Acquisitions Anonymous Podcast

A trailer dealership is listed at 14x earnings. But you have to keep trailers in stock - inventory will be expensive. And what's with all these addbacks? @girdley, @thegeneralmills, and @endresenheather try to piece together what's actually going on.

Watch on YouTube: youtube.com/watch?v=ujSxvx… Apple: podcasts.apple.com/ca/podcast/acq… Spotify: open.spotify.com/show/4rbeAODKX… And give us a follow for new listing breakdowns 2x/week!

Here's a niche: a recruiting company that only places executives. We looked at one for sale, but the owner drives 60% of client engagements. What happens when he walks out the door? @girdley, @BillDA, and @thegeneralmills dig in with special guest Tighe Burke, who actually runs a search firm like this. Listen now ⬇️

Girdley's obviously not talking about the podcast here. We've been perfect since day 1.

Thanks Andrew!

ANNOUNCEMENT: I’ve just locked down the most inspiring 72 hours of 2027. This is an era of parasocial relationships. Don’t get me wrong, I love everyone who reads my stuff (thank you!). But that tends to be a one-way connection. That’s why we started Compound Conference (formerly HoldCo Conference). Three days of IRL connection, conversation, and debate with people who are hands-on growing their businesses. Not to mention it’s at a stunning ski resort in Utah – all in prime ski time next February. Important to note: this is a small event. Good chance you’ll have real talk with everyone. We cap attendance at 150 operators/biz owners. Everybody there has real opinions and experience, not just a lanyard and an elevator pitch. Every year, I walk away with two or three ideas that pay for the trip 10x over. A new business opportunity. A better way to get customers. A better way to run my companies. Or just becoming actual friends with a peer, which, as we all know, is difficult when we’re all trapped online. — The conference isn’t until February. But if you buy NOW, we’re offering early-bird pricing on the first 30 tickets. ($1000 discount) Once they’re gone, the price goes back up. Use “GIRDLEY” at checkout for the discount. compoundconference.com

@jonfitzsimon Thanks!

@acquanon Good ep 👍🏼

Sometimes it's the tiny details that tell you the most. A 75-year-old drive-in restaurant in the Appalachian Mountains, asking $1.3M. The sleeper signal: the owners have a 2025 Mercedes and a 2021 camper, that don't convert with the deal. They're making enough to buy a new car right before selling. @BillDA, @thegeneralmills, @endresenheather, @girdley, and @Travis_Jamison

@super_peepee Correction - 2025 Mercedes with a trunk full of diamonds

@acquanon Those aren’t even expensive …?

@GrandeDiesel Seems like a green flag.

@acquanon And?

@RaiderLakers209 Whoops! MB was on the asset list. Guess they put this out as a decoy to fool less rigorous buyers.

@acquanon Pretty sure that’s not a MB. Looks more like a Defender.

@JonathanDrake We're evaluating based on what's in the seller's pockets at the time

@acquanon A new level of diligence. Car registration. Home loan details. Browsing history!?!

@CornerstoneCPA_ We'll give our red-circle-screenshot guy a reprimand. (Though the 2025 Mercedes was in the asset list, not just this picture)

@acquanon Good thing you're not identifying anything for a crime. The SUV you circled is a Hyundai Santa Fe. The ass pucker gives it away.

Watch on YouTube: youtube.com/watch?v=sPHuW5… Apple: podcasts.apple.com/ca/podcast/acq… Spotify: open.spotify.com/show/4rbeAODKX… And give us a follow for new listing breakdowns 2x/week!

@girdley how do we feel about this

You: $18k on branding. $0 revenue. This guy: $0 on branding. Rich as hell.

@BowenMcCulloch @girdley @thegeneralmills @EndresenHeather Thanks Bowen!

@acquanon @girdley @thegeneralmills @EndresenHeather Was a good listen today!

A trailer dealership is listed at 14x earnings. But you have to keep trailers in stock - inventory will be expensive. And what's with all these addbacks? @girdley, @thegeneralmills, and @endresenheather try to piece together what's actually going on.

@_robyn_smith if your answer to growth is "we should tweet with very little punctuation" you need to hire someone else to think for you

If your answer to growth is “we should start a podcast” you need to hire someone else to think for you

Full business listing is linked on the YouTube page. Watch on YouTube: youtube.com/watch?v=Hmb_jB… Apple: podcasts.apple.com/ca/podcast/acq… Spotify: open.spotify.com/show/4rbeAODKX… And give us a follow for new listing breakdowns 2x/week!

Watch on YouTube: youtube.com/watch?v=sdE_bB… Apple: podcasts.apple.com/ca/podcast/acq… Spotify: open.spotify.com/show/4rbeAODKX… And give us a follow for new listing breakdowns 2x/week!

Is this is a real business or just a franchise scheme? $1M for a CEO networking franchise in LA that claims $576K EBITDA. But when you Google it, all you find are franchise listings... and a way too flashy promo video. @girdley and @Travis_Jamison dig in on today's episode.