212 - Roll-Ups vs. Holdcos: Understanding the Key Differences and Benefits with Dzmitry Miranovich

Spela upp

🚨MY NEWSLETTER https://nikolas-newsletter-241a64.beehiiv.com/subscribe 🚨Join me, Nik (https://x.com/CoFoundersNik), as I interview Dzmitry Miranovich (https://x.com/dzmitry9). Dzmitry is building a massive roll-up in the veterinary clinic space, currently with over 20 locations!Many people have ideas about what a roll-up or holdco actually is, but Dzmitry breaks down the real differences and reveals why he chose the roll-up route. We dive deep into what makes a good industry for a roll-up, from market fragmentation and tailwinds to operational value creation and how to actually quantify your runway for consolidation!Questions This Episode Answers:• What's the difference between a roll-up and a holdco?• What key characteristics make an industry ideal for a roll-up?• How do you calculate an industry's runway for consolidation?• How does a roll-up's operational value creation drive success?• Why is your first acquisition crucial when building a roll-up?Enjoy the conversation!__________________________Love it or hate it, I'd love your feedback.Please fill out this brief survey with your opinion or email me at nik@cofounders.com with your thoughts.__________________________MY NEWSLETTER: https://nikolas-newsletter-241a64.beehiiv.com/subscribeSpotify: https://tinyurl.com/5avyu98yApple: https://tinyurl.com/bdxbr284YouTube: https://tinyurl.com/nikonomicsYT__________________________This week we covered:00:00 Understanding Holdcos vs. Roll-Ups04:50 The Roll-Up Strategy: Why Choose This Path?09:57 Key Characteristics of a Successful Roll-Up14:47 Measuring Market Fragmentation and Consolidation20:05 The Importance of Size in Acquisitions23:26 The Importance of First Acquisitions25:24 Navigating Challenges in Early Partnerships28:19 Understanding the Veterinary Clinic Market31:10 Differentiating the JV Model from Traditional Roll-Ups36:25 Operational Value Creation in Roll-Ups41:07 Identifying Market Tailwinds and Risks44:03 Analyzing the Dental Roll-Up Market