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Answers for people buying businesses and building holding companies.

Practical, sourced answers for first-time buyers, searchers, and owners buying their second business and beyond. Written by Joel Arberman, who has taken 17 companies public and advises acquisition entrepreneurs through Meraki Partners, LLC. Our view is that the most valuable acquisition strategy is a holding company, and at scale, sometimes a public one.

Start here

Building a holding company

For searchers and owners buying their second business and beyond: structure, capital, roll-ups, paying sellers in stock, and whether to go public.

Guides

Which model: search fund, self-funded or independent sponsor

Investor terms and the step-up

The second acquisition

Structuring the holding company

Hurdle rates, ROIC and deal size

Roll-ups and multiple arbitrage

Serial acquirer models explained

Public-record case studies

Paying sellers in stock, rollover and earnouts

Raising capital for the holding company

Adviser vs course

Taking a holding company public

For owners weighing a listing: when it makes sense, the routes and costs, today's rules, and using public stock to keep buying.

When a holding company should go public

Going public under 2026 rules

Holdco routes to listing

Routes and costs

Search fund to public holdco

Public stock as acquisition currency

Acquisitions once public

Operating as a public holding company

Buying your first business

For first-time buyers: readiness, finding deals, financing and SBA loans, valuation, diligence, letters of intent, closing and the first 90 days.

Am I ready to buy a business?

Buy, start or franchise

Finding deals

Business brokers

How much cash do I need?

SBA 7(a) acquisition loans

Deal math under SBA SOP 8.1

Seller financing and creative structures

Valuation

Due diligence

Red flags

LOI and negotiation

Asset vs stock and what's included

Taxes and legal

Timeline and closing

First 90 days

Industry guides

Partners, investors and your deal team

Not sure where to start?

Start with the playbook. The first conversation is free.

Meraki Dealmakers is a service of Meraki Partners, LLC.

Meraki Partners, LLC is an advisory firm. It is not a broker-dealer, investment adviser, business broker, law firm or accounting firm, and does not solicit investors or receive compensation based on capital raised.

© 2026 Meraki Partners, LLC

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