How to Use an SBA Loan to Roll Up from $6m to $140m | Michael Davidov Interview

Today's episode is a great example of that cliché go slow to go fast. While the headline number to this story hopefully grabbed your attention, the key lesson should be the value of taking your time building a foundation. We spend a good amount of time on that, the year or so after Michael Davidov and his partner Jonathan acquired their first business. What changes they made to fortify it into a platform that could support a lot more growth — both organic & inorganic — over the next 6 years. This was a $6m home care agency that they bought in 2019; today their portfolio does around $140m in revenue. (A lot of that due to a single big acquisition that was actually a larger business than they were at the time they bought it.) Please enjoy this interview with Michael Davidov, managing partner of Pine Street Group.

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00:00 Michael's background
05:02 Exploring Entrepreneurship Through Acquisition
15:50 Finding the First Business: Home Health Care
25:02 Building a Strong Platform for Growth
30:26 Hiring, Systems, and Frontline Culture
37:27 Navigating Financial Challenges and Early Growth
47:44 The Acquisition Ecosystem
56:31 Expanding into ABA Business
1:02:50 Transformative Acquisition and Business Integration
1:10:49 Transitioning from Operators to Investors
1:19:21 Reflections on Entrepreneurship and Partnership

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ABOUT Acquiring Minds
Acquiring Minds is a podcast about buying businesses. Acquiring an existing business is an awesome opportunity for many entrepreneurs, and host Will Smith talks to the people who do it. New episodes 2x per week.

Credits:
Edited by Anton Rohozov
Produced by Pam Cameron

#business #acquisitions #buyingbusiness

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