Perils in Partnership: Plumbing Acquisition Gone Wrong

Josh Key partnered with a master plumber from his church to acquire a plumbing business doing $1.25m. It ended badly.

Topics in Josh’s interview:

• Buying a plumbing business with a partner
• Quitting his job to go all-in
• Inadequate due diligence on his partner
• His partner’s wife getting involved in the business
• Emotional outbursts and threats from his partner
• Employees and clients leaving due to the partner
• Closing the business and filing for bankruptcy
• What he learned about due diligence
• How his mindset is guided by his faith
• What he wants to do next

References and how to contact Josh:

• josh@castlekeyholdings.com
• LinkedIn

Work with an SBA broker who focuses exclusively on helping entrepreneurs buy businesses:

• Matthias Smith of Pioneer Capital Advisory

Get complimentary due diligence on your acquisition's insurance & benefits program:

• Oberle Risk Strategies - Search Fund Team

Learn more about Walker Deibel's done-with-you buy-side advisory:

• The Acquisition Lab

Connect with Acquiring Minds:

• See past + future interviews on the YouTube channel
• Connect with host Will Smith on LinkedIn
• Follow Will on Twitter