Building, Growing & Selling a Power Solutions Firm with Special Guest, Spencer Wiggins

Building, Growing & Selling a Power Solutions Firm with Special Guest, Spencer Wiggins

In this episode of Bundy Group Insights, Managing Director Clint Bundy speaks with longtime client and friend Spencer Wiggins, former majority owner and President of Industrial Electric Machinery (IEM). Spencer shares how he turned a small family business into a regional power solutions leader through modernization, acquisitions, and customer-driven growth. He also opens up about leading his firm through the Pacific Consortium—a strategic collaboration among IEM, A+ Electric Motors, and Reed Electric—that created a stronger market presence and led to an exceptional sale outcome. The conversation provides rare, firsthand insights into how business owners can create value, align with the right partners, and position for a premium outcome when it's time to sell.

Spencer's story highlights leadership, resilience, and value creation across the power solutions and broader industrial sectors. The episode provides lessons learned, including how the consortium model provided a competitive advantage and initiatives owners should be taking to best build value in their firm and prepare for a sale.

Key Takeaways:

How one owner transformed a regional electric motor repair business into a diversified power solutions firm through modernization, process improvement, and strategic acquisitions.

Why adapting to evolving customer and industry needs is essential to building a durable, high-value business in the power solutions sector.

How the consortium model—combining IEM, Reed Electric, and A+ Electric Motors—helped enhance market reach and drive a premium valuation in the sale to Integrated Power Services (IPS).

What business owners should consider early when preparing for a sale—from aligning financials and systems to building management depth and credibility with buyers.

The personal and professional lessons Spencer Wiggins gained from growing, leading, and ultimately selling his company—offering practical guidance for other owners planning their own exit.

Learn more about Bundy Group by visiting https://bundygroup.com.

Additional Links:

Bundy Group Advises Three Energy & Power Services Firms in a Consolidated Sale

Consortium Sale: Strategy for Business Owners to Increase Value

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(36)

Business Broker or Industry-Focused Investment Bank? Choosing the Right M&A Advisor

Business Broker or Industry-Focused Investment Bank? Choosing the Right M&A Advisor

In this episode of Bundy Group Insights, Clint Bundy and Stewart Carlin address one of the most common—and often misunderstood—questions in M&A: the difference between a business broker and an industr...

7 Apr 22min

2025 Year in Review & 2026 Outlook

2025 Year in Review & 2026 Outlook

In this episode of Bundy Group Insights, Clint Bundy and Stewart Carlin reflect on a pivotal year in the M&A market, reviewing key developments from 2025 and discussing what business owners should be ...

10 Feb 46min

Alex's Analysis: Economic and Markets Update

Alex's Analysis: Economic and Markets Update

In this episode of Bundy Group Insights, Managing Director Clint Bundy welcomes back Alex Chausovsky, President and CEO of 3DM Consulting and Bundy Group's economics and markets partner, for a wide-ra...

10 Feb 32min

Dermatology & Aesthetics M&A: Buyers Roundtable: Strategic and Private Equity Perspectives for Practice Owners

Dermatology & Aesthetics M&A: Buyers Roundtable: Strategic and Private Equity Perspectives for Practice Owners

In this episode of Bundy Group Insights, Managing Directors Clint Bundy and Drew Thomas bring together two seasoned acquirors in the dermatology and medical aesthetics market: Darcie Surinak, Presiden...

15 Des 202538min

Fire & Security M&A: Buyers Roundtable: Strategic and Private Equity Perspectives

Fire & Security M&A: Buyers Roundtable: Strategic and Private Equity Perspectives

In this Buyers Roundtable edition of Bundy Group Insights, host Jim Mullens sits down with industry leaders Mark Grudzien of RapidFire Safety & Security and Ryne Collins of Plexus Capital. Together, t...

9 Des 202533min

From Sales Discipline to Business Value: Lessons with Dan Flaherty

From Sales Discipline to Business Value: Lessons with Dan Flaherty

In this episode, Clint Bundy sits down with long‑time friend and sales leader Dan Flaherty to unpack how disciplined sales operations translate directly into enterprise value. Drawing on 25 years lead...

7 Okt 202533min

Storytelling That Scales: Chris Luecke on Community, Content, and Advanced Manufacturing Growth

Storytelling That Scales: Chris Luecke on Community, Content, and Advanced Manufacturing Growth

Bundy Group Insights welcomes Chris Luecke, creator of Manufacturing Happy Hour, for a candid conversation on storytelling, community, and growth in the modern industrials age. Chris shares how his "l...

23 Sep 202533min

Populært innen Business og økonomi

stopp-verden
dine-penger-pengeradet
lydartikler-fra-aftenposten
rss-penger-polser-og-politikk
e24-podden
rss-borsmorgen-okonominyhetene
rss-skravla-gar
rss-pa-konto
livet-pa-veien-med-jan-erik-larssen
pengesnakk
pengepodden-2
finansredaksjonen
utbytte
tid-er-penger-en-podcast-med-peter-warren
morgenkaffen-med-finansavisen
stormkast-med-valebrokk-stordalen
lederpodden
liberal-halvtime
okonomiamatorene
rss-markedspuls-2