Podcast #04

“Company Aquisition”

Featuring Ed O’Connell

Intro: Welcome to Profiles In Prosperity, with your host, David Heimer.

David Heimer: Hi, I’m David Heimer, welcome to Profiles In Prosperity. Today, we’re speaking with Ed O’Connell. Ed is the founder of O’Connell Plumbing, which had the best tagline I’ve ever seen. It was the only plumbing company highly recommended by my mother. Hilario us, clever, very creative, which is very appropriate and common for Ed. Here’s a bit more about Ed. He founded, grew, and ran O’Connell Plumbing, which he built into a very successful residential plumbing company. And then he sold it a few years ago for a very tidy sum.

When he ran O’Connell Plumbing, he was named the Service Roundtable Contributor of the year. And after selling O’Connell Plumbing and becoming an industry consultant, he was named the Tom McCart Consultant of the year. He was a speaker at the International Roundtable in Fort Worth a few years ago. He speaks at our Success by Design Days, periodically. He’s a columnist for Contractor Magazine, he’s a mentor for two Service Nation Alliance Advisory Boards, and he’s an industry consultant as w ell. So welcome Ed, thanks for agreeing to do this with me.

Ed O’Connell: Oh, thanks, David. When you listed all that stuff, I really didn’t realize how much I had to live up to here.

David Heimer: Well, it’s all true, and you’ve been a big success. So, as we sort of summarized there a little bit, you’ve had a really interesting life, you’ve learned a lot, you’ve been great about sharing your experiences with us. One thing you pointed out to me a few years ago, was the very positive impact of groups of people working together, and the impact that those have had on your life. So, I’d like to start, if you don’t mind, you were a Vietnam vet, after completing your service, you became an alcoholic and lived on
the street for, I think you said about 10 years. Is that right?

Ed O’Connell: Yeah, mostly during the 1970s.

David Heimer: And, I should point out that you have been sober since then. And howmany years would that be?

Ed O’Connell: 38 years now.

David Heimer: Wow! Way to go. So, to start off, how didyou get off the streets and getinto plumbing?