Agent-First
Boring Business
M&A

Michele “Mike” Mauri

Acquiring stable, asset-backed local industries. Eliminating admin margin. Expanding multiples through tech.

01

Chasing Boring Cash Flow

Focus on acquiring unsexy, recession-proof, asset-backed local industries - HVAC, plumbing, water delivery - that print cash, instead of chasing the VC-hyped, Adderall-fueled AI model race. These businesses don’t need to be disrupted; they need to be acquired and stripped of friction.

A
Down Payment
$20,000
SBA Loan (7(a))
$980,000
$1,000,000total acquisition

Annual SDE

$200,000

Cash on Cash

10x / yr

Down / Total

2%

A $20,000 down payment controls a $1,000,000 asset throwing off $200,000 in annual seller’s discretionary earnings. That’s 10x annual cash-on-cash yield on day one - before any operational improvements.

02

The Agent-First Catalyst (MCP)

Using AI automation to gut administrative margins, and integrating Model Context Protocol (MCP) so that customer-facing personal AI agents can autonomously discover, order, and schedule services without humans in the loop. The admin layer that once consumed 15-20% of revenue goes to zero.

B
Consumer AgentBusiness AgentProcurement AgentMCPprotocolHVACPlumbingWater Delivery
DiscoverOrderSchedule

Gutted middle layers

SEO / Ads
Sales Team
Admin Overhead

AI agents discover, order, and schedule services through MCP - bypassing SEO spend, sales commissions, and administrative overhead. Margins that were 15-20% go to near-zero.

03

The SBA & Roll-Up Arbitrage

Utilizing high-leverage acquisition structures - like the Canada SBA play: $20K down for a $1M business - and rolling individual businesses up into a tech-enabled aggregate to expand valuation multiples from 3-4x to 8-10x.

C

Individual Acquisitions

HVAC Co.3.2x · $280K
Plumbing Inc.3.5x · $210K
Water Co.3.8x · $190K
Electrical LLC3.4x · $160K
DrainWorks3.6x · $140K
Total cost$3.4Mat avg 3.5x

Tech-Enabled Aggregate

$8.3M8.5x multiple$980K combined SDE
Multiple expansion
3.4x8.5x

145% valuation uplift · $4.9M in arbitrage value created by rolling up fragmented local businesses under a single tech-enabled platform.