19 Feb Acquiring Minds: How to Buy a Big Plumbing Business (as a Non-Plumber) | Peter deBaptiste Interview
Peter deBaptiste bought a technical business: high-end residential & mechanical plumbing. The 2 sellers were master plumbers, very technical, very hands-on, working 100-hour weeks. Peter lives an hour away from the business. A young family, 2 small kids at home. And he’s levered up, having wanted to retain as much equity as possible — a decision we spend time on. Despite all this, he’s now 18 months into his adventure, and it’s working. There’s so much here about transitioning a big plumbing business with people problems & turnover, precious technical knowledge required, and working capital pitfalls. But it’s also gratifying in ways Peter didn’t expect. He loves his new industry.
