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.

Steve's LinkedIn: https://www.linkedin.com/in/stevenhcarroll/

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

Will's LinkedIn: https://www.linkedin.com/in/willforet/

Justin's LinkedIn: https://www.linkedin.com/in/justneagle/

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

 

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(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