How to Build a $28m Holdco (in 6 Years) | Colin King Interview

Today's story is just the latest where a first - and very humble - acquisition has grown into something impressive. In 2018, Colin King and his partner Joe bought a business doing just $250k in revenue. It was a route business that distributed parts to automotive service centers & dealers in the Indianapolis region. Every night, their employees would drive from auto dealer to auto dealer delivering car parts. And yes, you guessed it, it wasn't too long before Colin and Joe were having to drive those routes themselves. Well, you probably aren't surprised to hear that Colin & Joe no longer own that business. Today, their portfolio looks like this: an apparel business; a décor distributor; a Montessori distributor; and a financial training business. Aggregate revenue is approaching $30m. This is the story of how two guys with a willingness to buy imperfect businesses and just figure it out have built a holdco that is really just getting started.
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00:00:00. Current state of Circle City Capital Group
00:04:40. Colin and his partner buy a trucking company
00:11:54. Joe and Colin operate the trucking company
00:15:38. Joe and Colin decide to sell the trucking company
00:18:08. Acquiring a decor distribution company
00:22:54. They acquire All American Clothing
00:30:49. They acquire a bookkeeping firm
00:36:19. Navigating Covid: e-commerce surges
00:44:32. The Vermont Flannel Company acquisition
49:51 Integrating Vermont Flannel into All American Clothing
00:52:37. The Montessori business: an opportunistic acquisition
00:55:04. Profit Mastery: A Strategic E-Commerce Acquisition
00:59:21. They acquire a teddy bear business
01:08:29. Pros and cons of a diverse portfolio
01:17:05. The kinds of businesses they want to acquire
01:24:10. Final thoughts and crowdsourcing feedback
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Acquiring Minds is a podcast about buying businesses. Acquiring an existing business is an awesome opportunity for many entrepreneurs, and host Will Smith talks to the people who do it. New episodes 2x per week.
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[@aminaahmed763]

Absolutely loved this episode, I had to listen to it 3 times. Great guest and learned so much about structuring certain deals.

[@user-ny9kh5hh4q]

Man this is the best pod exactly what I needed. I love how you don’t allow any fluff, straight detailed real life questions and answers!

[@AcquiringMinds]

Thank you

[@alpineai]

#AcquisitionDopeness