A Searcher’s Second Act: Building a $25m Holdco

Listen to this episode from Acquiring Minds on Spotify. Smithlist is a job board for leadership roles at small businesses. If you're not ready to buy a business but want to lead one:Smithlist - Operate & Lead a BusinessAfter success as a traditional searcher, Eric Calderon started building an industry-focused holding company in 2020.Topics in Eric’s interview:Accepting investment from Rick and RoyceAcquiring through traditional searchCommitment to community banksUps and downs of the oil and gas industry“You gotta tell your story to anyone who’s listening”Emotional challenges of downsizingShared services vs. decentralizationRecruiting patient capital for a long-term holdWhy $1m SDE is the target size for holdco acquisitionsEvolving from operator to investorReferences and how to contact Eric:LinkedInTXE CapitalRick & Royce on Acquiring Minds: The 2 Professors Who Helped Start the ETA MovementReid PennebakerETA Circle - HoustonGet a free review of your books & financial ops from System Six (a $500 value):Book a call with Tim or [email protected] and mention Acquiring MindsLearn more about Walker Deibel's done-with-you buy-side advisory:The Acquisition LabGet complimentary due diligence on your acquisition's insurance & benefits program:Oberle Risk Strategies - Search Fund TeamConnect with Acquiring Minds:See past + future interviews on the YouTube channelConnect with host Will Smith on LinkedInFollow Will on TwitterEdited by Anton RohozovProduced by Pam Cameron