@tmrwNotPromised@Thechat101 He will never watch it. This is a willfully ignorant idiot with a platform. Hes only interested in learning through 8 word headlines at most not 3 hour podcast
Nathan rolled up 11 tiny (<$1M EBITDA) HVAC companies, paying low 3x multiples. Now PE is interested in buying the group, and Nathan is already planning to do it all over again.
“I see a lot of opportunity in taking these really small mom-and-pop shops and building them up to the lower end of what a PE firm would be interested in acquiring. You can pick them up at 3x, sell them at 10x and repeat that process over and over.”
But this story almost ended before it began...
After acquiring his first two companies with an SBA loan, Nathan watched revenue collapse, burned through his cash, nearly lost his father's retirement savings and came dangerously close to bankruptcy.
The turning point was a complete rethink of incentives, compensation and how to build an acquisition platform that actually compounds.
Give it a listen. I hope you appreciate @A_LastingLegacy extreme transparency on everything, even him sharing how he overcame daily stress through drinking and how, to this day, he is still paying down his SBA note of $8,500 a month… Year six of 10 years on that. It’s very hard out there.
Timestamps:
0:00 Nathan's 11 acquisitions and $16M run-rate HVAC platform
0:25 From the first deal in 2020 to acquisition #11
1:24 From book publishing to buying HVAC businesses
3:55 Selling real estate to fund the first acquisition
4:33 Buying a one-technician HVAC company—and the costly assumptions that followed
7:58 Losing 40% of revenue almost immediately after closing
10:26 Acquisition #2 makes every problem much bigger
11:20 Running out of cash—twice
14:18 The decision to put everyone on commission
15:15 Every employee quits on the same day
16:21 The Indeed hire who changed the entire business
18:59 Fear, alcohol and nearly going bankrupt
23:13 One technician outperforms the rest of the company
25:52 Why Nathan waited a full year before doing acquisition #3
27:00 Acquisitions #3 and #4—and buying businesses the second time around
28:46 How his M&A due diligence completely changed
29:30 The "buying at-bats" framework for acquisitions
33:08 Why Lindley spends almost nothing on marketing
34:15 Turning acquired customer databases into new revenue
36:27 Hiring exceptional technicians and building repeatable systems
37:35 The company today: 50 employees across three markets
39:13 How Lindley integrates acquired businesses
42:38 Teaching acquired technicians to double their income
43:17 The acquisitions that didn't work—and why
46:47 Planning an exit and doing it all over again
49:04 Where to connect with Nathan
@HistorianUSA1 And if it took you 3 days he wouldn't pay you more. He'd say you broke the agreed time. All they know is lies and smelling like sour asshole first thing in the morning
@TheICHpodcast Ok heres your boring way to make money. Take that money convert to usd buy us treasury notes and collect the interest form the notes and bank interest. Guys a geek
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