Unlocking Massive Growth Through M&A with Steve Carroll - Kelso Industries

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We interview successful Architecture, Engineering, and Construction (AEC) business leaders to learn how they use people, processes, and technology to scale their businesses.

Unlocking Massive Growth Through M&A with Steve Carroll - Kelso Industries

E78 • Feb 6, 2024 • 67 mins

In this episode, Steve Carroll, co-founder of Kelso Industries, discusses his company's strategic growth, the impact of acquisitions on employees, and the importance of cross-functional collaboration. He also shares insights into Kelso's long-term business goals, efficient resource management strategies, and the financial implications of aggressive growth.

Connect with Steve Carroll - Steve's LinkedIn: https://www.linkedin.com/in/stevenhcarroll/

Connect with Kelso Industries - Website: https://kelso-industries.com/ Kelso LinkedIn: https://www.linkedin.com/company/kelso-industries-llc/ Facebook: https://www.facebook.com/kelsoindustries Instagram: https://www.instagram.com/kelsoindustries/ Twitter: https://twitter.com/kelso_ind

Connect with Justin & Will - Will's LinkedIn: https://www.linkedin.com/in/willforet/ Justin's LinkedIn: https://www.linkedin.com/in/justneagle/

Learn More & Connect With Spot Migration - Website: https://www.spotmigration.com LinkedIn: https://www.linkedin.com/company/spot-migration Facebook: https://www.facebook.com/spotmigration Youtube: https://www.youtube.com/c/Spotmigration Do you want to be a guest on the show? Go to https://buildingscale.net/guests Need to discuss your IT and Cybersecurity Strategy? Go to https://buildingscale.net/help

Speakers

Will Foret

Host • 18%

Justin Neagle

Host • 14%

Steve Carroll

Guest • 68%

Chapters

0:00	Introduction and guest presentation: Steve Carroll, co-founder of Kelso Industries
0:32	Sponsor: XYZ Corporation
2:56	Steve's background and Kelso Industries' growth strategy
11:16	Impact of acquisitions on employees and finance department
15:16	Selecting businesses to acquire and increasing efficiencies
18:28	Developing functional expertise and expanding cross-functional collaboration
20:22	Kelso's long term business goals and expansion into new sectors
23:41	The evolution of Kelso's 'Big Hairy Audacious Goal' (BHAG) and striving for industry excellence
25:01	Strategies for growth, efficient resource management, and the power of collaboration
35:06	Financial implications of aggressive growth and managing capital partners
43:03	Refining the M&A strategy, upskilling employees, and promoting leadership
1:00:52	Consolidating systems, evaluating operational technologies, and projected growth
1:03:23	Wrapping up: Advice to Steve's younger self and contact information
1:06:00	Conclusion, podcast mission, and final words

Transcript

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