The Appeal (and Risk) of Buying a Consulting Firm
Update: 2025-03-10
Description
Register for:
- Employee Issues & Non-Competes When Buying a Business - Thu March 13 - https://bit.ly/3F6dasG
- The live Q&A with Nick on March 25th: https://bit.ly/3DoZfgD
Industry outsider Nick Munsee bought a traffic engineering firm for a good price, carefully de-risking the acquisition.
Topics in Nick's interview:
- Managing from out of state
- The white whale: a deal that almost happened
- Lessons from a failed acquisition
- Finding Hales Engineering
- Understanding the traffic consulting business
- Navigating lender challenges
- Incentivizing key employees
- Challenges in consulting business growth
- Project-based revenue insights
- The abrupt customer hand-off
References and how to contact Nick:
- Hales Engineering
- nick@saltbros.co
Work with an SBA broker who focuses exclusively on helping entrepreneurs buy businesses:
Get complimentary due diligence on your acquisition's insurance & benefits program:
Get a free review of your books & financial ops from System Six (a $500 value):
- Book a call with Tim or hello@systemsix.com and mention Acquiring Minds
Get $200 off your ticket to the M&A Launchpad Conference in Houston on May 3rd:
- https://www.malaunchpad.com & enter code ACQUIRINGMINDS
Connect with Acquiring Minds:
- See past + future interviews on the YouTube channel
- Connect with host Will Smith on LinkedIn
- Follow Will on Twitter
Edited by Anton Rohozov
Produced by Pam Cameron
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