Key Points From the Interview
ordan Carter's search was brutal.
It took him years to acquire his business, and in this interview we spend a lot of time going through it to really understand how months can just slip by when doing a search.
Especially when doing it part time.
Especially when you don't have a targeted industry.
Especially when a deal you get under LOI collapses.
Especially when you're trying to raise money piecemeal from investors.
There is much to be learned from Jordan's hard-won views on search, so hopefully this interview will enable you to shortcut a lot of what Jordan learned on his own.
I know it caused me to think hard about doing a part-time search versus a full-time one, as well as the most efficient way to raise capital for a search deal in 2022.
Spoiler: There is a happy ending.
Jordan bought an awesome, specialized business with low competition and high demand.
It's grown 40% in the 2 years since he acquired it.
So you're going to hear all about that as well, and how he brings value to a super niche business that he was completely new to.
Enjoy this conversation with Jordan Carter, owner & CEO of B&A:
Sponsors
August Felker is a 2-time successful searcher — first with a traditional search fund; the second time around, he did a self-funded search.
Today August runs Oberle Risk Strategies, an insurance firm with a dedicated practice group for searchers and acquisition entrepreneurs like you.
If you've got a business under LOI, Oberle will provide complimentary due diligence on that business's insurance and benefits program. A great, no-risk way to get to know August & team.
They love helping searchers; they've worked with hundreds. Oberle is a specialty insurance brokerage for searchers, by a former searcher.
Check out the Search Fund Team at Oberle.
[00:00:00 - 00:02:30]
What about this? Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.