Joe Hudson's Collision Center’s Post

Great news from Galliford Try - the first half of their financial year not only outdid 2022 but also exceeded the board's expectations. With a healthy cash balance, no debt, and an increased order book, they're poised for a successful year. Moreover, with strategic acquisitions and quality project teams, the future looks promising. Dive into the details: #GallifordTry #FinancialYear #BusinessGrowth

I wanted to take a moment to reflect on recent comments from Leslie Elliott, the CEO and Founder of Poolie. A few weeks ago, at our Unity U CXO Summit, Leslie led a discussion on growth through acquisitions. She made the point that her greatest competition is not a rival operating company or private equity acquirer; rather, it is the selling business owners themselves. In other words, sellers who have invested countless years building their businesses do not take the decision to sell lightly, and their motivations and priorities in selling their business can vary widely, often weighted more heavily than the financial outcome itself. Leslie, like the other great leaders we partner with at Unity Partners, understands that the acquisition of a business, especially in the lower middle market, can be a slow and nuanced process. Leslie and her team proactively build a relationship with the seller to understand their goals prior to presenting a financial offer and, where possible, offer guidance on how to think objectively about the prospect of exiting. As a seller engages in the process, Poolie leadership remains actively involved alongside the due diligence team through and beyond the close of the transaction to address any seller concerns. Poolie’s 120 service and repair technicians are working with 3,400 pool customers weekly throughout Texas, with growth achieved both organically and through 20 acquisitions. #poolcleaning #buildbettertogether #businessgrowth #privateequity

Achieving goals with our clients is what it's all about! DSMA - Valuations, Mergers & Acquisitions

This week on Drive By, Christian and I tackle a question from a caller who recently acquired a few dealerships and is struggling with negativity from the staff. We’re sharing insights on how to handle this common issue, drawing from our experience with clients who’ve had the same issues with dealership acquisitions. Find out our strategies for overcoming resistance to change, building a positive culture, and getting your new team on board. If you're considering a dealership acquisition or facing similar challenges, you don’t want to miss this >> https://swiy.co/LoFE

"🔥 Navigating Through the Flames of Market Acquisition 🔥 In the world of fire sprinkler companies, we're witnessing a unique phenomenon. Some enterprises are exponentially expanding, not solely through innovative products or exceptional sales teams, as one might presume, but largely through aggressive acquisition strategies. By purchasing companies with established customer bases and years of cultivated relationships, they've successfully and rapidly scaled their market presence. While acquisitions can be a valid growth strategy, let’s also acknowledge and celebrate the tireless efforts of those businesses that build from the ground up, fostering genuine relationships and gradually elevating their portfolios. 💼🚒 #FireSafety #BusinessGrowth #MarketAcquisition #BusinessStrategy"

🚨 HOME DEPOT to Acquire SRS! 🚨 As the CEO of an Independent Roofing Supply company with 6 locations, I can't help but ponder the impact of SRS Distribution Inc.'s recent announcement. SRS, a company that has thrived through its acquisition of independent distributors, is now joining forces with The Home Depot in a monumental $18.250 billion deal. This strategic move undoubtedly signals a new phase in the roofing industry. While it promises expanded capabilities and resources, I can't help but wonder about its implications for customer service. SRS has been known for maintaining the long-term relationships that they acquired through their own acquisitions. How will this culture evolve within the larger framework of The Home Depot? As we witness this significant shift - the big getting bigger, I'm curious to see how it will shape the landscape of service in the roofing industry. Change brings opportunities, and I believe that by Independent Distributors staying true to their core values, we can raise the bar in best-in-class customer service - continuing to deliver the exceptional service that Roofing Contractors deserve. Read more about the acquisition here: https://lnkd.in/gNM_k5rr #RoofingIndustry #BusinessTransformation #CustomerService #IndustryLeadership #IndependentDistributor #Nemeon #MurphysRoofingSupply #RaysRoofingSupply #ARSBuildingProducts

It will interesting to see what this will do to the roofing industry.

Overcoming obstacles can sometimes lead to the greatest rewards. I found myself at a new destination - Getty Images. I joined this iconic company right after it was sold to Hellman & Friedman for $2.4 billion. I was challenged to think differently. Forget slow growth; we were all about aggressive progress. Within two years, I completed 37 acquisitions, and we sold the business for double the initial sale price. #OvercomingAdversities #GettyImages #BusinessGrowth #MentorshipMatters

The real work in M&A begins after the deal is signed. Speed is Good! Extending the turbulence and uncertainty of introducing new ways of conducting affairs simply prolongs debate and promotes opposition. Money matters, but it's all about people, both before and, especially, after the merger agreement is consummated. Fantastic lessons learned in M&A shared by Norman Augustine, retired CEO of Lockheed Martin

If you could ask an expert any question you have related to your family business, what would you ask them? If you could get a real-time answer and resources to navigate you through that question, would you take advantage of it? If you could meet other family business owners and create a peer network to offer support and encouragement and keep you accountable, would you feel less "Am I the only one going through this?" That's what you'll get when you join The Collective, a virtual event & group focused on solving family business issues and building a peer network in one. "Attending The Collective introduced me to other family business owners facing similar challenges. The conversations we had during this session as well as the expert insights provided by Tom are invaluable." - Andrei Kin, Head of Investments and Acquisitions, Military & Commercial Fasteners Corp. HQ Learn more and register for the next event, coming up on December 7: https://bit.ly/46NIfdd #thecollective #familybusiness #businessdevelopment #businessgrowth #nextgeneration #businesscoaching #businesstrategy #transitionplanning