Acquiring MindsNovember 4, 2024✓ Verified in SBA records

$6m Business, 3 Minutes From Childhood Home

with Iris Levine · The Porch Company

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LenderHawk analysis. Not affiliated with or endorsed by Acquiring Minds.

The Deal

Business

The Porch Company

Industry

design & build construction company

State

Multiple

3.5x

Year

2024

Revenue at Purchase

$6.0M

LTV at Close

95%

Deal Source

broker

Financing Structure

SBA 7(a)

Buyer Equity

Strategic Rationale

Career flexibility to balance family needs; return to hometown (Nashville).

Post-Acquisition Performance

Maintaining profitability; implementing new project management software.

Key Takeaways

1Construction businesses with project-based cash flow upfront from customers avoid typical working capital constraints that plague many construction companies.
2Specialization in a niche service with proprietary processes and brand reputation allows for sustainable premium pricing and customer retention despite project-based revenue.
3Finding a peer mastermind group of fellow searchers in different geographies and industries provides invaluable support and practical knowledge that cannot be purchased through formal programs.
4Sellers genuinely motivated by legacy and culture continuity rather than pure financial maximization can provide better terms and ongoing mentorship during transition.
5A contractor license requirement and woman-owned business continuity reduced competitive buyers, strengthening negotiating position and seller comfort.

Matched SBA Loan Records

SBA loan filings we matched to this deal

Simmons Bank95%

$1.4MP + 2.25%FY2018

The Huntington National Bank95%

$473KP + 2.25%FY2021

Live Oak Banking Company95%

$2.0MP + 1.00%FY2024

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Listen on Acquiring Minds

The Deal

Business

The Porch Company

Industry

design & build construction company

State

Multiple

3.5x

Year

2024

Revenue at Purchase

$6.0M

LTV at Close

95%

Deal Source

broker

Financing Structure

SBA 7(a)

Buyer Equity

Strategic Rationale

Career flexibility to balance family needs; return to hometown (Nashville).

Post-Acquisition Performance

Maintaining profitability; implementing new project management software.

Key Takeaways

1Construction businesses with project-based cash flow upfront from customers avoid typical working capital constraints that plague many construction companies.

2Specialization in a niche service with proprietary processes and brand reputation allows for sustainable premium pricing and customer retention despite project-based revenue.

3Finding a peer mastermind group of fellow searchers in different geographies and industries provides invaluable support and practical knowledge that cannot be purchased through formal programs.

4Sellers genuinely motivated by legacy and culture continuity rather than pure financial maximization can provide better terms and ongoing mentorship during transition.

5A contractor license requirement and woman-owned business continuity reduced competitive buyers, strengthening negotiating position and seller comfort.