59. Buying and Growing a Machine Shop Part-time with Gillen Young from Custom Tool
Release Date: 07/31/2024
Machine Shop Mastery
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In this episode of Machine Shop Mastery, I sat down with Barry Walter Jr., and I have to say—this one lit me up. Barry’s a machine shop leader who brings heart, humility, and a whole lot of wisdom to the mic. From rebuilding a multi-generational business to designing a culture where “shit flows uphill” (his words!), Barry has transformed a plumbing parts OEM into an 8-figure, high-mix/low-volume powerhouse with 37 team members, 15 CNC lathes, and a customer service model that makes his buyers the heroes. What struck me most is how intentional Barry is—not just with his machines or...
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Every once in a while, I sit down with a guest who reminds me exactly why I started this podcast in the first place. That was the case with Kelly Denison, the second-generation owner of Continental Machine Company in Albuquerque, New Mexico. Kelly is the kind of leader who sees his machine shop not just as a business—but as a vehicle for opportunity, growth, and purpose. In our conversation, we talked about what it means to carry forward a legacy. Kelly’s dad bought the business in 2000, and by 2020, Kelly had earned his way into full ownership—not by entitlement, but by doing...
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What if you could double—or even quadruple—the value of a machine shop within just 12 months of buying it? For Mike Payne, this isn’t a hypothetical. It’s a repeatable system he’s refined across five acquisitions (and counting). In this episode of Machine Shop Mastery, Mike returns to the mic to break down exactly how he transforms tired shops into thriving, high-value operations—without starting from scratch. Mike walks us through his bolt-on acquisition strategy, sharing how he targets shops with legacy customers, retiring owners, and underutilized assets. But the real...
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Most shop owners I talk to are focused on the usual things: keeping the machines humming, staying profitable, maybe planning for growth or succession. But what if the real unlock for your shop wasn’t more tech or tighter margins—but a completely different way of thinking about why your business exists in the first place? That’s what today’s episode is about. I sat down with Court Durkalski, CEO of Truline Industries, and honestly, this conversation hit me harder than most. Court runs a $23 million aerospace machining company with 120 employees—and they give away 10% of...
info_outline59. 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