93 episodes

This show seeks out conversations with business owners and private investors to learn how to acquire and run small companies, with a special focus on search funds, micro private equity, and permanent capital.

Episodes released weekly. Learn more at alexbridgeman.com.

Think Like an Owner Alex Bridgeman

    • Business
    • 5.0 • 2 Ratings

This show seeks out conversations with business owners and private investors to learn how to acquire and run small companies, with a special focus on search funds, micro private equity, and permanent capital.

Episodes released weekly. Learn more at alexbridgeman.com.

    Timi Okah - Kingsway's First Acquisition in CEO Accelerator Program - EP.91

    Timi Okah - Kingsway's First Acquisition in CEO Accelerator Program - EP.91

    My guest in this episode is Timi Okah. Timi is the first CEO in Kingsway Financial CEO Accelerator Program, having acquired an HR and accounting business called the Ravix group in October this year of 2021. There's several interesting wrinkles within this search model. One of the most interesting being that Kingsway is a public company and Ravix was acquired as a subsidiary of Kingsway. On top of this, Kingsway has significant NOLs or net operating losses on their books, which offers a unique tax opportunity at Timi and Ravix.
    Over the course of this episode, Timi and I talk about his engineering background and switching to business, choosing Kingsway's program, pros and cons of buying on behalf of a public company, some nuances of working with public shareholders, and what he's excited to build within Ravix over the coming years. Enjoy. 
    Listen weekly and subscribe on iTunes, Spotify, Google Podcasts, Stitcher, Breaker, and TuneIn.
    Links Mentioned:Timi Okah on LinkedInTimi Okah on Twitter
    Think Like an Owner Sponsors:Live Oak Bank – Live Oak Bank is a seasoned SMB lender providing SBA and conventional financing for search funds, independent sponsors, private equity firms, and individuals looking to acquire lower middle-market companies. Live Oak has closed billions of dollars in SBA financing and is actively looking to help more small company investors across the country. If you are in the process of acquiring a company or thinking about starting a search, contact Lisa Forrest or Heather Endresen directly to start a conversation or go to www.liveoakbank.com/think.
    Hood & Strong, LLP – Hood & Strong is a CPA firm with a long history of working with search funds and private equity firms on diligence, assurance, tax services, and more. Hood & Strong is highly skilled in working with search funds, providing quality of earnings and due diligence services during the search, along with assurance and tax services post-acquisition. They offer a unique way to approach acquisition diligence and manage costs effectively. To learn more about how Hood & Strong can help your search, acquisition, and beyond, please email one of their partners Jerry Zhou at jzhou@hoodstrong.com. 
    Oberle Risk Strategies– Oberle is the leading specialty insurance brokerage catering to search funds and the broader ETA community, providing complimentary due diligence assessments of the target company’s commercial insurance and employee benefits programs. Over the past decade, August Felker and his team have engaged with hundreds of searchers to provide due diligence and ultimately place the most competitive insurance program at closing. Given August’s experience as a searcher himself, he and his team understand all that goes into buying a business and pride themselves on making the insurance portion of closing seamless and hassle-free.
    If you are under LOI, please reach out to August to learn more about how Oberle can help with insurance due diligence at oberle-risk.com. Or reach out to August directly at august.felker@oberle-risk.com.
    Interested in sponsoring?

    • 52 min
    Collin Hathaway - What You Learn Acquiring 12 Home Service Companies - Ep.90

    Collin Hathaway - What You Learn Acquiring 12 Home Service Companies - Ep.90

    My guest in this episode is Collin Hathaway. You might remember Collin from Episode 32 back in October 2020, which quickly became and has remained the most popular episode of Think Like An Owner. Collin joins me again to more deeply discuss lessons learned through his career of buying and building HVAC and plumbing businesses across the country. 
    Just like last time, this episode is filled with great stories, all centered around learning how to understand and work with people. Over the course of our conversation, we discussed Collin's first business acquisition in Utah that went south fast, the current market for HVAC and plumbing businesses, consequences of higher prices for those companies both to investors and those operating, governance searchers should expect from investors, and how to build companies that enable talented team members to advance their careers. Enjoy. 
    Listen weekly and subscribe on iTunes, Spotify, Google Podcasts, Stitcher, Breaker, and TuneIn.
    Links Mentioned:Collin Hathaway on LinkedInCollin Hathaway on TwitterSkylight CapitalThink LIke An Owner Episode 32 (Collin Hathaway - Investing and Operating in Home Services)Think Like an Owner SponsorsLive Oak Bank – Live Oak Bank is a seasoned SMB lender providing SBA and conventional financing for search funds, independent sponsors, private equity firms, and individuals looking to acquire lower middle-market companies. Live Oak has closed billions of dollars in SBA financing and is actively looking to help more small company investors across the country. If you are in the process of acquiring a company or thinking about starting a search, contact Lisa Forrest or Heather Endresen directly to start a conversation or go to www.liveoakbank.com/think.
    Hood & Strong, LLP – Hood & Strong is a CPA firm with a long history of working with search funds and private equity firms on diligence, assurance, tax services, and more. Hood & Strong is highly skilled in working with search funds, providing quality of earnings and due diligence services during the search, along with assurance and tax services post-acquisition. They offer a unique way to approach acquisition diligence and manage costs effectively. To learn more about how Hood & Strong can help your search, acquisition, and beyond, please email one of their partners Jerry Zhou at jzhou@hoodstrong.com. 
    Oberle Risk Strategies– Oberle is the leading specialty insurance brokerage catering to search funds and the broader ETA community, providing complimentary due diligence assessments of the target company’s commercial insurance and Employee benefits programs. Over the past decade, August Felker and his team have engaged with hundreds of searchers to provide due diligence and ultimately place the most competitive insurance program at closing. Given August’s experience as a searcher himself, he and his team understand all that goes into buying a business and pride themselves on making the insurance portion of closing seamless and hassle-free.
    If you are under LOI, please reach out to August to learn more about how Oberle can help with insurance due diligence at oberle-risk.com. Or reach out to August directly at august.felker@oberle-risk.com.
    Interested in sponsoring?

    • 56 min
    Jason Jackson - Rebuilding a Profitable Dental Care Business - Ep.89

    Jason Jackson - Rebuilding a Profitable Dental Care Business - Ep.89

    My guest on this episode is Jason Jackson. Jason searched and acquired Unified Dental Care, a collection of dental practices in the Detroit Metro in April 2017. Jason is quick to share all the mistakes he made through his search and his time as CEO. But you can tell he's an incredibly resilient person with tons of entrepreneurial energy.
    Jason and I talk about the challenges of turning around a bad culture, trying to establish trust in your team, hiring for core values, the pressure that comes from being a minority searcher, and how running a business is just like boxing. This is such a fun conversation around perseverance, fighting through hard times, and building a better future for yourself and your family. I hope you enjoy it as much as I did.
    Listen weekly and subscribe on iTunes, Spotify, Google Podcasts, Stitcher, Breaker, and TuneIn.
    Links Mentioned:Jason Jackson on LinkedInUnified Dental careThink Like an Owner SponsorsLive Oak Bank - Live Oak Bank is a seasoned SMB lender providing SBA and conventional financing for search funds, independent sponsors, private equity firms, and individuals looking to acquire lower middle market companies. Live Oak has closed billions of dollars in SBA financing and is actively looking to help more small company investors across the country. If you are in the process of acquiring a company or thinking about starting a search, contact Lisa Forrest or Heather Endresen directly to start a conversation or go to www.liveoakbank.com/think.
    Hood & Strong, LLP - Hood & Strong is a CPA firm with a long history of working with search funds and private equity firms on diligence, assurance, tax services, and more. Hood & Strong is highly skilled in working with search funds, providing quality of earnings and due diligence services during the search, along with assurance and tax services post-acquisition. They offer a unique way to approach acquisition diligence and manage costs effectively. To learn more about how Hood & Strong can help your search, acquisition, and beyond, please email one of their partners Jerry Zhou at jzhou@hoodstrong.com. 
    Oberle Risk Strategies- Oberle is the leading specialty insurance brokerage catering to search funds and the broader ETA community, providing complimentary due diligence assessments of the target company's commercial insurance and Employee benefits programs. Over the past decade, August Felker and his team have engaged with hundreds of searchers to provide due diligence and ultimately place the most competitive insurance program at closing. Given August's experience as a searcher himself, he and his team understand all that goes into buying a business and pride themselves on making the insurance portion of closing seamless and hassle-free.
    If you are under LOI, please reach out to August to learn more about how Oberle can help with insurance due diligence at oberle-risk.com. Or reach out to August directly at august.felker@oberle-risk.com.
    Interested in sponsoring?

    • 54 min
    Mike Botkin - Central Florida Landscape M&A Playbook - Ep.88

    Mike Botkin - Central Florida Landscape M&A Playbook - Ep.88

    My guest in this episode is Mike Botkin. You might remember Mike from episode 48 where he described acquiring B&B landscaping in Orlando, Florida with his investor equity raised entirely from Twitter.
    Well, he's acquired a bigger one and has raised a holding company called Benchmark Group to buy and build a vertically integrated lawn care and landscaping business in central Florida. In addition to Mike's new acquisition and holding company, we also talk about systems and policies he's implemented at B&B, how he hires and routines members of his team, and benefits from scale and vertical integration.
    Mike has become a great friend of mine over the last year, and I always leave our calls thinking we should have hit a record. I'm glad we were able to do so for this episode and mark this momentous event in his career. 
    Listen weekly and subscribe on iTunes, Spotify, Google Podcasts, Stitcher, Breaker, and TuneIn.
    Links Mentioned:Mike Botkin on LinkedInMike Botkin on TwitterBenchmark GroupThink LIke An Owner Episode 48 (Mike Botkin - First 30 Days in a Small Landscaping Business)Think Like an Owner SponsorsLive Oak Bank - Live Oak Bank is a seasoned SMB lender providing SBA and conventional financing for search funds, independent sponsors, private equity firms, and individuals looking to acquire lower middle market companies. Live Oak has closed billions of dollars in SBA financing and is actively looking to help more small company investors across the country. If you are in the process of acquiring a company or thinking about starting a search, contact Lisa Forrest or Heather Endresen directly to start a conversation or go to www.liveoakbank.com/think.
    Hood & Strong, LLP - Hood & Strong is a CPA firm with a long history of working with search funds and private equity firms on diligence, assurance, tax services, and more. Hood & Strong is highly skilled in working with search funds, providing quality of earnings and due diligence services during the search, along with assurance and tax services post-acquisition. They offer a unique way to approach acquisition diligence and manage costs effectively. To learn more about how Hood & Strong can help your search, acquisition, and beyond, please email one of their partners Jerry Zhou at jzhou@hoodstrong.com. 
    Oberle Risk Strategies- Oberle is the leading specialty insurance brokerage catering to search funds and the broader ETA community, providing complimentary due diligence assessments of the target company's commercial insurance and Employee benefits programs. Over the past decade, August Felker and his team have engaged with hundreds of searchers to provide due diligence and ultimately place the most competitive insurance program at closing. Given August's experience as a searcher himself, he and his team understand all that goes into buying a business and pride themselves on making the insurance portion of closing seamless and hassle-free.
    If you are under LOI, please reach out to August to learn more about how Oberle can help with insurance due diligence at oberle-risk.com. Or reach out to August directly at august.felker@oberle-risk.com.
    Interested in sponsoring?

    • 48 min
    Matt Moldenhauer- Rolling Out Technology and Systems in the Timber Industry - Ep.87

    Matt Moldenhauer- Rolling Out Technology and Systems in the Timber Industry - Ep.87

    My guest in this episode is Matt Moldenhauer. Matt is the president of Bellwether Forest Products, an integrated wood supply company owned by a family office called Elmore Companies, where Matt is also a partner. Matt became president after Bellwether was acquired in 2016 and has grown the business from 13 employees to over 60 today with plenty of ups and downs along the way. 
    In this episode, we talk about identifying and promoting talent from within, running an asset-heavy business, building trust with your team and customers, adding technology and systems, the fragmentation of the timber industry, and their broader timber acquisition strategy at Elmore. Matt was recommended to me by Rich Jordan, who I consider to be a phenomenal operator. And when he recommends someone I listen closely, I think you'll see why in this episode. Enjoy! 
    Listen weekly and subscribe on iTunes, Spotify, Google Podcasts, Stitcher, Breaker, and TuneIn.
    Think Like an Owner SponsorsLive Oak Bank – Live Oak Bank is a seasoned SMB lender providing SBA and conventional financing for search funds, independent sponsors, private equity firms, and individuals looking to acquire lower middle market companies. Live Oak has closed billions of dollars in SBA financing and is actively looking to help more small company investors across the country. If you are in the process of acquiring a company or thinking about starting a search, contact Lisa Forrest or Heather Endresen directly to start a conversation or go to www.liveoakbank.com/think.
    Hood & Strong, LLP – Hood & Strong is a CPA firm with a long history of working with search funds and private equity firms on diligence, assurance, tax services, and more. Hood & Strong is highly skilled in working with search funds, providing quality of earnings and due diligence services during the search, along with assurance and tax services post-acquisition. They offer a unique way to approach acquisition diligence and manage costs effectively. To learn more about how Hood & Strong can help your search, acquisition, and beyond, please email one of their partners Jerry Zhou at jzhou@hoodstrong.com. 
    Oberle Risk Strategies– Oberle is the leading specialty insurance brokerage catering to search funds and the broader ETA community, providing complimentary due diligence assessments of the target company’s commercial insurance and Employee benefits programs. Over the past decade, August Felker and his team have engaged with hundreds of searchers to provide due diligence and ultimately place the most competitive insurance program at closing. Given August’s experience as a searcher himself, he and his team understand all that goes into buying a business and pride themselves on making the insurance portion of closing seamless and hassle-free.
    If you are under LOI, please reach out to August to learn more about how Oberle can help with insurance due diligence at oberle-risk.com. Or reach out to August directly at august.felker@oberle-risk.com.
    Interested in sponsoring?
    Links Mentioned:Matt Moldenhauer on LinkedInMatt Moldenhauer on TwitterBellwether Forest Products Official Website

    • 59 min
    Heather Endresen - SBA: Government’s Strategic Loan Program for Entrepreneurs - Ep.86

    Heather Endresen - SBA: Government’s Strategic Loan Program for Entrepreneurs - Ep.86

    My guest in this episode is Heather Endresen, co-director of Search Fund Lending at Live Oak Bank. Her name probably sounds familiar as Live Oak is a sponsor of this podcast. Given the strong interest from our audience, I decided to bring Heather on the show to share the ins and outs of the SBA program as it's highly relevant to the subject matter of Think Like an Owner. During our episode, we discussed the history of the SBA program as a government program, high-level terms of SBA debt, what companies and deals are good fits, what add-backs are accepted and which are not, risk to searchers and the worst case scenario, and the SBA programs value to strategic acquirers.
    I hope you enjoy this in-depth episode on the SBA program with Heather. Enjoy.
    Listen weekly and subscribe on iTunes, Spotify, Google Podcasts, Stitcher, Breaker, and TuneIn.
    Think Like an Owner SponsorsLive Oak Bank – Live Oak Bank is a seasoned SMB lender providing SBA and conventional financing for search funds, independent sponsors, private equity firms, and individuals looking to acquire lower middle market companies. Live Oak has closed billions of dollars in SBA financing and is actively looking to help more small company investors across the country. If you are in the process of acquiring a company or thinking about starting a search, contact Lisa Forrest or Heather Endresen directly to start a conversation or go to www.liveoakbank.com/think.
    Hood & Strong, LLP – Hood & Strong is a CPA firm with a long history of working with search funds and private equity firms on diligence, assurance, tax services, and more. Hood & Strong is highly skilled in working with search funds, providing quality of earnings and due diligence services during the search, along with assurance and tax services post-acquisition. They offer a unique way to approach acquisition diligence and manage costs effectively. To learn more about how Hood & Strong can help your search, acquisition, and beyond, please email one of their partners Jerry Zhou at jzhou@hoodstrong.com. 
    Oberle Risk Strategies– Oberle is the leading specialty insurance brokerage catering to search funds and the broader ETA community, providing complimentary due diligence assessments of the target company’s commercial insurance and Employee benefits programs. Over the past decade, August Felker and his team have engaged with hundreds of searchers to provide due diligence and ultimately place the most competitive insurance program at closing. Given August’s experience as a searcher himself, he and his team understand all that goes into buying a business and pride themselves on making the insurance portion of closing seamless and hassle-free.
    If you are under LOI, please reach out to August to learn more about how Oberle can help with insurance due diligence at oberle-risk.com. Or reach out to August directly at august.felker@oberle-risk.com.
    Interested in sponsoring?
    Links Mentioned:Heather Endresen on LinkedInHeather Endresen on TwitterLive Oak Bank Official Website

    • 56 min

Customer Reviews

5.0 out of 5
2 Ratings

2 Ratings

Chin Tan (Bristol) ,

Excellent stories

Alex has a very low key and thoughtful interviewing style which allows the business owners and acquisition entrepreneurs he has on this podcast to really tell their story. I enjoyed listening to many episodes and have learnt a lot so far. Thanks Alex!

Jamspencer ,

Brilliant Micro PE / Permanent Equity Insights

Alex brings the world of small business investing to life with insights from those who have been there and done it

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