Boring Business: Big Success Building a HVAC Empire with John Akhoian Artwork

Top M&A Entrepreneurs

Every week, we talk to the "Top M&A Entrepreneurs" today to ask them about their Acquisition Journey. When and why they started and what was the call to adventure. We talk about where and how they source their deals, how they analyze deals, how they do valuation, and how they negotiate a deal. We talk about how they finance a deal and how they raised capital to acquire the deal. We talk about their successes, failures and what keeps them inspired.

All Episodes

Top M&A Entrepreneurs

Boring Business: Big Success Building a HVAC Empire with John Akhoian

January 02, 2024 • Jon Stoddard • Season 1 • Episode 131

Boring Business: Big Success Building a HVAC Empire with John Akhoian

Summary

John Akhoian, the founder of Rooter Hero Plumbing, shares his journey of starting and growing his plumbing and HVAC company through acquisitions and rapid expansion. He discusses the strategy behind acquiring other companies, the importance of targeting specific demographics, and the challenges of managing multiple locations. John also highlights the equity packages offered to employees and the goal of creating 100 millionaires within the company. Overall, Rooter Hero Plumbing focuses on providing excellent customer service and creating a positive work environment for its employees.

Takeaways

Rooter Hero Plumbing has experienced rapid growth through acquisitions and strategic expansion.
The company focuses on targeting specific demographics and providing excellent customer service.
Rooter Hero Plumbing offers equity packages to employees and aims to create 100 millionaires within the company.
The founder emphasizes the importance of mentorship and networking for personal and professional growth.

Chapters

00:00 Introduction and Background
01:09 Starting Rooter Hero Plumbing
02:05 Expansion and Acquisition Strategy
03:12 Acquiring Specialty Contracting Group
04:22 Acquiring Can Do Plumbing
05:19 Acquiring HVAC Companies
06:38 Number of Locations and Average Revenue
07:04 Target Demographics for Expansion
08:20 Equity Packages and Future Plans
12:26 Number of Trucks and Employees for Revenue Generation
19:11 Pricing Strategy and Unit Level Economics
20:17 Acquisition Process and Funding
26:44 Challenges and Mentorship
31:11 Employee Turnover and Hiring Criteria
35:29 Compensation for Technicians
36:13 Goal of Creating Millionaires