Acquiring MindsJun 29, 20261h 31m1.9K views

Growing a $5m Metal Business 40% in Year 1 | Caleb Standafer Interview

Name: Growing a $5m Metal Business 40% in Year 1 | Caleb Standafer Interview
Uploaded: 2026-06-29
Duration: 1 h 30 min 38 s
Description: Caleb Standafer bought Springfield Tool & Die, a metal manufacturing business doing $5m in revenue, after a four-year part-time search. In his first full year he grew it to $7m, expanded the team from 17 to the mid-20s, and worked through SBA debt, environmental issues, process improvements, and a customer concentration where one customer represented about 75% of revenue.

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Synopsis

Caleb Standafer bought Springfield Tool & Die, a metal manufacturing business doing $5m in revenue, after a four-year part-time search. In his first full year he grew it to $7m, expanded the team from 17 to the mid-20s, and worked through SBA debt, environmental issues, process improvements, and a customer concentration where one customer represented about 75% of revenue.

Ideas in this episode

Zero-down business acquisition
Caleb Standafer acquired Springfield Tool & Die using SBA debt after a four-year search. He grew the metal manufacturer from $5m to $7m in revenue in year one while managing environmental issues and high customer concentration.
Small business acquisition (no experience required)
Caleb Standafer bought Springfield Tool & Die for $5m in revenue and grew it 40% to $7m in year one. The episode covers SBA debt, environmental issues, process improvements, and a customer representing about 75% of revenue.