Acquisitive competitor growing by buying retirement-age trade businesses approaches Advanced Plumbing Experts

A plumbing company, Advanced Plumbing Experts, was approached with a lowball offer by a fast-growing competitor that has grown primarily through acquisition, targeting well-established businesses whose owners are nearing retirement.

“They had been approached by a competitor, a relatively new company that had experienced significant growth in its short lifetime, primarily through acquisition. The companies they were acquiring were mostly well-established businesses with owners that were approaching retirement.”

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