Ep. 80 - Contractor to Consultant: How Kory Mitchell Mastered the Exit

Want a blueprint for selling your contracting business without losing your identity or your team? We sit down with Kory Mitchell, founder of Iconic Founders Group and former CEO of a 200M environmental firm, to unpack how blue-collar owners can scale with intention, de-risk the books, and exit with clarity and control. Kory shares how he grew from a family asbestos shop to 37 locations through a mix of organic expansion and 13 acquisitions, and why the best deals hinge on people diligence, not just financials.We get practical fast: why job costing, WIP reporting, and real-time dashboards transform chaos into predictable profit; how small and recurring jobs often beat flashy mega-projects when it comes to valuation; and the simple margin habits that make buyers pay more. Kory breaks down rollovers, earn outs, and the reality of staying post-transaction, plus how private equity and large family offices think about multiples, leverage, and risk. We also dig into equipment strategy, when leasing can lift uptime and reduce deferred maintenance, and the hidden valuation hits from heavy CapEx, client concentration, bonding exposure, and weak safety culture.This is a candid look at the human side of exits, too. Burnout, replacing yourself before a sale, surrounding yourself with smarter peers, and getting an executive coach who has actually done deals, these steps create space to think and move on your terms. If you want to protect your people, preserve your brand, and still get paid for the value you’ve built, this conversation maps the path: clean data, safer operations, recurring revenue, and a buyer who matches your goals.If this helped you see your next step, grow, sell, or both, follow the show, share it with a friend who runs a crew, and leave a quick review so more blue-collar owners can find it.Support the showTune in to the Blue Collar Business Podcast with Sy Kirby for the rawest, most relevant stories behind building a successful business in the trades. New episodes drop every Wednesday at 5 am CST—put your boots on and get ready to level up.Follow and stay connected:Website: bluecollarbusinesspodcast.comYouTube: youtube.com/@BlueCollarBusinessPodcastInstagram: @bluecollarbusinesspodcastTikTok: @bluecollarbusinesspodFacebook: Blue Collar Business PodcastLinkedIn: Blue Collar Business PodcastNever miss an update—follow, subscribe, and join the conversation!