29 Jun Acquiring Minds: Growing a $5M Metal Business 40% in Year 1
Today’s guest left tech for manufacturing, a move few peers understood.
But Caleb Standafer knew manufacturing required real industry experience, not just ambition. After years working in the field and searching part-time for an acquisition, he bought Springfield Tool & Die in 2024 at $5m revenue. In his first full year as owner, he grew the business to $7m and expanded the team from 17 employees to the mid-20s. We discuss how he made the transition, the realities of metal manufacturing, and how he manages a business where one customer drives over 70% of revenue. Here is Caleb Standafer, owner of Springfield Tool & Die.
