Episode
The Searchers Building a $10m EBITDA Powerhouse
- Podcast
- Acquiring Minds
- Published
- Apr 23, 2026
- Duration seconds
- 4091
- Processing state
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Summary
Nicolás Lulli bought a document storage business in Peru. 6 years later, it is a $25m leader in the Andean region. Register for the webinar: Advanced Deal Mechanics: NWC, Net Debt & Purchase Price Adjustments - Tue, Apr 28 - https://bit.ly/490Ms0q Topics in Nicolás’s interview: First employee at Relay Investments search fund Launched Peru’s first search fund, Colca Capital Covid lockdowns erased profits almost overnight Rebuilding the business into a tight submarine From $0 EBITDA to $5m in one year Shifted focus toward acquisitions for faster growth Records storage is a real estate business Invests in other searchers to pay it forward The cradle-to-grave strategy in records management Building a searcher community in Peru References and how to contact Nicolás: LinkedIn Colca Capital Get a complimentary IT audit for acquisition diligence or post-close transition. Visit inzotechnologies.com/eta . The ecosystem for serious acquisition entrepreneurs—education, capital, community, and post-close support to buy and grow a business: The Acquisition Lab Work with an SBA loan team focused exclusively on helping entrepreneurs buy businesses: Pioneer Capital Advisory Connect with Acquiring Minds: See past + future interviews on the YouTube channel Connect with host Will Smith on LinkedIn Follow Will on Twitter Edited by Anton Rohozov and produced by Pam Cameron