59. Buying and Growing a Machine Shop Part-time with Gillen Young from Custom Tool

59. Buying and Growing a Machine Shop Part-time with Gillen Young from Custom Tool

Author: Paul Van Metre July 31, 2024 Duration: 1:04:02

59. Buying and Growing a Machine Shop Part-time with Gillen Young from Custom Tool

Gillen Young and his brother bought Custom Tool in 2010 and have grown it fourfold since, including buying another shop as well. One of the most interesting parts of this story is that Gillen has a regular full-time job and leads Custom Tool as CEO and President part-time. Gillen is also the Chairman of NTMA and has some great insights to share from his time at NTMA.  Gillen shares the growth story of Custom Tool, and the things they've done to grow it so significantly.  He also shares some unique insights about the power of connection, communication and sharing among peers and the greater community. For anyone interested in growing, buying or selling a shop, this is a can't-miss episode!

About Custom Tool:
Since 1991, we have been a trusted supplier of precision metal working services and machined component parts. We manufacture parts used in various markets such as automotive fuel and filtration systems, oil field valves, surveillance equipment, and military hardware. Our customers consistently rate us high in on-time delivery with low rejection rates. We are committed to providing value to our customers with the services we offer and the relationships we build.

Follow Gillen Young and Custom Tool on Social Media:
Personal LI: /gillen-young-b2863b
Company LI: /custom-tool-inc-cookeville-tn
Website: www.customtoolinc.com


Paul Van Metre hosts Machine Shop Mastery, a conversation grounded in the real-world challenges and triumphs of running a precision manufacturing business. This isn't about abstract theory; it's a deep dive into the shop floor, focusing on the practical strategies that turn a technical skill into a sustainable and growing enterprise. Each episode pulls back the curtain on the operational, financial, and personal leadership aspects that define a successful shop, moving beyond the blueprints to talk about building a resilient business. You'll hear candid discussions about navigating client relationships, managing cash flow, investing in the right equipment, and developing a team that can execute complex work. The podcast aims to underscore the critical role these businesses play as community anchors and economic engines, often overlooked in broader industry talks. For current shop owners, the insights offer a path to refine their operations and boost profitability. For aspiring entrepreneurs with a passion for machining, these conversations provide a clear-eyed look at what it truly takes to launch and scale. Tune in for straightforward advice and stories that connect the craft of machining with the art of building a lasting legacy.
Author: Language: en-us Episodes: 100

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