FINALLY BUILDING SOMETHING OF HIS OWN
If there is a story that defines the never-give-up mentality, it’s the story of Greg Anderson. It began 40 years ago when he started an engineering job at 17 year of age and dreamed of owning his own busi-ness. That pursuit became a reality in July of 2020, when Greg, Tim Mitchell, and Bob Wen-zel became the new owners of EarthTec En-gineering.
Located in Lindon, Utah, EarthTec Engi-neering employs 36 full-time employees and provides services throughout Utah. They spe-cialize in performing environmental, geotech-nical investigations and engineering studies, welding inspections, construction material testing, and many more services.
Greg began visiting the SBDC in 2013 as he sought guidance on whether to start his own business or purchase an existing one. Over the years, Greg worked with his SBDC advisor to evaluate several opportunities, but it wasn’t until 2020 that the right opportunity and the right partners arrived.
“Clearly, do your homework and know what you’re getting into, but most of all, ask yourself this question: What would you do if you weren’t afraid?” – Greg Anderson
At the time, Greg and Tim were both working as employees at EarthTec when they learned the owners were seeking to sell. Greg again contacted the SBDC, and over the course of several months, Shaun Wilson helped with the business valuation, SBA financing preparation, and negotiating the purchase of the business. Greg explained how the SBDC’s coaching and support through the acquisition was a tremendous help in making this lifelong dream become a reality.
While reflecting on why he never gave up on his dream of owning his own business, Greg acknowledged that he and Tim are similar, saying, “We are driven self-starters who’ve always wanted to pursue our own path, control our destiny, and build something of our own.”
With new titles and increasing revenues, the new EarthTec team is now focus-ing on future growth in new markets and seeking to hire 10 new employees in 2022.
When asked what tips they’d give to prospective business owners, Greg said, “Clearly, do your homework and know what you’re getting into, but most of all, ask yourself this question: What would you do if you weren’t afraid?”
Business Assisted by The SBDC At:
