Rolling Up EBITDA and Rents with Auto Repair Shops

June 3, 2024
Listen in Apple Podcasts appListen in SpotifyListen in Apple Podcasts appListen in SpotifyRSS address of the Acquiring Minds podcast feed

Key Points From the Interview

Come meet
(virtually)
Live Q&A on
Register
Y

ou've no doubt heard the phrase creative dealmaking.

The idea that those able to think beyond conventional terms might be rewarded with a favorable deal, or at least a deal they might have otherwise lost.

Less talked about but just as significant is creative structuring.

Stephen Quindlen & Paul Westhart at Blue Wrench
Stephen Quindlen & Paul Westhart at Blue Wrench

You heard one example a few weeks ago.

Robert Graham & Aaron Blick at Pillar Health Group are blending self-funded search with a roll-up model to keep using SBA debt to build a very large portfolio.

Today's guests, Stephen Quindlen and Paul Westhart, are another great example of creative structuring.

Stephen & Paul are buying auto repair shops.

Like Pillar Health, they've found a way to unlock lots of affordable debt, uncapping the $5m SBA loan total that limits most searchers.

They've also realized that by thinking about their holdings as 2 distinct portfolios — one auto repair businesses, the other real estate — the aggregate value of what they're building can be larger... potentially, much larger.

That, and a deep dive into the auto repair business, with Stephen Quindlen and Paul Westhart. Enjoy.

Read MoreStories