Why This $14M HVAC Company Is Still Independent After 73 Years | Bobby Ring
About this episode
Bobby Ring discusses the 73-year history of Meyer & Depew Co. and the challenges of leading a family-owned HVAC business.
What does it take to build a home services company that lasts for more than seven decades? In this episode of To The Point Home Services VIP Room , we sit down with Bobby Ring, President and CEO of Meyer & Depew Co. , to talk about the incredible 73-year history behind the company and how a family-owned HVAC business has continued to evolve through multiple generations. Bobby shares how Meyer & Depew grew from a small commercial-focused company into a thriving $14M HVAC business, the lessons he learned working alongside his father, and what he is doing differently as his own son becomes part of the next generation of leadership. We also dive into the challenges of working with family, empowering the next generation of leaders, building a culture that lasts, and why Bobby believes contractors need to get really good at their core business before expanding into additional trades. From failed attempts at adding electrical to deciding whether to eventually sell the business or pass it down, Bobby gives an honest look at the decisions that come with leading an independent home services company. Plus, the guys discuss why a $10M to $20M business should not be undervalued, the…
People in this episode
Guest: Bobby Ring
Topics covered
- home services
- HVAC industry
- family business
- leadership
- business growth
- company culture
Keywords
- HVAC
- family business
- business growth
- leadership
- company culture
- Nexstar
- independent contractors
Mentioned in this episode
Organizations: Meyer & Depew Co., Nexstar
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