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Business AcquisitionCase StudyPremium

Business Acquisition Deal Review

A complete teardown of a $2.3M HVAC services acquisition — projections versus reality.

Premium course. This course is available to Premium Academy members.

About this course

Walk through a real acquisition from CIM to year-one results: the valuation, SBA financing, seller note, diligence findings and what changed after closing.

What you will learn

  • Follow a deal from CIM to close
  • Evaluate the capital stack chosen
  • Compare projected and actual year-one results
  • Extract lessons for your own acquisitions

Curriculum

8 modules · 14 lessons · 1h 11m

  1. Module 1

    Introduction

    2 lessons
  2. Module 2

    Core Principles

    2 lessons
    • Why Buy an Existing BusinessVideo · 6 min
    • SDE vs EBITDAWritten lesson · 4 min
  3. Module 3

    Deal Structure

    2 lessons
    • Asset Purchase vs Stock PurchaseVideo · 6 min
    • SBA 7(a) Financing BasicsWritten lesson · 4 min
  4. Module 4

    Financial Analysis

    2 lessons
    • Recasting Financial StatementsVideo · 6 min
    • Valuation MultiplesWritten lesson · 4 min
  5. Module 5

    Risk Management

    2 lessons
    • Customer ConcentrationVideo · 6 min
    • Owner DependencyWritten lesson · 4 min
  6. Module 6

    Real-World Examples

    1 lessons
    • Example: Valuing a Landscaping CompanyVideo · 6 min
  7. Module 7

    Case Study

    1 lessons
    • Case Study: HVAC Services AcquisitionCase study · 7 min
  8. Module 8

    Final Assessment

    2 lessons
    • Final AssessmentQuiz · 3 min
    • Applied AssignmentAssignment · 5 min

Your instructor

James Harrington

James Harrington

Acquisition Entrepreneur, Harrington Holdings

James has acquired and operated seven lower-middle-market service businesses. He teaches search, SBA financing, negotiation and the transition after closing.

Business AcquisitionSBA FinancingOperations
All courses by James

Member reviews

  • “Exactly the level of depth I was looking for. The downloadable tools are excellent.”

    NGNolan Garrison · Jun 24, 2026

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Once you complete this course, related club investment opportunities in this category will appear here. The Academy teaches how an investment works before you evaluate one.

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