Earliest Lesson in Perseverance
Evergreen leaders share a commitment to the long view as they build and scale their businesses. For many, lessons in perseverance and grit learned early in their lives have been formative in their approach to business. At Tugboat Institute Summit 2018, members told stories of their earliest experiences working through challenge to accomplish goals and find success.
Purpose in the Pipeline
Here’s a little plumbing 101: It takes a minimum of 8,000 hours of combined on-the-job training and classroom instruction for an apprentice plumber to test to get a journeyman’s license. That means a person will likely work three-to-four years in the trade before he or she can even test for their license; after that, if the goal is a master plumber license, that requires another four-to-five years.
The extensive process is critical. While plumbing is an often under-appreciated trade, the reality is that licensed plumbers serve communities in essential ways, protecting people’s health by helping ensure the availability of clean water and functional sanitation equipment and gas lines. Modern plumbing has saved more lives than modern medicine.
At our Evergreen business, Charlie’s Plumbing, we train plumbers to enter into the trade through our apprenticeship program and ongoing training opportunities. Stepping into the apprenticeship program is a transformative opportunity for many. Vocational training was largely removed from high school and community college curriculums in the early 2000s, and while it has been reintroduced to an extent in recent years, plumbing programs are few and far between in Texas. For that reason, we work hard to make young people aware of the meaningful and well-compensated work available in the trade through career days, technical classes, and other venues. We want them to know that if they entered an apprenticeship after high school, they could be a licensed journeyman by 22 or 23.
And while we do bring young people into our program, it’s not uncommon for people to come to the plumbing trade later in their career path. In fact, the average plumber gets his or her license at 36. Many of the people who choose this path may have left high school with no sense of what they wanted to do, so they’ve bounced around between jobs without developing a strong set of skills; life may have intervened in various ways to get in the way of their getting a college degree. This industry and the training they receive as an apprentice can offer a fulfilling, lasting career, and we’re proud to be growing this workforce and introducing skilled, good people to the industry.
Once people find their way to us, my goal is to offer them the best training resources to develop their skills. While much of apprenticeship training is hands-on work with experienced licensed plumbers on our team, we have also developed on-site training facilities, including a “sandbox” that allows them to learn how to run underground piping and practice blue print reading and a training area equipped with pipe fitting materials, boilers, water heaters, and other materials to practice skills. And, we’ve just recently added a “dollhouse”—a miniature house that provides a practice model for building to-scale plumbing structure, which mirrors what they will have to complete on their license test.
Certainly, I’m motivated in these efforts by the very real labor shortage and lack of vocational training available for those who are interested in entering the trade. But for me it runs deeper. While the apprenticeship program allows us to provide the commercial and industrial plumbing services that are the core of our business, it also allows us to fulfill our Purpose: to provide really good jobs and to be a home for our employees.
It’s that Purpose that inspires me to offer not only a robust benefits package but a work environment, technology tools, and personal development opportunities that reflect an employee’s value to our business. Even more important, I want employees to feel included and engaged because I think at the end of the day that’s the most important benefit I can offer. I want each person to know that when I ask, “What is it that you would like to offer the business?” or “How can we make you feel you are part of the team and that your opinion matters?” that I truly want to know. Our business will grow and thrive when people are invested and feel heard.
I think that while the definition of “a really good job” continues to evolve in the current labor market, especially for the younger generation, the lasting, authentic benefit of providing an employee a sense of value and a workplace that feels like a place to come home to is what matters.
Merrill Crawford is the CEO and President of Charlie’s Plumbing.
Long Term Thinking in a Short Term World
We all have our own cognitive maps, unique to us and determined by our individual experiences and history. Sometimes, these maps can be limiting—in business and in life. While challenging, having the courage and Perseverance to see beyond the borders of your own cognitive map—and those of others—can lead to transformative expansion, innovation, and success for Evergreen businesses.
In his presentation from Tugboat Institute Summit 2018, Arpad Molnar, Co-Founder and Managing Partner of Obsidian Wine Co., shares his experience building a business that has continually disrupted the cognitive map within his industry and has maintained a steadfast focus on the long term, rather than on short-term gains.
Evergreen in Hollywood
There’s an oft-repeated quote in Hollywood: “They come, they go, who called?”
The originator of that quote, Lew Wasserman, was the godfather of all talent agents. He ran the legendary MCA, bought Universal Pictures, was forced out of the agency business by the government for his monopolistic control of the talent and their work, was considered the link between Mafia money and Hollywood, and famously helped elect Ronald Reagan as President—among other famous (and infamous) points of notoriety.
He wasn’t exactly Evergreen. His 7Ps were: 1.) Plunder, 2.) … Well, now that I think of it, all seven were plunder.
Building a 100-year company has never been the priority in Hollywood. In an industry where everything revolves around what sells right now, short term thinking rules. Ethics and morality are considered conveniences at best in the pursuit of transient power. Making a living off pop culture in a landscape wherein this year’s investment is worthless by next year tends to bring out the worst in people and the businesses they build. The culture breeds cynicism.
I began my career as an actor and musician. I did well in my twenties, making a living in theater, TV commercials, and recording sessions. Invariably, I was cast as a 16-to-19-year-old. Then I woke up one morning and didn’t look 16-to-19 anymore. Too old to play a teen, too young to play a Dad, they stopped casting me. It all fell apart.
Almost 30, married with two young children, I moved over to production to make ends meet. I worked on TV commercials, driving equipment trucks and working my way up. Six years later, as an Executive Producer, I cast off the 16-hour days to become an agent. As an actor, I had seen my agents as a necessary evil.It was the thing I swore I would never be.But, the family had to eat, and there was an opportunity, so… never say never.
Twenty-three years, one big agency experience, one start-up and two mergers later, I am Co-Founder and CEO of Worldwide Production Agency (WPA). We’re a mid-sized agency in a large-sized agency marketplace, with offices in Los Angeles and London.
When we started WPA in 2010, we were a small, boutique agency that operated in guerilla mode, recruiting clients away from the big agencies almost at will. Able to move quickly and do things they couldn’t was our advantage and USP. But then things changed. The big agencies, in response to increased competition with one another, began eating boutiques like us, stripping out as much talent as possible as quickly as possible. Essentially using boutiques as talent farm teams, they culled the most lucrative employees and talent from the smaller firms, seeking out the self-propelling money-making machines and ignoring the foundational work of agencies to nurture and grow talent.
With the pressures of those large agency tactics propelling us, over the past five years we’ve scaled at a rapid pace, growing our client list from 70 to over 400, leaving the boutique mantle behind, and entering the mid-size market, with offices in Los Angeles and London. The strategy is to grow talent as we always have, yet to be able to sustain sudden and unexpected client losses.
So, what then becomes our USP?In truth, I didn’t know what USP—nor ROI, ROE, or ROA for that matter—until several years ago. I am a self-trained executive, and my only guiding principles were constant learning and trying to do the right thing. In many ways, I’m glad I didn’t know what I didn’t know.Ignorance of traditional business practices may have led me to take bolder risks—but also to be less prepared to operate at scale.
Then I came across Evergreen.
When I read the interview with Tugboat Institute founder Dave Whorton in Conscious Company Magazine, I knew I had found the thing missing in Hollywood and what I was looking for to establish guiding principles for WPA. I saw that an Evergreen orientation could replace the USP that had been lost through rapid growth.
The process of introducing and reinforcing the concepts of Evergreen in our company has been a journey, and the progress has been slow but steady. It’s an orientation that goes against the grain of the common agency model, wherein each agent is treated as an entrepreneur running an individual business under the banner of the agency. It’s a model that breeds competition, secrecy, and fiefdoms inside the walls. It encourages hoarding of information and dis-incentivizes teamwork. Perhaps good for the bottom line, it’s terrible for employee morale, turnover rate, and, most important, for servicing clients.
When the agency is smaller, these issues are not much of a problem.When you have five employees, you generally know what everyone is doing, and the information is easy to share. The common goal is to survive. When you scale to over 25 employees and have grown at the rate we have, when survival is no longer at stake, you then need a common philosophy to make sure you’re all headed in the same direction.
Now, the Evergreen 7Ps are that shared direction. Because the concept goes so against the grain of the Hollywood way, it needs constant reinforcement to get into the fabric of the company culture. It sounds good enough, but applied to an aggressive, take-no-prisoners industry, it can appear “soft” regardless of its inherent power. Like I said, the progress has been slow but steady.
I’m selling those around me on building a new Hollywood: Less carnivorous and more humanistic than in the past; less known for the Harvey Weinsteins and Lew Wassermans than for exceptional working environments that support high creativity and a pop culture that helps lead society in a better direction.
It is not easy.It means going our own way in a town where there is safety in numbers. There is irony in the fact that a herd mentality can exist in a market that is in essence a race to the newest, shiniest thing. Conversely, safety also is in going with the flow and never upsetting the balance of power too much or too quickly. Being the outlier can be dangerous.
There will always be tremendous profit to be made in Hollywood.It’s the land that casts dreams and gives people hope through stories, and that pays. Of course, there will always be the occasional nightmare, and that pays too, but there are some of us now who are pursuing something better: Sane companies, based on the 7Ps or similar forward thinking and evolving philosophies. It can be done. Perhaps a new mantra is at hand: “They come, they succeed, let’s keep doing it for 100 years.”
Steven Jacob is Co-Founder and CEO of Worldwide Production Agency.
Wired for Optimism
When I was a sophomore in high school, I wrote a report in biology titled, “The Positives of Positive Thinking.” I’d chosen the subject because I was, to put it mildly, not science-minded. I remember that the research and writing was an agonizing process, but I found myself intrigued by the data around the impact of optimism. From my earliest memories, people had always noted my positive nature and ready smile. While I certainly have moments of sadness and anger, I don’t think I’d be exaggerating if I said I have a smile on my face most of the time. I’m just wired that way.
I got an A on that biology paper, and I still remember the comment that my teacher wrote on the top of the first page: “I don’t know if this is BS, but if you can keep this thought process, it will serve you well.”As I reflect on the power that positive thinking has played in my life since—personally and professionally—I can say unequivocally that she was right.
I always look at the positive side of life; it’s what drives me. Even when people bring me negative thoughts or experiences that are difficult to discuss, I really try, in my response, to reflect my affection for that person and to show them that there is a positive side to all experiences. I see my outlook reflected in the way my own children view the world and their responsibility to effect positive change, and I see it in the culture of the Evergreen insurance brokerage firm, Johnson Kendall Johnson, where I serve as managing partner.
All of this is not to say I have not encountered challenge and personal heartbreak in my life. My father passed away when he was only 61, and I lost my older brother when he was 52. Both were significant losses that deeply affected our close-knit family. Several years ago, when my eldest son and his wife suffered a miscarriage, I felt the pain of an early, unexpected loss again. During a conversation with my business partner and dear friend at that time, I said to him, “I don’t know how to manage this; bad things don’t happen to our family.” His response offered meaningful perspective; he said, “Bruce, of course bad things happen to you—it’s just that your outlook on life means you always look to see the upside.” I realized that he was right: I live through challenge like anyone else, but my natural inclination is to move forward from a place of hope and with an expectation of good.
This deeply ingrained sense of optimism likely makes me uniquely suited for the insurance business, where our work every day revolves around helping our clients build, sustain, and grow their business—often in the face of significant challenge. Our mission is to deliver strategy and solution, and we often do that in the midst of emotionally-charged situations that create stress and uncertainty. Being able to respond in an optimistic, forward-thinking way serves our clients well.
I recently witnessed the essential role of optimism in our work when a client suffered a significant fire. The fire broke out in the night, and our claims group and I were on the scene by 7 a.m. We remained on site all day—and many days thereafter. We came to realize that after the first responders departed, we were the most stable presence for our clients during the months that followed as they worked through the damage assessment, healing, and reorganization and planning that the situation required. And we weren’t just there to write checks; we were there to offer the expertise and assurance that they desperately needed. We were there to offer hope—and to deliver on that promise of a brighter day. We are honored to offer clients the experience and stability, the peace of mind, that sees them through difficult times. And, in this case, we were thrilled to be on hand for the groundbreaking of their new facility; they are rebuilding and anticipate opening a new facility in the months ahead.
This specific situation displayed how critical a positive outlook is in our business, but it’s certainly not a unique scenario. Optimism is essential across every part of our business, and we intentionally recruit for positive, solution-oriented people. Each time we encounter a challenge or face a tough decision as a group, I frame the conversation by saying, “I understand the problem; now let’s determine the best way to solve it.” Led by a positive outlook, we move forward together on behalf of our clients.
That strong desire to serve our clients not only motivates us to find positive solutions for every day, it also compels us to stay Private. In an industry landscape rife with mergers and acquisitions, we are committed to remaining independent so that we can continue to serve the client and the community in the best way possible. That’s what makes our glass half-full.
I didn’t know when I wrote that paper for my high school biology class just what a central role “positive thinking” would play in my professional life. I only knew that I had a distinct outlook in life. I saw the good in people and in the world around me. I’m happy to know, now, that my personal outlook has helped me provide solutions and lead others to navigate their way to the bright side.
Bruce White is Managing Partner at Johnson Kendall Johnson, a full-service insurance brokerage and risk management firm.
Building Teams Behind the Scenes
As a cinematographer on feature films, I’m responsible for the look of the film and for taking the director’s vision and translating it visually—getting inside his or her head and interpreting how that person wants the story to look and feel. In the simplest terms, the work my crew and I do to choose the right cameras and lighting, select locations, set up for each scene, and operate the equipment to deliver the visuals transforms the words of the script into cinematic entertainment.
As you can probably imagine, building teams of professionals to do this work skillfully and efficiently—often across multiple, wide-ranging locations and under the financial and time pressures of a film’s production cycle—can be challenging. Part of my responsibility is to hire the lead team member for the three departments that I manage—camera, lighting, and grips—and then delegate the staffing of each of those departments to that lead. All of us work as contract or freelance employees, so the team has to be built from scratch for each project.
While the responsibility of managing this human resource aspect of my job is not something I envisioned as an artsy film student, I’ve come to embrace the role—it’s truly satisfying to work with interesting people and create a professional environment that’s positive and fulfilling for the team that comes to work for me each day. Over the years, I’ve come to realize that my approach to building and managing crews is not the norm on film sets. Though these positions are essential to the film’s production, these professionals are often not treated very well and don’t feel valued. Many film sets are antagonistic, and crew members can be miserable. Terrible stories circulate about sets where yelling and even physical altercations are standard.
This is crazy to me—we’re all so lucky to be doing this work. Why wouldn’t we want to create a positive environment and enjoy our time on set? That just seems like a better way to live. With that in mind, I do my best to bring together people who I know will create a positive environment and do good work and then manage them with respect.
The foundation of teams is, of course, the people you bring together. When I was young I just wanted to work with the most experienced people, but I learned that even though many of these people have incredible credits to their name, they may not be the best people for the job. Early on, I hired some people who weren’t team players or whose egos were really big or who were aggressive or antagonistic or dishonest. For me, character has become a priority; it has taken decades, but I’ve built a list of stellar human beings that I draw from now when I build my teams. I’m lucky I have found these people.
Once assembled, my approach to managing my crew reflects my own personality and the influence of mentors I’ve learned from over the years. I have a naturally calm demeanor, which determines how I interact on a regular basis, and I owe a lot to my experiences working with a friend from film school, a director named Zack Snyder. We’ve worked together on many movies, and early on I noticed the respect he extends to everyone and how that impacts the tone on the set. He truly values each person’s insight and treats people well. I don’t know how conscious I was in the beginning of developing a specific style that reflected that ethos, but once I became conscious of the impact and value of that environment, I made it a priority to lead in creating that People First dynamic.
With the right team in place and a shared satisfaction in our contributions, we’re able to be productive and efficient on set. With an average budget of $1M per day, that makes a big difference. As I watch my crew work, it’s also satisfying to see the way the group we build is perceived by the broader team as they contribute beyond their responsibilities. There can be inter-departmental strain on some sets, but my team will generally offer to help others, and I can see the surprise this evokes among people who aren’t used to being supported beyond their own department.
At the end of the day, even with the intensive planning, preparation, and team building, the reality is that each production is really a circus tent of craziness. Most of the time we’re just trying to keep our heads on straight. But if my team can be some part of reigning in the chaos and delivering an end-product that we can all be proud of, that’s a great feeling. I try to accept the challenge of each new project, carry out my role with grace, and make people feel good about the work they do each day.
Larry Fong is a cinematographer best known for his work on 300, Watchmen, and Kong: Skull Island, among others. He is an active member of the American Society of Cinematographers and was a speaker at Tugboat Institute Summit 2018.
Finding the Joy in Unpacking
In business and in life, many of us fill our packs with emotional, physical, and professional weight that can impact our ability to move efficiently and in good health. Intentionally unpacking obligations, habits, and control that don’t serve us can create opportunity for transformative growth—in self and in Evergreen business.
In his presentation from the Tugboat Institute Summit 2018, Joe Motz, President and CEO of The Motz Corporation, describes the pivotal, personal experience that set him on a journey of intentional unpacking and the joyful changes that process has brought to his business and his physical and emotional wellbeing.
Happy New Year from Tugboat Institute
Dear Evergreen Journal readers,
Happy New Year! As we head into 2019, we are grateful for the learnings and experiences we shared in 2018. We are excited by the momentum in the Evergreen movement.
The Year in Review
Tugboat Institute membership grew by 30 percent in 2018, broadening our membership to include new industries and new geographies.
In January, we launched Evergreen Journal Quarterly, a print publication that includes Evergreen Journal articles and additional content we create each quarter. The magazine allows us to regularly curate the expertise and experience of our community in a new way, offering members and a wider audience a valuable, Evergreen collection of best practices, insights, and information.
In June our members came together in Sun Valley, Idaho for Tugboat Institute Summit 2018. I was happy to launch the week’s talks by sharing the story behind the phenomenal success of In-N-Out Burger, an exemplar of Evergreen principles, including Private, Paced Growth, and People First. Talks by members ranged from heartfelt experiences of personal development to tactical growth strategies to best practices in building culture for the long-term. Across the talks, conversations, and activities, we found inspiration, lessons, and valued connections.
In August, we moved our headquarters from Palo Alto to our new office in Sun Valley. We are spoiled to be working with a view of world-famous Bald Mountain from our conference room, and we welcome any visitors who venture to our peaceful mountain town to stop by and say hello!
We also launched our first online Tugboat Seminar in August, expanding upon member Joe Motz’s Summit talk, and we followed that with two additional seminars in September and November—hosted by member Tom Rosztoczy and Tugboat Fellow Spencer Burke, with Kim Sheehy, respectively. The seminars were met with enthusiastic support, and we are happy to be planning six additional seminars for 2019.
In October, we traveled to St. Louis, Missouri, where members were graciously hosted by Andy Taylor, Executive Chairman of Enterprise Holdings, at the company’s headquarters for our fall Tugboat Institute Exemplar visit.
Our inspiring days at Enterprise were followed by a wonderful opportunity—facilitated by Tugboat Institute Fellow Spencer Burke—to share the Evergreen story with the wider community of St. Louis at the Olin Family Business Symposium at Washington University.
Looking Ahead
We are heading to Chicago, Illinois in April, where Tugboat Institute member Robert Pasin, Chief Wagon Officer of Radio Flyer, will host us for our Tugboat Institute @RadioFlyer Exemplar event.
In June, members will again gather in Sun Valley for Tugboat Institute Summit 2019. We are excited to be hosting the event at the recently completed Argyros Performing Arts Center, an amazing new venue perfect for our group.
New in 2019, we have launched a Tugboat Institute YouTube channel, and I am in the beginning stages of launching a personal blog to offer Ideas and perspective about Evergreen practices.
In addition to these programs, experiences, and new content platforms, we are investing time and resources to expand the Tugboat Institute experience to members’ key executives and family members. The Evergreen Conference, developed at the request of members, is planned for Dallas, Texas in spring of 2020 and will be open to members’ families and leadership teams. We have also been working to expand and enhance our Certified Evergreen program to offer a rigorous certification process, based on the Evergreen 7Ps. While both the Evergreen Conference and Certified Evergreen program will initially be offered to members, we anticipate both will be made available to other Evergreen companies.
Final Thoughts
As we head toward a new year, we are optimistic about the positive impact of Evergreen companies on their employees, their communities, and on society. While this past year has presented some uncertainty—through this past fall’s downturn in the stock market and concerns over trade—we feel confident that the year ahead will offer Evergreen companies ample opportunity.
At Tugboat Institute, we are looking forward to continuing to support members and the Evergreen movement. As we navigate the year ahead, we will continue to embrace the long-term view.
With Gratitude,
Dave Whorton & The Tugboat Team
The Transformative Power of Why
When I stepped into my role as CEO of our Evergreen population health management company, Telligen, in 2011, we were at a crossroads. As co-founder of what was now a new business emerging with the assets of a predecessor company where I had been an employee, I knew I was facing a period of significant challenge—but I had a few ideas. When I assumed leadership, we were losing clients, revenue, and employees. The exodus of very talented people was especially devastating because the real value of our type of business is in the people.
I knew that to move forward, we had to answer the most basic question: Why do we exist?
At that point, the company had been pursuing a wide range of work, and neither employees nor clients were able to articulate a connection or clear Purpose that bound the pieces to form a whole. Employees may have identified with a specific domain of work or a specific client, but it wasn’t clear why we existed as an entity.
And yet, I knew these disparate pieces could be brought together to form a company that would reflect our passion for transforming lives and economies through better health. I had a sense for the incredible experience of our people and the products and solutions we had built and could continue to create as a company. So, rather than quickly jumping into how to fix sales or account management or financials, which were all jockeying to be top of mind, I knew we first had to find our center and define our Purpose.
Without the resources for an outside consultant or facilitator, we started internally by asking questions and finding focus. I started the conversation by asking the negative question: “If we didn’t exist as a business, would anybody miss us? What would be different? Who wouldn’t get something they needed?”
As we worked through that exercise, employees responded, reflecting their individual projects and clients’ needs. Answers ranged from, “If we didn’t exist, then a cancer patient wouldn’t be able to get case management;” to, “if we didn’t exist, this provider wouldn’t be able to implement an electronic health record;” to, “if we didn’t exist, this nursing home would not be able to ensure the best quality of care to loved ones.” Everybody was touching the elephant in a different place—circling around one another as though inhabiting different planets and speaking different languages.
But amidst the different answers, a strong common thread emerged: Each project, each piece of work was, in its unique way, moving people to better health, and together we were helping manage the cost of healthcare. We had found our shared Purpose. With that grounding work complete, we moved on to develop a mission and vision by asking: “What would we look like if we did things really well? What would that mean to our clients?” With our Purpose defined, the vision came naturally: We want to improve people’s lives and fix the U.S. economy that is so negatively impacted by high healthcare costs.
One of the first benefits of this new foundation was to align our work with our Purpose. Now, in reviewing existing projects and prospective clients, we were able to easily discern if their goals were aligned with what we wanted to be as a company. If they were, we were able to quickly recognize that and say, “yes, what you’re trying to solve aligns absolutely with what we do, and we want to do this job.” On the flip side, if we were presented with a project that did not reflect our Purpose, we could say, “no, that’s not what we do; that’s not who we are.” Knowing what work to go after, what work to keep, what work to grow, and who we needed on the bus to do the work and move us down the road were all early results of our newly defined Purpose.
As we became increasingly centered as a business, we attracted new clients who aligned with our Purpose, and existing clients noticed our clarity and found a deeper connection between our work and their goals. With increased sales, the business’ top line changed, which created all sorts of good things, as we were able to slowly open up opportunities for professional development, create new products, and improve existing systems. Prioritizing these internal investments came pretty quickly with our newfound Purpose because we knew now what we were about. Instead of fragmenting investment with the hope that something would click, we knew which investments aligned with our Purpose and would move us toward our shared goals.
As we moved forward, directed by our Purpose, we also honed our language and were able to clearly articulate who we were and how we were meeting our goals internally and externally. Internally, we were able to share success stories and client acquisition in a way that allowed employees to connect those wins to our mission. Externally, we were able to connect with clients more efficiently and more deeply. And, our recruiting efforts improved as hiring managers began to use the new language of our Purpose and attract a different kind of talent that was more connected to the company’s Purpose.
Now, seven years later, I can say that our Purpose is part of our DNA. I have seen how a business can be transformed when you are clear about your Purpose and understand why your company exists. On a personal note, as an Evergreen CEO, I continue to feel the power of the work we’ve done. When I am facing a challenge, it’s my deep belief in our Purpose that keeps me going: I know exactly why we exist and how we are changing lives. That makes it all worthwhile.
Jeff Chungath is the CEO and a founder of Telligen, a 100 percent employee-owned population health management company with a mission to be the company that fixes what ails the healthcare system in the United States through health management solutions that drive better health and value to purchasers of health benefits.
Growth through Acquisitions—A Learning Journey
Paced Growth is an essential principle of successful Evergreen businesses. While growth can be organic or accomplished through new ventures, some Evergreen companies will choose to grow through acquisition.
Tom Rosztoczy, CEO of Stotz Equipment, has guided his Evergreen company to grow from three John Deere dealerships in Arizona to 25 stores in eight Western states over the past 20 years. In his presentation from the Tugboat Institute Summit 2018, Tom shares the key factors of that successful acquisition journey and the core values that are integrated into each new acquisition to continue to propel his Evergreen business forward.