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Acquiring Minds

Rolling Up Real Estate Appraisal Firms

54 min • 23 augusti 2022

Kevin Swenson shares his story of buying a $3m real estate appraisal firm as a platform to roll up the fragmented space. 

Topics from Kevin's interview:

  • Why the real estate appraisal industry?
  • How to add value as the entrepreneur doing a roll-up
  • Roll-up dynamics
  • Appraisal businesses vs. appraisal management companies
  • Story of his acquisition, the platform business
  • The "Your Sure Thing" philosophy
  • Buying in an industry where you DON'T have experience
  • The nature of real estate service businesses
  • How to mitigate risk when buying a real estate service business
  • Acquisition opportunities in real estate services beyond appraisal
  • How it's going since the real estate market slowed
  • Pivoting a roll-up strategy to react to the market

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