PE firms can actually HELP your home services company? (This guy proved it)
Manage episode 489099038 series 3599152
The episode of the Job Calls Podcast, Adam Loveridge sits down with Chris Gist from Paradise Home Services to discuss his unique success story with private equity acquisition. Chris shares how Paradise Home Services grew from $1.2 million to nearly $6 million in just three years before being acquired by Leap Service Partners, and why this PE-backed transition has been a positive experience for both the company culture and employees. The conversation explores the importance of maintaining company culture during acquisitions, developing leadership through PE resources, and how being selective about your acquirer can lead to successful outcomes in the home services industry.
0:00 - Create Happiness Philosophy
0:40 - Introduction to Job Calls Podcast
1:17 - Welcome Chris Gist
2:39 - Chris's Background Story
4:00 - Paradise Plumbing Origins
5:04 - Company Growth Journey
7:15 - Culture as Growth Catalyst
9:25 - Core Values Discussion
11:48 - Five-Year Exit Strategy
14:52 - Service World Convention
17:17 - Choosing Leap Service Partners
19:45 - Benefits of PE Partnership
22:13 - Rising Leaders Program
25:52 - Marketing Department Support
27:36 - Leadership Development Success
31:07 - Networking with Legacy Owners
33:45 - Acquisition Horror Stories
36:21 - Due Diligence Advice
39:12 - Interviewing PE Firms
42:28 - Culture-First Approach
45:16 - Hawaiian Shirt Uniforms
48:03 - Company Meeting Traditions
50:41 - Contact Information
53:29 - Final Advice
20 episodes