Acquire Your Passions or Acquire in a Time-Tested Industry?

by a searcher from University of Minnesota - Twin Cities Campus

1 year ago

Hi all! My name is Jessi, and I'm new to the world of M&A.

Question for the experienced searchers and acquirers out there...

Do you acquire/invest in industries you're passionate about, or do you acquire/invest in industries that are time-tested and recession-resistant (plumbing businesses, locksmiths, etc)?

I'm sure some people are super passionate about plumbing, but let's just say I don't go to sleep dreaming about pipe wrenches. ;-)

Thanks for your thoughts!

3 likes
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29 comments

searcher from Ivey Business School at Western University

Late to this thread but still found it interesting and helpful, thank you!

1 year ago | like reply | 0 likes

professional from East Carolina University - College of Business

While fundamentals are obviously essential, having a passion for the category often provides that extra motivation and curiosity. You don’t need to be a category expert, but there needs to be more than a casual appreciation for the customer base and what it needs.

1 year ago | like reply | 0 likes

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