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The Home Service Expert Podcast

How to Build a Sellable, High-Value Business with Private Equity

The Home Service Expert Podcast

Tommy Mello

Business, Management

4.8705 Ratings

🗓️ 1 December 2020

⏱️ 84 minutes

🧾️ Download transcript

Summary

Adam Coffey is the best-selling author of The Private Equity Playbook. Over the past two decades, he has served as President and CEO of three national private equity-backed service companies, and currently leads CoolSys, a commercial refrigeration and HVAC service company. The Orange County Business Journal named him one of their Most Influential Leaders, and made him part of their prestigious OC Top 50.

In this episode, we talked about mergers and acquisitions, strategic planning, operations management...

Transcript

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0:00.8

Yeah, let me tell you something too, because how employees want to be treated is changing generationally,

0:06.8

and you're hitting on something that's very important to today's youth,

0:11.5

and that is they want to be treated fairly, they want to be connected, they want to have a higher purpose.

0:16.7

And what they do for a living, what their title is, isn't what stimulates them.

0:20.7

It's the opportunity, how that company thinks about being a good steward to employees,

0:25.3

to the community, to the world at large.

0:27.8

You know, that's what's driving, you know, call it the next generation, you know,

0:31.1

that's coming into your company today, who will ultimately wind up being the leaders,

0:35.2

you know, 20 years, 30 years from now.

0:37.1

So I think we're definitely becoming a more people-oriented culture and business.

0:42.3

And so for me, my success in the service business has always been, if I'm going to bend the

0:45.8

curve, and I'm going to ask people to work hard.

0:48.0

I got to take care of my product.

0:49.3

My product is people.

0:50.3

I take care of them.

0:51.3

They take care of them. They take care of business. And that's one of the things that helps

0:54.6

me accelerate growth in companies. Welcome to the Home Service Expert, where each week, Tommy

1:00.7

chats with world-class entrepreneurs and experts in various fields, like marketing, sales, hiring,

1:06.6

and leadership, to find out what's really behind their success in business. Now, your host,

1:13.1

the Home Service Millionaire, Tommy Mello.

1:18.6

Welcome back to the Home Service expert. My name is Tommy Mello, and today I have an awesome guest.

1:23.8

I'm super excited. I had to scour the internet and then track this guy down and then

...

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