Acquiring Minds

By: Will Smith
  • Summary

  • Buying a business is an amazing path for many successful entrepreneurs. Learn how to buy a business from the entrepreneurs who have already done it. 2x per week: stories, insights, & valuable advice about acquisition entrepreneurship. Hosted by Will Smith, who is on his own path to acquire a business. Also on YouTube: https://www.youtube.com/@AcquiringMinds Sign up for episode summaries at: https://acquiringminds.co
    2021 - 2023, Acquiring Minds
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Episodes
  • FedEx & Fencing: A Pivot into Ownership
    Apr 3 2025

    Register for the webinar:

    • 5 Steps to the Business Buying Process - Thu April 10th - https://bit.ly/41RC4oN

    After his foray into SMB ownership went well with FedEx routes, Matt O'Brien bought & doubled a $2.5m fencing business.

    Topics in Matt’s interview:

    • Buying and expanding FedEx routes
    • Nuances of buying a FedEx route
    • Selling his routes at peak value during Covid
    • Acquiring a commercial fencing business
    • Keeping the seller’s son on as president
    • Injecting more money for working capital
    • Impact of equipment on debt
    • Trucking acquisition that failed
    • Where he finds high quality employees
    • Private equity in the fencing industry

    References and how to contact Matt:

    • LinkedIn
    • Professional Fence Co.
    • Chris Edwards on Acquiring Minds: Buy, Grow, Exit for a 24x Return in 3.5 Years
    • Brett Kennedy on Acquiring Minds: Reflections on 2 Years in the Knife Fight
    • Sam Rosati on Acquiring Minds: How to Become an Independent Sponsor

    Work with an SBA broker who focuses exclusively on helping entrepreneurs buy businesses:

    • Matthias Smith of Pioneer Capital Advisory

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

    • Oberle Risk Strategies - Search Fund Team

    Download the New CEO’s Guide to Human Resources from Aspen HR:

    • From this page or contact mark@aspenhr.com

    Get $200 off your ticket to the M&A Launchpad Conference in Houston on May 3rd:

    • https://www.malaunchpad.com & enter code ACQUIRINGMINDS

    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
    Produced by Pam Cameron

    Show more Show less
    1 hr and 29 mins
  • Why Buy a Travel Agency (Because They Can Crush It)
    Mar 31 2025

    You thought the internet killed them off, but the travel agency Jared Benoff bought does $1m SDE by dominating a niche.

    Topics in Jared’s interview:

    • His 9.5 year stint at Twitter/X
    • Helping his dad with the family business
    • Buying his parents’ destination wedding business
    • Evolution of travel agencies
    • His dad’s successful YouTube videos
    • Advantages of buying the family business
    • Standing out with customer service
    • The pain of 4-star reviews
    • Working with a loan broker
    • Buying for 2x SDE

    References and how to contact Jared:

    • LinkedIn
    • Twitter
    • Vacationeeze
    • Shell Zhang on Acquiring Minds: Awakening to Entrepreneurship to Buy a Not-Boring Business
    • Jordan Evans on Acquiring Minds: White Collar Roll-Up from $700k to $12m

    Learn more about Walker Deibel's done-with-you buy-side advisory:

    • The Acquisition Lab

    Get a complimentary IT audit of your target business:

    • Email Nick Akers at nick@inzotechnologies.com, and tell him you’re a searcher

    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

    Get $200 off your ticket to the M&A Launchpad Conference in Houston on May 3rd:

    • https://www.malaunchpad.com & enter code ACQUIRINGMINDS

    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
    Produced by Pam Cameron

    Show more Show less
    1 hr and 18 mins
  • Deciding to Start, Not Buy, a Small Business
    Mar 27 2025

    Initially drawn to buying a business, Kevin Moyer instead decided to start a project-based blue collar business instead.

    Topics in Kevin’s interview:

    • Is the franchise fee worth it?
    • Buying 3 de novo Smash My Trash territories
    • His appreciation for reversible decisions
    • A small business is an extension of the owner
    • Recurring revenue is overrated
    • Simple is nice, but complexity is a moat
    • Starting a business with his friend
    • Advantages of having a business partner
    • Resiliency of physical world businesses
    • Simplicity of a binary outcome business

    References and how to contact Kevin:

    • LinkedIn
    • Twitter
    • Smash My Trash
    • Golden Home Access
    • Nick Haschka on Acquiring Minds: Building a $10m EBITDA Leader in a Fragmented Space
    • Kevin’s substack
    • Kevin’s substack post: Changing My Mind & What’s Next
    • Johannes Hock on Acquiring Minds: Buy and 3x a Project-Based Business in Just 2 Years

    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

    Get a complimentary IT audit of your target business:

    • Email Nick Akers at nick@inzotechnologies.com, and tell him you’re a searcher

    Get $200 off your ticket to the M&A Launchpad Conference in Houston on May 3rd:

    • https://www.malaunchpad.com & enter code ACQUIRINGMINDS

    Smithlist is a job board for leadership roles at small businesses. If you're not ready to buy a business but want to lead one:

    • Smithlist - Operate & Lead a Business

    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
    Produced by Pam Cameron

    Show more Show less
    1 hr and 20 mins

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The BEST Searchfund Advice!

We love Will Smith and the insights his podcast gives to us that is applicable for the whole deal process. He will even bring on guests on years later for them to recap on the transition process and everything in between.

Thanks for everything, Will!

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The best way to learn about search and acquiring small businesses

I’ve read Buy then Build, and HBR’s Guide to buying a Small Business. Both are great books on the nuts and bolts of ETA, but Will Smith’s podcast is then best way to learn from the experiences of over 100 acquisition entrepreneurs.

Great content, binge worthy, and always easy to listen to at >1.5x speed!

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