16 Jun Acquiring Minds: The $60k Acquisition that Grew to a $77M Exit
Kevin Ramsier didn’t set out to buy a business — he just answered opportunity when it kept calling. Literally. Today’s episode tells the story of how Kevin and a friend bought a tiny radon mitigation business — basically a retired engineer with a truck and a flip phone — for $60,000 at a Big Boy restaurant. Half of it was seller-financed. The calls from real estate agents never stopped, and Kevin saw potential. That humble deal became SWAT Environmental, a national radon mitigation franchise that ultimately sold to private equity for nearly $80 million. But Kevin is quick to say: don’t try this at home. Buying a “guy-and-a-truck” business is usually a bad idea, and in his words, “the journey was harder than it needed to be.” Luck and timing played a big role.
