Tech to a Construction Acquisition with The Stone Man
In this episode of the M&A Launchpad Podcast, hosts Casey Minshew and Feras Moussa interview Alan Lockridge about his journey from tech consulting to purchasing and running 'The Stoneman,' a business specializing in hardscapes. The discussion covers Alan's three-year search for the right business, which was affected by COVID-19, and his eventual acquisition strategy. He shares insights on the similarities between his tech-focused background and his new blue-collar business, the importance of structured deals, and the benefits of leveraging relationships in acquisitions. Alan explains how he successfully transitioned into this new industry, made incremental improvements, and maintained a steady business. Listeners are also given a glimpse into his future plans and key takeaways from his entrepreneurial journey.
In this podcast episode, we discuss:
• COVID Effect on ETA
• Acquisition & Operation Tips
• Learning a New Industry
You can connect with Alan by email: [email protected]
00:00 Introduction
2:10 Alan's Background
05:24 Search for the Right Business
10:43 Acquiring & Financing The Stone Man
17:41 First 100 Days Post-Acquisition
23:11 Challenges and Future Plans
25:51 Future Plans and Tools
30:21 Rocket Round: Personal Insights
34:37 Conclusion and Contact Information
Additional Resources:
• Access our archive of video interviews on YouTube
• Get in touch with show hosts Casey Minshew and Feras Moussa at - [email protected]
• Looking to invest in M&A opportunities or partner with an advisor to acquire, scale or sell your business? Visit Equity-Launchpad.com
About The M&A Launchpad:
The M&A Launchpad provides insights into acquiring, investing in, and selling profitable businesses in the lower to middle market. Whether you are a business owner, investor, or aspiring entrepreneur, we will provide you with the knowledge, guidance, and capital to navigate the world of mergers and acquisitions.
The M&A Launchpad presents a series of weekly podcast episodes and hosts an annual M&A Launchpad Conference tailored to the M&A community.
Connect with M&A Launchpad:
🎧 Podcast on Spotify: https://open.spotify.com/episode/2yQF...
🎧 Podcast on Apple: https://podcasts.apple.com/us/podcast...
🎟️ Attend Upcoming M&A Launchpad Conference: http://malaunchpad.com/
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