Joined September 2020
780 Photos and videos
This 40-year-old automation integrator in SoCal claims 31% margins. So why does the listing read like they have 3 customers and have never once tried to sell? @girdley calls it a nightmare. @endresenheather is the lone optimist. Listen now ⬇️
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This business buries fiber inside railroad easements. 25-year niche. 4x earnings. So good we found a potential buyer DURING the episode. (And the listing's gone.) @girdley, @BillDA, and @endresenheather dig in.
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The teaser bragged about rare "railroad safety certifications." We googled them. It's basically: don't stand in front of the train. The real moat was the 25 years of relationships. Always is.
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Calling @chasedownleads - we found your business. A whole route of strip club ATMs. $1M EBITDA. 99% contract renewal rate. How does this guy keep winning locations nobody else can crack? @BillDA, @thegeneralmills, and @endresenheather dig into the juju.
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A 30-year-old porta potty business in Madison, WI with 48% margins and zero marketing spend. But is this "recession-proof" business really worth $1.6M? @girdley, @BillDA, and @endresenheather dig into the poop economics. Listen now ⬇️
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Acquisitions Anonymous Podcast retweeted
If you're looking to buy a business, come out to my free talk tomorrow with @EndresenHeather How to finance your SMB acquisition. Tomorrow, 12 CT / 1 ET luma.com/qmanhint
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This 40-year-old automation integrator in SoCal claims 31% margins. So why does the listing read like they have 3 customers and have never once tried to sell? @girdley calls it a nightmare. @endresenheather is the lone optimist. Listen now ⬇️
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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 ⬇️
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Girdley's obviously not talking about the podcast here. We've been perfect since day 1.
5 years ago we launched one of my best businesses off a one-page plan. I just reread it. We got a TON of stuff wrong. For the inside-baseball crowd, here's my recap: newsletter.girdley.com/p/my-…
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Thanks Andrew!
The @acquanon team took a look at a Spruce Pine business for sale. Every small North Carolina town could benefit from asking the same questions. longleafpol.com/p/what-an-in… #ncpol
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Acquisitions Anonymous Podcast retweeted
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
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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
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Watch on YouTube: youtube.com/watch?v=sPHuW5Pa… Apple: podcasts.apple.com/ca/podcas… Spotify: open.spotify.com/show/4rbeAO… And give us a follow for new listing breakdowns 2x/week!

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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.
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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.
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