Think Like an Owner

Katie Poehling Seymour - Inside a 5th Generation Distribution Giant - EP.264


Listen Later

In this episode of Think Like an Owner, I sit down with Kathryn Poehling Seymour, President and CEO of First Supply, a fifth-generation, family-owned distribution business with over 700 employees and 53 locations across the Midwest. We cover everything from leading a 128-year-old company through generational transition to building one of the largest distribution centers in company history.


Kathryn shares what it was like taking over as CEO during COVID, the insights she gained from touring every branch in the company, and how she’s leading First Supply through a major operational shift—from a regional hub model to a centralized distribution center strategy. We also talk about how customer expectations have evolved, especially around e-commerce and data transparency, and the company’s efforts to meet those demands while maintaining deep local relationships.


We dive into:


  • The long-term thinking behind First Supply’s massive investment in infrastructure
  • How family governance and values guide decision-making across generations
  • Using AI and data tools to improve pricing, inventory, and customer experience
  • The importance of culture fit in acquisitions and why they're not chasing growth at all costs
  • Kathryn’s leadership style, influenced by her background in law, accounting, and family business

  • This conversation is a masterclass in thoughtful leadership, multigenerational stewardship, and building for the long haul—without losing sight of what matters most: people, relationships, and values.


    Listen weekly and follow the show on Apple Podcasts, Spotify, Google Podcasts, Stitcher, Breaker, and TuneIn


    Watch this episode on YouTube: https://youtu.be/GTxWeRXap9Q


    Learn more about Alex and Think Like an Owner at https://tlaopodcast.com/


    Links:

    Kathryn on LinkedIn - https://www.linkedin.com/in/kathryn-poehling-seymour/

    First Supply - https://www.firstsupply.com/


    Support our Sponsor:

    Inzo Technologies - https://inzotechnologies.com/


    Topics:

    (00:00:00) - Intro  

    (00:04:00) - Becoming CEO and taking an in-person tour of all facilities to get a sense of the situation on the ground  

    (00:07:25) - Customer feedback  

    (00:09:56) - How larger distribution locations affect the direction of the business  

    (00:15:22) - What are the keys to a good location for a massive distribution center?  

    (00:17:33) - How does e-commerce sales impact data?  

    (00:19:53) - AI breakthroughs  

    (00:25:47) - Customer service evolutions  

    (00:31:19) - Acquisitions  

    (00:34:09) - Debt utilization  

    (00:37:58) - Katie’s career before First Supply  

    (00:41:52) - How do you describe your style as a CEO?  

    (00:44:42) - Constructing a board  

    (00:46:30) - Succession planning  

    (00:49:33) - Lessons learned from other family-run businesses  

    (00:52:43) - The next generation of the business  

    ...more
    View all episodesView all episodes
    Download on the App Store

    Think Like an OwnerBy Alex Bridgeman

    • 4.9
    • 4.9
    • 4.9
    • 4.9
    • 4.9

    4.9

    103 ratings


    More shows like Think Like an Owner

    View all
    Built to Sell Radio by John Warrillow

    Built to Sell Radio

    208 Listeners

    Founders by David Senra

    Founders

    1,776 Listeners

    Capital Allocators – Inside the Institutional Investment Industry by Ted Seides – Allocator and Asset Management Expert

    Capital Allocators – Inside the Institutional Investment Industry

    814 Listeners

    The Fort by Chris Powers

    The Fort

    478 Listeners

    My First Million by Hubspot Media

    My First Million

    2,598 Listeners

    Value Hive Podcast by Brandon Beylo

    Value Hive Podcast

    88 Listeners

    Yet Another Value Podcast by Andrew Walker

    Yet Another Value Podcast

    99 Listeners

    Acquisitions Anonymous - #1 for business buying, selling and operating by Bill D'Alessandro, Mills Snell, Heather Endresen, and Michael Girdley

    Acquisitions Anonymous - #1 for business buying, selling and operating

    243 Listeners

    The Business Brew by Bill Brewster

    The Business Brew

    243 Listeners

    The Private Equity Podcast, by Raw Selection by Alex Rawlings

    The Private Equity Podcast, by Raw Selection

    30 Listeners

    Business Breakdowns by Colossus | Investing & Business Podcasts

    Business Breakdowns

    339 Listeners

    In The Trenches by Steve Divitkos

    In The Trenches

    13 Listeners

    Acquiring Minds by Will Smith

    Acquiring Minds

    237 Listeners

    Moneywise by Hampton

    Moneywise

    637 Listeners

    Think Big, Buy Small by Harvard Business School

    Think Big, Buy Small

    31 Listeners