Chenmark Series 3: Recruiting CEOs and Future Planning - Ep.165
Episode description
This is the third and final episode in our three-part series on Chenmark, a highly successful small business holding company founded in 2015. Today they have acquired 11 operating companies, completed 30+ acquisitions when including add-ons, and have over 600 employees today.
This third episode takes a deep dive into their CEO recruiting function and what has to happen to keep Chenmark on its growth trajectory. We discuss their GVP program where they recruit young hungry leaders to eventually be placed in CEO roles, their GA program for associate-level recruiting, and earning the right to take risks and what that means for them today. I hope you enjoy this third part of the series with Trish Higgins and James Higgins.
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Links:
Will Thorndike on Invest Like the Best
Topics:
(00:04:51) Earning the right to take risks
(00:11:10) Accelerating acquisitions and faster processes
(00:13:04) Expanding capacity beyond headcount growth
(00:17:25) Reinvestment in current companies vs. new platforms
(00:22:08) Not having a full-time person searching for deals
(00:26:13) Chenmark's GVP Associate's Program
(00:36:31) Hiring CEOs and Operators
(01:04:16) How to make Chenmark be successful for another 20 years
(01:07:17) How to carry on a Newsletter long-term