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The Flywheel of Buying Businesses in a Single Region

The Flywheel of Buying Businesses in a Single Region

Update: 2025-09-11
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Doug Lepisto has partnered with 7 searchers to acquire businesses strictly in Western Michigan. Momentum is building.

Topics in Doug’s interview: 

  • Having one foot in academia, one in business
  • Place-based private equity model
  • Delivering returns while elevating Western Michigan
  • Competitive advantage through building local trust
  • “Find the operator, find the deal” philosophy
  • Investing in searchers with one-on-one education
  • The tide is shifting to long-term hold strategy
  • Western Michigan students intern at portfolio companies
  • 5 elements of his private equity model
  • Plenty of businesses, shortage of owner-operators

References and how to contact Doug:

Get complimentary due diligence on your acquisition's insurance & benefits program:

Work with an SBA loan team focused exclusively on helping entrepreneurs buy businesses:

Get a complimentary IT audit of your target business:

Connect with Acquiring Minds:

Edited by Anton Rohozov
Produced by Pam Cameron

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The Flywheel of Buying Businesses in a Single Region

The Flywheel of Buying Businesses in a Single Region

Will Smith