Acquisitions Anonymous

Acquisitions Anonymous does something most M&A podcasts only talk about: it puts actual businesses on the table and rips apart whether they're worth buying. Twice a week, hosts Bill D'Alessandro, Mills Snell, Heather Endresen, and Michael Girdley take a real listing from a business brokerage or marketplace, share the financials on screen, and debate whether the asking price makes sense. The format is refreshingly practical. One recent episode analyzed a three-location Florida sports bar franchise. Another looked at a California courier service. They go through revenue, profit margins, seller discretionary earnings, the quality of the customer base, and whether the business can survive the transition to a new owner. Each host brings a different lens. Bill has experience operating ecommerce and software businesses. Michael runs a holding company in San Antonio. Mills and Heather round out the panel with their own deal experience and a willingness to push back on bad numbers. Episodes clock in around 25 to 38 minutes, which is just enough time to get through the key questions without padding. With nearly 500 episodes and a 4.8 rating from 251 reviews, the show has clearly found its audience among people who are actually trying to buy a small business, not just daydreaming about it. The discussions are candid about what makes a deal attractive and what makes one a money pit. If you're evaluating acquisition targets or just want to sharpen your instincts for spotting value in operating businesses, this show gives you more real-world deal analysis per episode than most MBA programs cover in a semester.