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Podcasts/Acquiring Minds
Acquiring MindsFebruary 13, 2025

Networking His Way to $800k SDE

with Alex Holley · B-Dry Systems of Louisville and Ram Jack Louisville

Listen to Episode →

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

The Deal

Business
B-Dry Systems of Louisville and Ram Jack Louisville
Industry
home services business (2 in 1 - appears to be basement waterproofing and foundation repair based on B-Dry and Ram Jack brand names)
State
KY
Year
2024
Revenue at Purchase
$4.5M
SDE at Purchase
$800K
Deal Source
referral

Financing Structure

SBA 7(a)
SBA 504
Buyer Equity

Strategic Rationale

Recession-resistant industry with brand legacy; foundation repair provides counter-cyclical revenue.

Post-Acquisition Performance

Averaging $4.5M revenue per year with ~20% margins; record sales in late 2024.

The LenderHawk View

Real lenders that finance similar deals

Active Lenders
10
Median Spread
P + 2.75%
Top Lenders
U.S. Bank, National Association190 deals
The Huntington National Bank87 deals
Community Trust Bank, Inc.56 deals
Stock Yards Bank & Trust Company22 deals
Republic Bank & Trust Company14 deals
See all matching lenders →

Key Takeaways

  • 1Systematic networking of one meeting per day over three months was critical to finding deal flow in a single local market
  • 2Understanding seller motivation and appetite is essential to structuring an acceptable offer
  • 3Prioritizing employee relationships and communication during transition builds stability and reduces retention risk
  • 4Learning the business through hands-on involvement with crews and operations accelerates understanding and builds credibility with team

Matched SBA Loan Records

SBA loan filings we matched to this deal

Hanover Community Bank85%
$1.0MP + 2.25%FY2025

Want the Full Story?

The full narrative — the personal details, the hard moments, the host conversation — only lives in the original. Go listen.

Listen on Acquiring Minds