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

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 Business After 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 investor References and how to contact Eric:LinkedInTXE CapitalRick & Royce on Acquiring Minds: The 2 Professors Who Helped Start the ETA MovementReid PennebakerETA Circle - Houston Get a free review of your books & financial ops from System Six (a $500 value):Book a call with Tim or hello@systemsix.com and mention Acquiring Minds Learn more about Walker Deibel's done-with-you buy-side advisory:The Acquisition Lab Get complimentary due diligence on your acquisition's insurance & benefits program:Oberle Risk Strategies - Search Fund Team Connect with Acquiring Minds:See past + future interviews on the YouTube channelConnect with host Will Smith on LinkedInFollow Will on Twitter Edited by Anton Rohozov Produced by Pam Cameron