eing a strategic buyer with enough time horizon in front of you, it's just got to be the most fun way to spend a career."

So said today's guest Mark Anderegg, who acquired Little Sprouts, a daycare business with 16 locations.

Mark then grew the business much more by acquiring additional tiny childcare businesses throughout New England, ultimately making it the largest private preschool company in the region. Six years into his tenure as CEO, Mark had a successful exit.

Beyond programmatic acquisition, Mark and I hit on many more themes in today's conversation, including:

• The temptation to spend too much time with owners who really aren't going to sell
• The preschool industry itself
• Industry selection when buying a business (childcare, after all, is a notoriously difficult industry)
• Building a house of brands versus a branded house
• And, holding long term vs. exiting

You're going to enjoy this conversation with Mark and the thoughtfulness he brings to this journey of buying businesses.

Here he is, Mark Anderegg, former CEO of Little Sprouts, adjunct professor at Darthmouth's Tuck business school, and co-founder of Newbury Franklin, a business that we at Minds Capital are thrilled to have invested in.