How to Build a Holdco Foundation: Patiently

February 27, 2025
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I

t's not until late in today's interview that we hear our guest's vision for a holdco.

And I think that's telling.

Because Barker Squire isn't in a hurry. His focus for the last 6 years has not been on the next acquisition, but squarely on solidifying, improving, and growing the first business he bought, and only business he yet owns, CraneWorks.

And we learn that this growth has been deliberately gradual, even constrained, focused as he's been on building a solid foundation.

This is long-termism at its best.

Only now, having led the business himself for 6 years, tripled it, and identified a capable replacement, is Barker turning his attention to what's next.

Barker Squire inspecting a crane

Which could be building CraneWorks further by starting to acquire other businesses, or it could be buying a completely unrelated business that sees him back in the CEO seat.

If you have holdco aspirations, Barker's approach seems sound. For at least your first business, learn it deeply, learn how to be the CEO of a small business, build a strong foundation.

See what you think. Here's Barker Squire, owner of CraneWorks.

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How to Build a Holdco Foundation: Patiently

Barker Squire has grown his crane servicing business gradually over 6 years. Now he turns his attention to what's next.

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Key Takeaways

Introduction

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I

t's not until late in today's interview that we hear our guest's vision for a holdco.

And I think that's telling.

Because Barker Squire isn't in a hurry. His focus for the last 6 years has not been on the next acquisition, but squarely on solidifying, improving, and growing the first business he bought, and only business he yet owns, CraneWorks.

And we learn that this growth has been deliberately gradual, even constrained, focused as he's been on building a solid foundation.

This is long-termism at its best.

Only now, having led the business himself for 6 years, tripled it, and identified a capable replacement, is Barker turning his attention to what's next.

Barker Squire inspecting a crane

Which could be building CraneWorks further by starting to acquire other businesses, or it could be buying a completely unrelated business that sees him back in the CEO seat.

If you have holdco aspirations, Barker's approach seems sound. For at least your first business, learn it deeply, learn how to be the CEO of a small business, build a strong foundation.

See what you think. Here's Barker Squire, owner of CraneWorks.

About

Barker Squire

Barker Squire

Show Notes

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Barker Squire has grown his crane servicing business gradually over 6 years. Now he turns his attention to what's next.

Topics in Barker’s interview:

  • Leading teams in the Marine Corps
  • Getting a conventional loan instead of SBA
  • Keeping his ears open in seller meetings
  • Pros and cons of government contracts
  • Employees walking out
  • Staying safe in a dangerous job
  • The owner staying as an employee
  • Growing revenue 3x in 6 years
  • His vision to build a holdco
  • Promoting an employee to CEO

References and how to contact Barker:

Get a free review of your books & financial ops from System Six (a $500 value):

Download the New CEO’s Guide to Human Resources from Aspen HR:

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

Connect with Acquiring Minds:

Edited by Anton Rohozov
Produced by Pam Cameron

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