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.

Register for the webinar: 

•  Add-Ons and Carve-Outs: How to Get Banks on Board - TODAY!! - https://bit.ly/4sO0MAt

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 challenges in rural areas
• Bankruptcy and his new AI venture

References and how to contact Dan:

• LinkedIn
• Jan Roll on Acquiring Minds: 21 Months to Stability Buying a $1.2m SDE Business

Get complimentary due diligence on your acquisition's insurance & benefits program:

• Oberle Risk Strategies - Search Fund Team

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

The ecosystem for serious acquisition entrepreneurs—education, capital, community, and post-close support to buy and grow a business:

• The Acquisition Lab

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 and produced by Pam Cameron