On this episode of The Value Factory Podcast, Nick Anderson and John Martinka of Nokomis Advisors dive deep into growth by acquisition—when it works, when it doesn’t, and what it really takes to make it pay off. They unpack why some owners chase “boring business” deals with no cash down and lose, while others scale smart through strategic buys, integration discipline, and leadership readiness. From financing stacks and cultural fit to the hard math of debt coverage and post-merger integration, this episode lays bare the difference between wishful growth and strategic expansion. A grounded, data-driven conversation about M&A, leadership maturity, and the realities of doubling a business without doubling the risk.
