Partnering with an Operator to Buy a Business

Landon Mance bought a $1.7m tree business alongside a minority partner who's operated the business full-time from Day 1. 

Topics in Landon’s interview:

• Crossing paths with a financial criminal
• Buying a tree service business with his friend as operator
• Where “follow your passion” falls short
• Why the business had high margins at acquisition
• Negotiating with the sellers over Zoom
• Burning through the capex budget in 90 days
• The importance of putting everything in the contract
• His operator’s equity stake in the company
• Continuing to run his financial planning business
• His 5-8 year vision for the company

References and how to contact Landon:

• landon@backboneplanning.com
• LinkedIn
• Backbone Planning Partners
• Trent Lee
• Nevada Tree Service
• Trevor Milton
• Ryan Tansom
• Elizabeth Holmes
• Micro Business Academy

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

• The Acquisition Lab

Connect with A-players who can run your business remotely:

• More Staffing

Connect with Acquiring Minds: 

• See past + future interviews on the YouTube channel
• Connect with host Will Smith on LinkedIn
• Follow Will on Twitter