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Acquiring Minds

Acquiring Minds

Run It for 6 Months Before You Buy It

Oct 29, 2026 · 1h 16m

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On this episode

About this episode

Jeff Thompson took over an unprofitable elevator company as GM, with a pre-agreed right to buy it in pieces. Topics in Jeff’s interview: Why elevator companies attract private equity Turning operational chaos into repeatable processes Empowering employees to solve technical problems Improving pricing and expanding customer revenue Structuring a staged, three-year business acquisition Aligning incentives between buyer and sellers Building trust through transparency and fair dealing Growing revenue beyond $8 million annually Using hire-to-acquire to reduce acquisition risk Finding new acquisition opportunities in elevator services References and how to contact Jeff: LinkedIn…