Former investment banker. 10Y at value hedge fund. Set out to acquire, now building instead. Sourcing M&A deals → sourcing top talent Construction headhunting.

Boise, Idaho
Joined October 2023
“So when’s the last time you raised prices?”
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Two years of building. Today is Day 1 of our relentless march to fix hiring for everyone. Hiring sucks. Businesses hate it. Job seekers hate it. Everyone has accepted it as the cost of finding people. The reason is friction. -Friction to post. -Friction to review resumes. -Friction to schedule. -Friction to share. -Friction to contract and onboard. It’s friction. So we built a marketplace designed to remove friction. Made by recruiters, for businesses that don’t have time to recruit. Search a role. Match with the right people in seconds. Watch intro videos. Book interviews for tomorrow. All in under 15 minutes. That’s Scout OS. A searchable marketplace for busy owners and hiring managers who need great people in minutes. Browse 400k candidates with a free profile. Want to interview? $99/mo. Cancel anytime, or when the hire is done. You only pay the success fee after the contract is signed: $1,999. To celebrate our launch, half off for the first 30 days — $999. You get 60 days of hire protection free. Payroll, assessments, and the rest are in the product. After 60 days, $149/mo. Cancel anytime. 200+ businesses are already hiring on it. If you complete a hire in the next 30 days, the success fee is half off— $999. Try it. When it works, send it to a friend. You get 10% back on every hire they make for the first year.
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My wife letting me know she’s about to take the bus back from NYC to New Jersey while I wait outside of Mathnasium to pickup my daughter before we grab pizza. I can’t wait to drive into NYC on Saturday morning to hang out with a bunch of over caffeinated Patagonia boys like myself to talk small business!
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Boss (wife) said it's okay for me to drive into NYC for this so will be attendance for part of this. Please note that I will be checking my phone to watch Liverpool / Fulham concurrently (game starts at 10am EST) on PeaCOCK. @onemanlbo clearly doesn't follow the Premier League xitter.cf/blueprintsmb22/status/…
FYI for those in the tri-state area in September that want to meet with current SMB owners and/or searchers. Please note "bagles" = "bagels". Pure amateur hour😂 xitter.cf/OneManLBO/status/20958…
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Replying to @blueprintsmb22
Small business owners usually win because they have leverage. Not financial leverage but relationships and experience in an industry. Trusted past customers and employees that can be leveraged to start, grow, and sustain a business. Usually the owner is the last line of defense if all the employees were to ever leave. That’s hard to replicate from a Harvard degree. It can be done of course but not at all easy to do. Finance knowledge and sourcing is one thing and can be done from NYC but boots on the ground and a past network of customers and employees to leverage — that’s very hard to quickly replicate fast enough to benefit the new owner in down times. I don’t even suggest to people any more to go buy a business anymore. I’ve seen how bad it can go way too many times and when you couple personal guarantees and a family on the line, the downside can be devastating. I now suggest for most people to learn a trade skill and then learn to go build something from scratch. We’ve had a good track record at Kelso Industries but man we’ve also had a few tough ones and if a new buyer were to have bought those it would be tough to ever recover. Thankful for our size and ability to handle down times across a few companies. But a new owner does not have that luxury. Go build something from scratch in an industry you research and become a part of. You will thank me later.
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There’s a lot of noise about growing home services companies right now. Especially from people trying to sell you something. I just share our journey to add value. My focus is on winning on the fundamentals. Everyone talks about top-line revenue because it’s fun. I do too. But when I talk top-line, I back it up with a heavy bottom line. My recent post about our organic growth had some skeptics saying the math didn’t check out. 🤷‍♂️ So, here is some real math after 13 months of ownership: • 3.3x revenue growth ($1.9M to $6.3M run rate) • 7.3x EBITDA growth ($220k to $1.6M annualized) • 100% of investor capital paid back (including my own) • $1M in dry powder stacked along the way All organic. And now? M&A is officially underway. Buying a sub-scale business and pouring rocket fuel on it is absolutely possible. I’m proving it every day. I'm proving it to the doubters, but more importantly, I'm proving it to myself. I wasn't raised in a successful family. I’ve mainly taught myself everything I know. I always knew I was capable, but I spent years dealing with corporate C-level executives holding me back because of red tape, politics and their own personal fears protecting their career. Because I didn't come from the pedigree they expected, and because I'm a Marine Corps Infantry Combat Veteran, I can be a little rough around the edges. I have a chip on my shoulder. That’s why I left corporate. I didn't do this to sit back, coast, and build a little equity by slowly paying off an SBA loan. I don't know exactly what the future holds, but we are just getting started.
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Notes to Myself Dear Jameson, You started West Coast Deck just about 4 years ago, and it’s time for your annual summer break. Most people give the advice that they themselves wish somebody would give them or that they would like to receive - I sat down this week and made a list of a few things I would tell you if you hired me as your business coach. If your name isn't Jameson, but you’re in the messy middle of the SMB world ($3-7M of revenue), some of this might be valuable to you. Not sure if this will reach any of you as it is Friday going into a holiday weekend (America forever!). If you're neither of those things, put your phone away and go buy some fireworks. As always, buyer beware. Get Your Head Right Remember that problems are blessings. No work means no problems, and no work is the wrong type of problem to have. The presence of problems is evidence of good things happening to you. Remember that. Attack them with joy and optimism, and it'll help your mental state. While problems are evidence that you have work and good things are happening for your business, you should also pay very close attention to them without letting them disturb your mental state. Just like action produces information, chaos can also tell you that maybe something's broken. Something isn't working, and somewhere you need a course correction. Pay attention to chaos. Lean into it, try to control it, and believe that when chaos exists, you're able to improve it and get to a better state. Action produces information, and that information can be used to improve things. Don't wait until you have all the answers before you move. Move first, then learn from the outcome. When You Woke Up Today, Your Business Was Dead Every day you wake up and your business is dead by default, and you have to breathe life into it. The way you breathe life into it is by going out and hunting new revenue. This will never stop. You can never rest. You can never take a day off. You always have to be hunting more, better, higher-quality revenue and new projects. Never stop hunting. If you can't accept that and you're not willing to do that, just close up shop and go home. There is nothing more important to your business than new sales. Nothing comes even remotely close as a distant second. Not only do sales bring revenue, they bring energy, excitement, and momentum. They improve your mood. They improve your team's mood. They also provide information about how to improve your business. You need an offer: the offer could be a square or rectangle deck. It doesn't have to be rocket science. The way that you turn it into a rinse-and-repeat business is by developing a sales process. When people say "sales process," it means that you take control of the sales dialogue with a set of steps that you repeat each time you go on a sales call. You're not just showing up loosey-goosey, listening to somebody talk about their problems, trying to diagnose the problem, and haphazardly offering a price. You are the driver of the outcome, you are the expert: You show up, you listen, you provide three solutions or options, you make it easy for them to buy, and then you ask for the order. That's a sales process. Also: if you cannot look a customer in the eyes, present pricing (multiple options) to them in person, and then ask for the order, you should close up shop and go get a job somewhere. If you don't have the balls to do that, you don't have any business being an entrepreneur. Crumbl Cookies >>> Wedding Cakes Lean into uniformity and repeatability, particularly with respect to the type of jobs you say yes to. With decks, this means trying to find as many squares and rectangles as possible and avoiding super crazy custom projects where you'll be developing brand-new skills that you'll never use again. Try to find things that you've done before, then do them faster, better, quicker, or cheaper. I think I've already said this, and I should probably make it the number one point and say it three different ways until sundown. The way that you make money in a home services business—or selling some sort of home improvement product—is with a rinse-and-repeat offer that you just do over and over again. Reinventing the wheel and being high craft is a good way to generate word of mouth and maybe always have consistent work, but it's going to be subsistence work that barely keeps the lights on and is a pretty stressful way to live with no safety net. If you can figure out a rinse-and-repeat offer that, pardon my French, any idiot can install, that's when you can really make money for yourself, create enterprise value, take care of your kids, and put money away for the future. CHOP WOOD, CARRY WATER Similar to how you should do everything you can to avoid super crazy edge cases and custom work, do everything you can to establish consistency for your team on a day-in and day-out basis. You should be doing your very best to perform the same activities every single day. A day on a West Coast Deck job site should look and feel the same every single time. Your job as the manager and leader is to perform the same set of activities every single day: review the same KPIs, do the same actions, perform the same sales activities. Every behavior throughout the organization should be governed by a set of standard operating procedures—or, said differently, a set of consistent behaviors for how you do things. Every production site visit should go exactly the same way. Every sales meeting should go exactly the same way. Every day, in terms of the communications your team receives, should be exactly the same. Chop wood, carry water. Figure out what works, then just do it over and over again. Making micro-adjustments and micro-improvements along the way leads to victory. BE THE THERMOSTAT, NOT A THERMOMETER Your entire team looks to you to set the temperature of the room. Your customers look to you to set the temperature of the room. It's your job to make everybody believe that it's going to be okay because it is going to be okay. You're in charge. You always make things happen. You always win in the end, and you need to be the one who makes your team feel that way. Connected to the idea of being the thermostat is that it's not enough just to have the energy. You have to make a conscious effort to transmit that energy to your team through constant communication of: positive feedback, constructive feedback, compliments Tell them you're excited about what they're doing. Tell them you're stoked about their efforts. Just be a source of energy for them and communicate it verbally. If you're not on site with your team, this can happen through: group messages, video content, phone calls Make sure that you consciously give kudos. ON TO CINCINNATI I try to tell my team that my job is to be a high-performance, high-demanding sports coach who's trying to win the league championship. You/re not there to baby them and be nice. Your job is to create top performers, and sometimes that means giving hard feedback and always pushing them. We're not a family; we're a team. You don’t win the Super Bowl by skipping out on conditioning drills. SHARPEN THE AXE BLAH BLAH This is a Stephen Covey (sharpen your saw) or Abraham Lincoln (spend most of the time sharpening your axe) thing: you need to do everything in your power to keep yourself in top operating condition - on all dimensions. Don’t be so vain as to call yourself a “cognition athlete” but you better take care of your body so that your mind can handle the load you’re carrying. You can get lost going down rabbit holes on this, but most of them boil down to: >get good sleep >try to eat well >drink lots of water >lift heavy weights >go for walks on the beach I should probably have led with this. You just have to take care of yourself. If you don't take care of yourself, you'll burn out, you'll run into health issues, and you'll lose. You have to start by winning here. STOP NEEDING TO BE LIKED Another thing that will hopefully happen for your in your journey as a business owner is that you’ll evolve from wanting everybody to love you—and thinking that universal affection from employees, partners, investors, and clients is what will make your business successful—to becoming somebody who understands what the real drivers of profit are for the business and then being ruthlessly protective of those things - and realizing that this has nothing to do with being nice and being liked. A lot of that comes from shifting from being nice to being, for lack of a better term, right—and making the correct decisions for maximizing profit. You grow to understand that it is only through maximizing profit that you can maximize benefits and outcomes for your team members, yourself, and your customers. I know that's not universally true, but I think in the case of this specific type of micro business, when we are profitable, we do a better job and generally produce a better product for our customers. We're able to give our employees better stability, better benefits, and better working conditions. As the owner, you're in a better mental state, which makes everybody's life better. BE THE CLEAN GAS STATION There are a million different places for people to get gas. Most have a bunch of grime and gunk and gross bathrooms. You want to be the place where people feel comfortable eating off the floor. You don't have to be Buc-ee's, but you want to be the clean gas station with the best snacks. CHEAP AF FTW The last thing I'll say is that you cannot be too frugal as an owner, operator, or entrepreneur. Sure, you'll see people online talk about the things you need to spend money on and how you have to spend money to make money. In your case, you need to pay attention to every wasted screw, negotiate every last deck board, and save costs wherever you can so that you can invest money into the things that really move the needle: your people and the quality of craftsmanship that you bring to the market. Being frugal also protects you against the inevitable unexpected expenses that come with running a business. It is an essential way of living for an entrepreneur. In a business that doesn't have software economics or massive economies of scale, it may be the only durable way to produce consistent profit—by building a low-cost provider whose internal cost structure is as lean as possible. (highly recommend the book Art of Profitability for additional reading on this) TL;DR If you want to have 1% outcomes, you have to do things that 99% aren’t willing to do. BUT, for SMB, you’re not figuring out how to go to Mars: you’re figuring out which single task, if repeated 10,000 times in a row, will give you the outcome you want - and then somehow figuring out how to find the strength to avoid distractions and just putting in those 10,000 reps. Anyways, I hope you have a great fourth of July. I’m proud of you, and rooting for you. You got this. -Jameson
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One Man LBO retweeted
kind of incredible that boise, idaho got a $1T company before new york or all of europe
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Looking at 28,000 deals
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We launched mid-2025 and after reviewing hundreds of listings by the end of the year a few things were obvious. Finding a quality asset around 3x that doesn't have massive project revenue, high maintenance capex, extreme customer concentration or growth you know can't be sustained (revenue 2x'ing for two years and then what?) is borderline impossible right now. Brokers and sellers are anchoring valuations to peak performance from a few years ago despite the underlying business declining. We were seeing 2024 financials still being used as late as Q3/Q4 of 2025 which usually meant flat or down trailing. Sellers are also extremely averse to structure. You're lucky to get a modest seller note. Earnouts are off the table. We're institutionally backed and even we've had to bring more equity to close, take less structure and work primarily with smaller brokers instead of the larger platforms.
Number one theme from SMBash 2026 for me: it is objectively harder to get deals done, and deal quality is going down. To paraphrase Jacob Hall: The self-funded search playbook of 2019-2021 no longer works.
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Veteran buried his eldest and it’s not looking good for his two others. Posting for any connections, help that can be made while they fight for time.
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Crazy feeling. On my 530 am flight ✈️ home leaving the city my first independent sponsor deal was done in, in 2024. Closed on the exit yesterday, announced to all our employees (welcomed one new team member from an acquisition we closed the same day). Was receiving grateful texts from employees last night who we gave a “thank you bonus” to. Re-listening to the soundtrack I made to pump me up to resign from my last w2 (hopefully ever).
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One Man LBO retweeted
Given the current topic du jour… This may be the single best advice to 95% of prospective searchers about to quit a lucrative W-2 to jump into business buying
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One Man LBO retweeted
In January, my co-founder (@hardhatCFO) and I started Fervent from ZERO. 12 months later: $421k in revenue for FY-2025. Peak run-rate over $810k. 1 acquisition closed. STRAP IN: for the backstory, the pivot, and a thread on why the: "you can (and should) just do things" isn’t just a meme 🧵
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Replying to @alexangeline_
Someone out there will eventually figure out how to buy credit default swaps on construction business buyers with MBAs from Kellogg
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Replying to @chrisxmunn
@chrisxmunn should really frame this quote from his conversation with @tsludwig. If you nail it like this, you should also nail it to the wall. "To do anything out of the ordinary, I think you have to have some of that [irrational level of confidence]. Your odds are low that you’ll succeed. If you’re just playing the odds, then you’ll almost never do anything, because the odds are almost never in your favor to do anything extraordinary. That’s why it’s extraordinary. You get the status quo. I think all entrepreneurs have some kind of 'I’m built for this. Maybe no one else is, but I am.' And that may be because you had too much coffee, or it could be your childhood. It could be anything. But all great entrepreneurs have an irrational level of confidence in themselves. I don’t need all the answers to start working on a problem. I just need to know that the problem is solvable. And then I’m good to go." Great listen on Transitions podcast.
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Replying to @SMB_Attorney
One thing about college I’ll be eternally grateful for is not the education itself and doors it opened, but life-long friendships. Regular natural, unscheduled interactions and bonding over 4 years are pretty powerful. So much harder after
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