The Origins and Future of a 9-Figure SMB Holdco | Matt Moldenhauer and Gant Elmore Interview

Today’s interview explores The Elmore Companies, a 9-business portfolio generating about $200M annually, led by Gant Elmore and Matt Moldenhauer. They break down not just what they’re building, but how, with a focus on long-term compounding through forever-hold acquisitions and committed operators. Growth takes time, but accelerates dramatically later. Another key theme is operations. Matt reflects on running a small, tough business and the skills it built, recommending that hands-on experience for aspiring holdco builders ❤️ Enjoy this interview? SUBSCRIBE for more: https://shorturl.at/zaP1m 00:00 Intro to Elmore Companies 03:41 Elmore family history: three generations of ETA 14:19 First acquisition story: Fermitech drone measurement business 25:27 Matt's background 26:25 Bellweather Forest Products 47:38 Formation of current generation holdco strategy 59:13 Long-term philosophy: permanent hold strategy 1:02:27 Operating partner model: 15-25% equity with no vesting 1:17:52 Supporting operators while maintaining growth focus 1:34:46 How to become an operating partner and join their network CONNECT with the Acquiring Minds podcast, socials, etc. 🎧 Podcast on Spotify: https://open.spotify.com/show/2vZrl0u... 🎧 Podcast on Apple: https://podcasts.apple.com/us/podcast... 👉 Get notified of new interviews: https://acquiringminds.co 👉 Follow host Will Smith on Twitter:   / whentheresawill   👉 Connect with host Will Smith on LinkedIn:   / willsmithsf   ABOUT Acquiring Minds 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. Credits: Edited by Anton Rohozov Produced by Pam Cameron #business #acquisitions #buyingbusiness