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

Feb 6, 2024

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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

(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