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8 Figs or Bust: Transitioning a Big Plumbing Business

8 Figs or Bust: Transitioning a Big Plumbing Business

Update: 2024-02-19
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Peter deBaptiste bought a 35-person plumbing business with 2 very technical, hands-on owners 1 hour away from his house.

Topics in Peter’s interview:

  • Building operational skills in a start-up
  • Acquiring Joe Cole Plumbing
  • His disappointing first day as owner
  • Buying from 2 co-owners
  • Surprises in employee turnover
  • Losing clients to a former employee
  • What he likes about the plumbing business
  • The complexities of working capital in construction
  • Why he recommends holding off on strategy
  • Underestimating his salary needs

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8 Figs or Bust: Transitioning a Big Plumbing Business

8 Figs or Bust: Transitioning a Big Plumbing Business

Will Smith