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Bought an HVAC Business, Almost Lost It All, Then Did 9 More | Nathan Lindley
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What does it look like to buy a business with zero industry experience, nearly go broke twice, and still build a 10-company HVAC roll-up out of McKinney, TX? Nathan Lindley lived it.
In February 2020 — just weeks before COVID shut down the world — Nathan closed on his first HVAC acquisition using his own equity, his dad's retirement, and an inheritance loan from a friend. The business came with exactly one technician who held all the leverage, an owner-dependent customer base, and a model that almost ended Nathan's entrepreneurial career before it started.
After 15 years…
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