How I Bought 12 Service Companies (Without Investors) | Nick Haschka Interview

Very first acquisition in November 2016 As of March 2024, they manage a portfolio of 12 companies. All done with their own capital. (Except the one they did in late 2023) 95% of acquisitions have been owner succession & retirement driven buy-outs. Cub Investments with Nick Haschka makes long term buy & hold equity investments in growth-oriented field services companies. Most importantly, all this while raising three beautiful children. Their biggest competitive advantage – looking for companies with an extremely small universe of buyers. “What we do is very different from corporate America, strategic consulting, investment banking, PE, McKinsey….” We discuss: — Finding the absolute best deals — Location as your biggest advantage — How to get the buyer to sell the business — Doing everything with their own $$$ — Using SaaS as a difference maker in those boring businesses — Post-acquisition before and after — Finding a perfect co-founder 00:00:00 - Intro 00:00:19 - Current portfolio and Nick’s dream acquisition... 00:02:10 - Background story and why small business PE is not for most people 00:05:50 - How Nick finds the best deals 00:10:55 - Location and industry knowledge as your biggest advantages 00:13:30 - Red flags when acquiring a company 00:16:25 - 2023 and raising capital in a short 4 weeks 00:24:40 - What made the biggest difference in their MOST successful deal 00:32:07 - Craziest post-acquisition stories 00:39:30 - Founders relying on their memory,not CRM 00:44:19 - Partnership with the co-founder 00:51:01 - The work never stops - how to manage it all My full conversation with Nick Haschka, the co-founder of Cub Investments. Follow PrivatEquityGuy on Twitter: ⁠⁠  / privatequityguy   Join HoldCo Builders weekly newsletter on finding deals, raising capital, and growing small niche manufacturing businesses: ⁠⁠https://privatequityguy.beehiiv.com/ Nick on Twitter: ⁠  / nickhaschka   This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.