The Inspired Stories Podcast

The Human Side of Private Equity: Rob Carskadden's Approach to Small Business Acquisitions


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πŸŽ™οΈ From Factory Floor to Private Equity: Rob Carskadden's Journey in Transforming Small Businesses

In this inspiring episode, Rob Carskadden, co-founder and managing partner of Three Rivers Capital, shares his remarkable journey from working the factory floor at Ford Motor Company to building a successful private equity firm focused on small business transformation. With over 20 years of experience in buying and recapitalizing family-owned businesses, Rob reveals the human side of private equity, the untapped potential in small companies, and how foundational changes can drive substantial growth in overlooked markets.

✨ Key Insights You'll Learn:

  • From Factory Floor to Finance: How hands-on manufacturing experience shaped Rob's understanding of real business operations

  • The Hidden Market Opportunity: Why 350,000+ companies east of the Mississippi needed succession planning in 2004

  • Small Business Transformation: How basic foundational changes like sales processes and ERP systems drive substantial growth

  • The Human Element of M&A: Managing the emotional transition when entrepreneurs sell their "babies"

  • Private Equity's Evolution: How the lower middle market has changed dramatically over 20 years

  • Untapped Talent Discovery: Finding hidden gems within small company workforces during acquisitions

  • Strategic Thematics: Using global trends like demographics and digitization to identify investment opportunities

  • Entrepreneurial Resilience: Learning from setbacks and the willingness to say "yes" at critical moments

  • Partnership Philosophy: Why trust and authenticity win deals over being the highest bidder

  • Value Creation Planning: Building growth strategies collaboratively with existing management teams

🌟 Rob's Key Mentors & Influences:

  • Parents: Blue-collar background that instilled curiosity, determination, and strong work ethic

  • Wrestling Coach: Developed perseverance and "fire in the belly" determination from age six

  • Ford Motor Company Mentors: Learned real manufacturing operations and product development

  • Dale Buckwalter (Co-founder): Partnership built on mutual respect and complementary skills

  • Wife and Family: Incredible support system that enabled entrepreneurial risk-taking with four children under seven

  • Victor Frankl: "Man's Search for Meaning" - philosophy on finding purpose through adversity

  • Marcus Aurelius: "Meditations" - focus on present moment and controlling what you can control

πŸ‘‰ Don't miss this powerful conversation about building authentic partnerships, the hidden potential in small businesses, and how curiosity and determination can transform both companies and lives.

πŸ”— Connect with Rob Carskadden:

  • LinkedIn: Rob Carskadden

  • Company Website: threeriversccap.com

  • Three Rivers Capital: Pittsburgh-based private equity firm specializing in small business transformation

πŸ“„ Transcript Available: From Factory Floor to Private Equity: Rob Carskadden's Journey in Transforming Small Businesses

πŸ“Ί Watch on YouTube: Inspired Stories Podcast by AddBack Benefits Agency

🌐 Our Website: The Inspired Stories Podcast

πŸ“„ Special Thanks to Anthony Codispoti & AddBack Benefits Agency:

AddBack Benefits Agency - Providing innovative employee benefits solutions that improve employee well-being while optimizing your bottom line Website: addbackbenefits.com

#PrivateEquity #SmallBusiness #BusinessTransformation #Entrepreneurship #Manufacturing #SuccessionPlanning #FamilyBusiness #M&A #Leadership #InspiredStoriesPodcast


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The Inspired Stories PodcastBy Anthony Codispoti