’s wife getting involved in the business
Emotional outbursts and threats from his partner
Employees and clients leaving due to the partner
Closing the business and filing for bankruptcy
What he learned about due diligence
How his mindset is guided by his faith
What he wants to do next
References and how to contact Josh…
The skinny
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